Insider Selling: Responsys Insider Sells 1,830 Shares of Stock (MKTG)
Responsys (NASDAQ:MKTG) Insider Edward Henrich unloaded 1,830 shares of Responsys stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $16.37, for a total value of $29,957.10. Following the sale, the insider now directly owns 37,191 shares in the company, valued at approximately $608,817. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Responsys (NASDAQ:MKTG) traded up 0.88% during mid-day trading on Tuesday, hitting $17.18. 241,312 shares of the company’s stock traded hands. Responsys has a 52 week low of $5.47 and a 52 week high of $16.93. The stock has a 50-day moving average of $14.62 and a 200-day moving average of $11.41. The company has a market cap of $865.0 million and a P/E ratio of 166.96.
Responsys (NASDAQ:MKTG) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.02 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.03 earnings per share. Responsys’s revenue was up 25.3% compared to the same quarter last year. Analysts expect that Responsys will post $0.15 EPS for the current fiscal year.
MKTG has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Responsys from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 8th. They now have a $16.80 price target on the stock. Separately, analysts at Morgan Stanley upgraded shares of Responsys 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. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Responsys presently has a consensus rating of “Buy” and a consensus target price of $18.13.
Responsys, Inc (NASDAQ:MKTG) is a provider of on-demand software and professional services.
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