Sapient Corp. Director J Stuart Moore Sells 100,000 Shares (SAPE)
Sapient Corp. (NASDAQ:SAPE) Director J Stuart Moore sold 100,000 shares of Sapient Corp. stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $15.54, for a total value of $1,554,000.00. Following the completion of the transaction, the director now directly owns 6,115,705 shares in the company, valued at approximately $95,038,056. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Sapient Corp. (NASDAQ:SAPE) traded down 2.21% during mid-day trading on Tuesday, hitting $15.10. The stock had a trading volume of 586,792 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. and a 200-day moving average of $13.43. The company has a market cap of $2.111 billion and a P/E ratio of 30.22.
Sapient Corp. (NASDAQ:SAPE) last posted its quarterly 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. On average, analysts predict that Sapient Corp. will post $0.54 earnings per share for the current fiscal year.
SAPE has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Sapient Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, October 2nd. They now have a $17.00 price target on the stock. Separately, analysts at Northland Securities initiated coverage on shares of Sapient Corp. 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 Northland Capital Partners initiated coverage on shares of Sapient Corp. 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. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Sapient Corp. presently has an average rating of “Hold” and a consensus target price of $14.64.
Sapient Corporation (NASDAQ:SAPE) is a global services company, which helps clients leverage marketing and technology to transform their businesses.
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