Apollo Group Insider John Sperling Unloads 600,000 Shares (APOL)
Apollo Group (NASDAQ:APOL) Insider John Sperling unloaded 600,000 shares of Apollo Group stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $27.78, for a total value of $16,668,000.00. Following the completion of the transaction, the insider now directly owns 42,927 shares of the company’s stock, valued at approximately $1,192,512. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Apollo Group (NASDAQ:APOL) traded up 1.07% on Tuesday, hitting $28.25. The stock had a trading volume of 2,654,489 shares. Apollo Group has a 1-year low of $15.98 and a 1-year high of $30.05. The stock has a 50-day moving average of $19.39 and a 200-day moving average of $18.7. The company has a market cap of $3.204 billion and a P/E ratio of 12.76.
Apollo Group (NASDAQ:APOL) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.25 by $0.06. The company had revenue of $845.00 million for the quarter, compared to the consensus estimate of $823.60 million. During the same quarter last year, the company posted $0.52 earnings per share. Apollo Group’s revenue was down 15.2% compared to the same quarter last year. On average, analysts predict that Apollo Group will post $2.10 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Compass Point raised their price target on shares of Apollo Group from $15.00 to $20.00 in a research note to investors on Thursday, October 24th. They now have a “sell” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Apollo Group from $18.00 to $24.00 in a research note to investors on Wednesday, October 23rd. They now have a “hold” rating on the stock. Finally, analysts at Stifel Nicolaus upgraded shares of Apollo Group from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, October 23rd. They now have a $30.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. Apollo Group currently has a consensus rating of “Hold” and a consensus price target of $24.11.
Apollo Group, Inc (NASDAQ:APOL) is a private education provider.
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