Insider Selling: Christian Paul Unloads 22,500 Shares of Responsys Stock (MKTG)
Responsys (NASDAQ:MKTG) CFO Christian Paul unloaded 22,500 shares of Responsys stock on the open market in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $16.68, for a total value of $375,300.00. Following the completion of the transaction, the chief financial officer now directly owns 53,395 shares of the company’s stock, valued at approximately $890,629. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
MKTG has been the subject of a number of recent research reports. Analysts at Morgan Stanley upgraded shares of Responsys (NASDAQ:MKTG) from an “equal weight” rating to an “overweight” rating in a research note to investors on Wednesday, September 18th. They now have a $19.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Zacks downgraded shares of Responsys (NASDAQ:MKTG) from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, August 8th. They now have a $14.20 price target on the stock. Finally, analysts at JMP Securities raised their price target on shares of Responsys (NASDAQ:MKTG) from $18.00 to $23.00 in a research note to investors on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $17.70.
Shares of Responsys (NASDAQ:MKTG) traded down 0.30% on Friday, hitting $16.37. The stock had a trading volume of 492,215 shares. Responsys has a 52-week low of $5.47 and a 52-week high of $18.22. The stock’s 50-day moving average is $15.44 and its 200-day moving average is $12.27. The company has a market cap of $824.2 million and a P/E ratio of 160.98.
Responsys (NASDAQ:MKTG) last released its earnings data on Monday, August 5th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $49.50 million for the quarter, compared to the consensus estimate of $46.19 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 25.3% on a year-over-year basis.
Responsys, Inc (NASDAQ:MKTG) is a provider of on-demand software and professional services.
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