Insider Selling: J Stuart Moore Sells 100,000 Shares of Sapient Corp. Stock (SAPE)
Sapient Corp. (NASDAQ:SAPE) Director J Stuart Moore unloaded 100,000 shares of the company’s stock on the open market in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $15.58, for a total value of $1,558,000.00. Following the sale, the director now directly owns 6,828,505 shares of the company’s stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on SAPE shares. Analysts at Northland Securities initiated coverage on shares of Sapient Corp. (NASDAQ:SAPE) in a research note to investors on Friday, August 9th. They set a “market perform” rating and a $14.00 price target on the stock. Separately, analysts at Northland Capital Partners initiated coverage on shares of Sapient Corp. (NASDAQ:SAPE) in a research note to investors on Friday, August 9th. They set a “market perform” rating and a $14.00 price target on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Sapient Corp. (NASDAQ:SAPE) from $14.50 to $15.50 in a research note to investors on Wednesday, August 7th. They now have an “outperform” rating on the stock.
Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $14.25.
Shares of Sapient Corp. (NASDAQ:SAPE) traded up 2.31% on Friday, hitting $15.95. The stock had a trading volume of 1,413,724 shares. Sapient Corp. has a 52 week low of $9.90 and a 52 week high of $16.15. The stock has a 50-day moving average of $15.27 and a 200-day moving average of $13.10. The company has a market cap of $2.230 billion and a price-to-earnings ratio of 30.51.
Sapient Corp. (NASDAQ:SAPE) last announced its earnings results on Tuesday, August 6th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.10. The company had revenue of $314.30 million for the quarter, compared to the consensus estimate of $305.06 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. Analysts expect that Sapient Corp. will post $0.54 EPS for the current fiscal year.
Sapient Corporation (NASDAQ:SAPE) is a global services company, which helps clients leverage marketing and technology to transform their businesses.
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