Insider Buying: Rgm Capital, Llc Buys 16,166 Shares of Accelrys Stock (ACCL)
Accelrys (NASDAQ:ACCL) major shareholder Rgm Capital, Llc bought 16,166 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were purchased at an average cost of $9.50 per share, for a total transaction of $153,577.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Accelrys (NASDAQ:ACCL) traded down 0.41% on Wednesday, hitting $9.68. The stock had a trading volume of 611,006 shares. Accelrys has a 1-year low of $7.75 and a 1-year high of $10.00. The stock has a 50-day moving average of $9.35 and a 200-day moving average of $9.23. The company’s market cap is $538.8 million.
Accelrys (NASDAQ:ACCL) last released its earnings data on Wednesday, October 30th. The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.10 by $0.04. The company had revenue of $44.30 million for the quarter, compared to the consensus estimate of $43.85 million. Accelrys’s revenue was up 2.1% compared to the same quarter last year. Analysts expect that Accelrys will post $0.34 EPS for the current fiscal year.
Separately, analysts at Zacks upgraded shares of Accelrys from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, December 26th. They now have a $10.30 price target on the stock.
Accelrys, Inc develops and commercializes scientific informatics software products and services for industries and organizations.
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.