Concur Technologies COO Sells $4,800,644 in Stock (CNQR)
Concur Technologies (NASDAQ:CNQR) COO Rajeev Singh sold 44,471 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $107.95, for a total value of $4,800,644.45. Following the completion of the transaction, the chief operating officer now directly owns 140,884 shares in the company, valued at approximately $15,208,428. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Concur Technologies (NASDAQ:CNQR) traded up 0.38% on Friday, hitting $111.98. 283,652 shares of the company’s stock traded hands. Concur Technologies has a one year low of $62.01 and a one year high of $114.32. The stock’s 50-day moving average is $99.15 and its 200-day moving average is $99.69. The company’s market cap is $6.277 billion.
Concur Technologies (NASDAQ:CNQR) last released its earnings data on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 31.5% on a year-over-year basis. On average, analysts predict that Concur Technologies will post $0.70 earnings per share for the current fiscal year.
A number of research firms have recently commented on CNQR. 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 analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. The stock presently has an average 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.
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