Insider Selling: Charles Kissner Unloads 12,500 Shares of Rambus Stock (RMBS)
Rambus (NASDAQ:RMBS) Director Charles Kissner sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $8.94, for a total transaction of $111,750.00. Following the completion of the transaction, the director now directly owns 16,530 shares of the company’s stock, valued at approximately $147,778. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Rambus (NASDAQ:RMBS) traded down 0.22% during mid-day trading on Friday, hitting $8.91. 1,203,357 shares of the company’s stock traded hands. Rambus has a 52-week low of $5.20 and a 52-week high of $10.85. The stock has a 50-day moving average of $9.13 and a 200-day moving average of $9.03. The company’s market cap is $1.004 billion.
Rambus (NASDAQ:RMBS) last released its earnings data on Monday, January 27th. The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.12. The company had revenue of $73.40 million for the quarter, compared to the consensus estimate of $73.33 million. During the same quarter last year, the company posted ($0.14) earnings per share. Rambus’s revenue was up 27.9% compared to the same quarter last year. On average, analysts predict that Rambus will post $0.21 earnings per share for the current fiscal year.
RMBS has been the subject of a number of recent research reports. Analysts at Jefferies Group raised their price target on shares of Rambus from $10.00 to $11.00 in a research note to investors on Tuesday. Separately, analysts at Citigroup Inc. upgraded shares of Rambus from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Rambus has a consensus rating of “Buy” and a consensus price target of $11.60.
Rambus Inc (NASDAQ:RMBS) is a technology solutions company.
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