Insider Selling: Apollo Group CAO Sells 1,195 Shares of Stock (APOL)
Apollo Group (NASDAQ:APOL) CAO Gregory James Iverson unloaded 1,195 shares of Apollo Group stock on the open market in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $31.74, for a total transaction of $37,929.30. Following the completion of the sale, the chief accounting officer now directly owns 41,994 shares in the company, valued at approximately $1,332,890. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Apollo Group (NASDAQ:APOL) traded up 0.93% during mid-day trading on Thursday, hitting $32.70. The stock had a trading volume of 2,463,013 shares. Apollo Group has a one year low of $15.98 and a one year high of $35.92. The stock has a 50-day moving average of $29.19 and a 200-day moving average of $23.57. The company has a market cap of $3.685 billion and a P/E ratio of 17.19.
Apollo Group (NASDAQ:APOL) last posted its quarterly earnings results on Tuesday, January 7th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.22 earnings per share. The company’s revenue for the quarter was down 18.8% on a year-over-year basis. On average, analysts predict that Apollo Group will post $2.26 earnings per share for the current fiscal year.
A number of research firms have recently commented on APOL. Analysts at Barclays downgraded shares of Apollo Group from an “equal weight” rating to an “underweight” rating in a research note to investors on Wednesday. They now have a $29.00 price target on the stock, up previously from $20.00. Separately, analysts at Zacks upgraded shares of Apollo Group from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, January 24th. They now have a $42.00 price target on the stock. Finally, 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, January 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $29.86.
Apollo Group, Inc (NASDAQ:APOL) is a private education provider.
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