inContact Insider Bassam Salem Unloads 15,000 Shares (SAAS)
inContact (NASDAQ:SAAS) Insider Bassam Salem sold 15,000 shares of the stock on the open market in a transaction dated Friday, September 6th. The shares were sold at an average price of $8.09, for a total transaction of $121,350.00. Following the sale, the insider now directly owns 17,900 shares of the company’s stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Benchmark Co. downgraded shares of inContact (NASDAQ:SAAS) from a “buy” rating to a “hold” rating in a research note to investors on Friday, August 9th. They now have a $9.00 price target on the stock, down previously from $10.00.
Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $9.20.
Shares of inContact (NASDAQ:SAAS) traded up 1.06% during mid-day trading on Tuesday, hitting $8.57. 223,786 shares of the company’s stock traded hands. inContact has a one year low of $4.74 and a one year high of $9.77. The stock has a 50-day moving average of $8.55 and a 200-day moving average of $7.96. The company’s market cap is $468.4 million.
inContact (NASDAQ:SAAS) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.04) by $0.01. The company had revenue of $31.10 million for the quarter, compared to the consensus estimate of $32.30 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The company’s quarterly revenue was up 19.2% on a year-over-year basis. On average, analysts predict that inContact will post $-0.13 earnings per share for the current fiscal year.
inContact, Inc (NASDAQ:SAAS) is a provider of cloud-based contact center solutions.
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