Insider Selling: Concur Technologies CFO Unloads 1,000 Shares of Stock (CNQR)
Concur Technologies (NASDAQ:CNQR) CFO Francis Pelzer sold 1,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $101.33, for a total value of $101,330.00. Following the transaction, the chief financial officer now directly owns 21,756 shares in the company, valued at approximately $2,204,535. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Concur Technologies (NASDAQ:CNQR) traded up 0.49% during mid-day trading on Friday, hitting $101.48. The stock had a trading volume of 192,307 shares. Concur Technologies has a 52 week low of $62.01 and a 52 week high of $114.32. The stock has a 50-day moving average of $96.33 and a 200-day moving average of $97.79. The company’s market cap is $5.688 billion.
Concur Technologies (NASDAQ:CNQR) last announced its earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.13. The company had revenue of $154.20 million for the quarter, compared to the consensus estimate of $152.13 million. During the same quarter last year, the company posted $0.40 earnings per share. Concur Technologies’s revenue was up 31.5% compared to the same quarter last year.
A number of analysts have recently weighed in on CNQR shares. Analysts at Zacks reiterated a “neutral” rating on shares of Concur Technologies in a research note to investors on Friday, November 15th. They now have a $102.00 price target on the stock. Separately, analysts at Nomura raised their price target on shares of Concur Technologies from $110.00 to $120.00 in a research note to investors on Thursday, November 7th. They now have a “buy” rating on the stock. Finally, analysts at Merrill Lynch downgraded shares of Concur Technologies from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $99.71.
Concur Technologies, Inc (NASDAQ:CNQR) is a global provider of on-demand Employee Spend Management solutions.
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.