Apollo Group CFO Sells $1,539,745 in Stock (APOL)
Apollo Group (NASDAQ:APOL) CFO Brian L. Swartz sold 50,500 shares of the company’s stock on the open market in a transaction dated Friday, January 10th. The stock was sold at an average price of $30.49, for a total transaction of $1,539,745.00. Following the sale, the chief financial officer now directly owns 96,625 shares in the company, valued at approximately $2,946,096. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on APOL. Analysts at Ned Davis Research upgraded shares of Apollo Group from a “neutral” rating to a “buy” rating in a research note to investors on Monday. Separately, analysts at Deutsche Bank raised their price target on shares of Apollo Group from $24.00 to $28.00 in a research note to investors on Wednesday, January 8th. They now have a “hold” rating on the stock. Finally, analysts at Compass Point upgraded shares of Apollo Group from a “sell” rating to a “neutral” rating in a research note to investors on Wednesday, January 8th. They now have a $30.00 price target on the stock, up previously from $20.00. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $26.43.
Shares of Apollo Group (NASDAQ:APOL) traded up 0.33% on Monday, hitting $30.52. 2,337,631 shares of the company’s stock traded hands. Apollo Group has a 1-year low of $15.98 and a 1-year high of $31.94. The stock’s 50-day moving average is $26.51 and its 200-day moving average is $22.22. The company has a market cap of $3.439 billion and a P/E ratio of 16.14.
Apollo Group (NASDAQ:APOL) last issued its quarterly earnings data on Tuesday, January 7th. The company reported $1.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.91 by $0.13. The company had revenue of $856.30 million for the quarter, compared to the consensus estimate of $860.58 million. During the same quarter last year, the company posted $1.22 earnings per share. Apollo Group’s revenue was down 18.8% compared to the same quarter last year. Analysts expect that Apollo Group will post $2.24 EPS for the current fiscal year.
Apollo Group, Inc (NASDAQ:APOL) is a private education provider.
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.