Insider Selling: Steven Martin Unloads 19,799 Shares of Ruckus Wireless Stock (RKUS)
Ruckus Wireless (NASDAQ:RKUS) VP Steven Martin unloaded 19,799 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $13.80, for a total value of $273,226.20. Following the sale, the vice president now directly owns 11,250 shares in the company, valued at approximately $155,250. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Ruckus Wireless (NASDAQ:RKUS) traded up 3.70% on Monday, hitting $14.58. 1,280,337 shares of the company’s stock traded hands. Ruckus Wireless has a 1-year low of $10.24 and a 1-year high of $26.50. The stock’s 50-day moving average is $13.41 and its 200-day moving average is $14.4. The company has a market cap of $1.151 billion and a P/E ratio of 453.55.
Ruckus Wireless (NASDAQ:RKUS) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The company had revenue of $68.90 million for the quarter, compared to the consensus estimate of $67.81 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, analysts predict that Ruckus Wireless will post $0.18 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on RKUS shares. Analysts at JMP Securities initiated coverage on shares of Ruckus Wireless in a research note to investors on Friday, December 20th. They set a “market perform” rating on the stock. Separately, analysts at Craig Hallum initiated coverage on shares of Ruckus Wireless in a research note to investors on Wednesday, December 11th. They set a “buy” rating on the stock. Finally, analysts at Stephens initiated coverage on shares of Ruckus Wireless in a research note to investors on Tuesday, December 10th. They set an “overweight” rating on the stock. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Ruckus Wireless presently has an average rating of “Buy” and an average price target of $18.16.
Ruckus Wireless, Inc (NASDAQ:RKUS) is a provider of Wi-Fi solutions.
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