Insider Selling: Vincent Klinges Sells 13,325 Shares of American Software Stock (AMSWA)
American Software (NASDAQ:AMSWA) CFO Vincent Klinges sold 13,325 shares of the stock on the open market in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $9.94, for a total value of $132,450.50. Following the completion of the sale, the chief financial officer now directly owns 73,444 shares in the company, valued at approximately $730,033. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of American Software (NASDAQ:AMSWA) traded up 0.61% during mid-day trading on Thursday, hitting $9.93. The stock had a trading volume of 53,188 shares. American Software has a 52 week low of $7.54 and a 52 week high of $10.60. The stock has a 50-day moving average of $9.65 and a 200-day moving average of $8.88. The company has a market cap of $273.1 million and a P/E ratio of 28.61.
American Software (NASDAQ:AMSWA) last posted its quarterly earnings results on Tuesday, December 3rd. The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.08 by $0.06. The company had revenue of $26.90 million for the quarter, compared to the consensus estimate of $25.04 million. During the same quarter last year, the company posted $0.10 earnings per share.
AMSWA has been the subject of a number of recent research reports. Analysts at Thomson Reuters/Verus upgraded shares of American Software from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, December 24th. Separately, analysts at B. Riley reiterated a “buy” rating on shares of American Software in a research note to investors on Tuesday, November 26th. They now have a $10.25 price target on the stock, up previously from $9.50.
American Software, Inc (NASDAQ:AMSWA) develops, markets and supports a portfolio of software and services.
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