Insider Selling: KVH Industries VP Unloads 5,000 Shares of Stock (KVHI)
KVH Industries (NASDAQ:KVHI) VP Van Heyningen Robert Wb Kits sold 5,000 shares of the stock on the open market in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $13.00, for a total transaction of $65,000.00. Following the completion of the sale, the vice president now directly owns 239,079 shares of the company’s stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Chardan Capital initiated coverage on shares of KVH Industries (NASDAQ:KVHI) in a research note to investors on Wednesday. They set a “buy” rating and a $16.00 price target on the stock. Analysts at TheStreet upgraded shares of KVH Industries (NASDAQ:KVHI) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, July 3rd.
KVH Industries (NASDAQ:KVHI) traded down 0.92% on Wednesday, hitting $12.97. The stock had a trading volume of 21,406 shares. KVH Industries has a 52 week low of $10.38 and a 52 week high of $15.00. The stock has a 50-day moving average of $13.4 and a 200-day moving average of $13.35. The company has a market cap of $202.0 million and a P/E ratio of 25.08.
KVH Industries (NASDAQ:KVHI) last released its earnings data on Wednesday, July 31st. The company reported $0.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.04. The company had revenue of $43.20 million for the quarter, compared to the consensus estimate of $39.31 million. During the same quarter last year, the company posted $0.03 earnings per share. KVH Industries’s revenue was up 35.0% compared to the same quarter last year. Analysts expect that KVH Industries will post $0.46 EPS for the current fiscal year.
KVH Industries, Inc (NASDAQ:KVHI) is a manufacturer of solutions that provide global high-speed Internet, television, and voice services via satellite to mobile users at sea, on land, and in the air.
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