Concur Technologies CEO Sudhir Steven Singh Sells 7,500 Shares (CNQR)
Concur Technologies (NASDAQ:CNQR) CEO Sudhir Steven Singh unloaded 7,500 shares of the company’s stock on the open market in a transaction dated Monday, February 3rd. The stock was sold at an average price of $116.77, for a total transaction of $875,775.00. Following the transaction, the chief executive officer now directly owns 636,531 shares in the company, valued at approximately $74,327,725. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
CNQR has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Concur Technologies in a research note to investors on Thursday. They now have a $125.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of Concur Technologies from $125.00 to $135.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Concur Technologies from $97.00 to $115.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. Concur Technologies currently has a consensus rating of “Hold” and a consensus target price of $106.57.
Concur Technologies (NASDAQ:CNQR) traded down 5.08% on Monday, hitting $115.18. 2,087,794 shares of the company’s stock traded hands. Concur Technologies has a 52 week low of $62.01 and a 52 week high of $130.39. The stock’s 50-day moving average is $105.0 and its 200-day moving average is $101.8. The company’s market cap is $6.458 billion.
Concur Technologies (NASDAQ:CNQR) last released its earnings data on Wednesday, January 29th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.08. The company had revenue of $163.10 million for the quarter, compared to the consensus estimate of $156.24 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 32.8% on a year-over-year basis. On average, analysts predict that Concur Technologies will post $0.66 earnings per share for the current fiscal year.
Concur Technologies, Inc (NASDAQ:CNQR) is a global provider of on-demand Employee Spend Management solutions.
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