Concur Technologies EVP Sells $2,622,942 in Stock (CNQR)
Concur Technologies (NASDAQ:CNQR) EVP John M. Love sold 22,680 shares of the company’s stock on the open market in a transaction dated Monday, February 3rd. The shares were sold at an average price of $115.65, for a total transaction of $2,622,942.00. Following the completion of the sale, the executive vice president now directly owns 2,094 shares of the company’s stock, valued at approximately $242,171. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Concur Technologies (NASDAQ:CNQR) traded down 5.08% during mid-day trading on Monday, hitting $115.18. The stock had a trading volume of 2,087,794 shares. Concur Technologies has a one year low of $62.01 and a one year high of $130.39. The stock has a 50-day moving average of $105.7 and a 200-day moving average of $102.2. The company’s market cap is $6.458 billion.
Concur Technologies (NASDAQ:CNQR) last announced its earnings results 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.
A number of analysts have recently weighed in on CNQR shares. 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 research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $106.57.
Concur Technologies, Inc (NASDAQ:CNQR) is a global provider of on-demand Employee Spend Management solutions.
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