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 on the open market in a transaction dated Thursday, October 17th. The stock was sold at an average price of $15.54, for a total value of $1,554,000.00. Following the transaction, the director now directly owns 6,022,505 shares of the company’s stock, valued at approximately $93,589,728. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Sapient Corp. (NASDAQ:SAPE) traded down 0.44% during mid-day trading on Monday, hitting $15.74. 639,334 shares of the company’s stock traded hands. Sapient Corp. has a one year low of $9.90 and a one year high of $16.15. The stock has a 50-day moving average of $15.62 and a 200-day moving average of $13.61. The company has a market cap of $2.200 billion and a price-to-earnings ratio of 30.94.
Sapient Corp. (NASDAQ:SAPE) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 12.7% on a year-over-year basis.
A number of research firms have recently commented on SAPE. 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average 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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