Responsys Insider Sells $264,895 in Stock (MKTG)
Responsys (NASDAQ:MKTG) Insider Scott Olrich sold 15,500 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $17.09, for a total value of $264,895.00. Following the sale, the insider now directly owns 337,500 shares in the company, valued at approximately $5,767,875. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on MKTG shares. 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $18.13.
Shares of Responsys (NASDAQ:MKTG) traded up 4.92% on Thursday, hitting $17.90. The stock had a trading volume of 431,533 shares. Responsys has a 52-week low of $5.47 and a 52-week high of $16.93. The stock’s 50-day moving average is $14.62 and its 200-day moving average is $11.41. The company has a market cap of $901.2 million and a P/E ratio of 167.25.
Responsys (NASDAQ:MKTG) last posted its quarterly earnings results 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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