inContact Insider Bassam Salem Sells 15,000 Shares (SAAS)
inContact (NASDAQ:SAAS) Insider Bassam Salem sold 15,000 shares of the company’s stock on the open market in a transaction dated Friday, September 20th. The stock was sold at an average price of $8.94, for a total value of $134,100.00. Following the sale, the insider now directly owns 17,900 shares in the company, valued at approximately $160,026. The sale was disclosed in a document filed with the SEC, 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’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $9.20.
Shares of inContact (NASDAQ:SAAS) traded down 1.66% during mid-day trading on Tuesday, hitting $8.31. The stock had a trading volume of 220,935 shares. inContact has a 52 week low of $4.74 and a 52 week high of $9.77. The stock’s 50-day moving average is $8.62 and its 200-day moving average is $8.09. The company’s market cap is $454.2 million.
inContact (NASDAQ:SAAS) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the 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. Analysts expect that inContact will post $-0.13 EPS for the current fiscal year.
inContact, Inc (NASDAQ:SAAS) is a provider of cloud-based contact center solutions.
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