Insider Selling: Charles Constanti Unloads 2,500 Shares of Procera Networks Stock (PKT)
Procera Networks (NYSE:PKT) CFO Charles Constanti sold 2,500 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $15.00, for a total value of $37,500.00. Following the transaction, the chief financial officer now directly owns 42,800 shares in the company, valued at approximately $642,000. The transaction was disclosed in a filing with the SEC, which is available at this link.
Separately, analysts at DA Davidson initiated coverage on shares of Procera Networks in a research note to investors on Friday, December 13th. They set a “buy” rating and a $19.00 price target on the stock. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $18.81.
Shares of Procera Networks (NYSE:PKT) traded down 2.40% during mid-day trading on Thursday, hitting $14.66. The stock had a trading volume of 316,868 shares. Procera Networks has a 52 week low of $10.12 and a 52 week high of $19.67. The stock’s 50-day moving average is $14.56 and its 200-day moving average is $14.29. The company’s market cap is $298.3 million.
Procera Networks (NYSE:PKT) last posted its quarterly earnings results on Monday, November 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.05. The company had revenue of $21.33 million for the quarter, compared to the consensus estimate of $20.61 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 32.8% on a year-over-year basis.
Procera Networks, Inc (NYSE:PKT) is a provider of intelligent policy enforcement solutions that enables mobile and broadband network operators and entities managing private networks, including higher education institutions, businesses and government entities to gain control of their networks.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.