Insider Selling: John Harris Unloads 15,000 Shares of Hackett Group Stock (HCKT)
Hackett Group (NASDAQ:HCKT) Director John Harris unloaded 15,000 shares of Hackett Group stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $7.37, for a total value of $110,550.00. Following the completion of the sale, the director now directly owns 62,409 shares of the company’s stock, valued at approximately $459,954. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Hackett Group (NASDAQ:HCKT) traded up 2.28% during mid-day trading on Friday, hitting $7.18. The stock had a trading volume of 171,226 shares. Hackett Group has a one year low of $3.20 and a one year high of $7.48. The stock’s 50-day moving average is $6.72 and its 200-day moving average is $5.65. The company has a market cap of $227.0 million and a P/E ratio of 15.57.
Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.02. The company had revenue of $59.00 million for the quarter, compared to the consensus estimate of $56.65 million. On average, analysts predict that Hackett Group will post $0.46 earnings per share for the current fiscal year.
A number of research firms have recently commented on HCKT. Analysts at Thomson Reuters/Verus upgraded shares of Hackett Group from a “hold” rating to a “buy” rating in a research note to investors on Monday, September 16th. Separately, analysts at Griffin Securities raised their price target on shares of Hackett Group from $6.00 to $8.00 in a research note to investors on Wednesday, August 7th. They now have a “buy” rating on the stock. They noted that the move was a valuation call. Finally, analysts at Craig Hallum upgraded shares of Hackett Group from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, August 7th. They now have a $7.00 price target on the stock, up previously from $6.00.
The Hackett Group, Inc (NASDAQ:HCKT) is a global advisory firm.
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