Insider Selling: Concur Technologies EVP Sells 3,434 Shares of Stock (CNQR)
Concur Technologies (NASDAQ:CNQR) EVP John T. Torrey sold 3,434 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $114.17, for a total value of $392,059.78. Following the completion of the transaction, the executive vice president now directly owns 13,285 shares in the company, valued at approximately $1,516,748. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Concur Technologies (NASDAQ:CNQR) traded down 0.59% on Wednesday, hitting $113.75. 620,272 shares of the company’s stock traded hands. Concur Technologies has a 1-year low of $62.01 and a 1-year high of $130.39. The stock’s 50-day moving average is $106.3 and its 200-day moving average is $102.4. The company’s market cap is $6.378 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. Analysts expect that Concur Technologies will post $0.64 EPS for the current fiscal year.
CNQR has been the subject of a number of recent research reports. Analysts at Zacks reiterated an “outperform” rating on shares of Concur Technologies in a research note to investors on Tuesday. They now have a $153.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Concur Technologies in a research note to investors on Thursday, January 30th. They now have a $125.00 price target on the stock. Finally, 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, January 30th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $110.21.
Concur Technologies, Inc (NASDAQ:CNQR) is a global provider of on-demand Employee Spend Management solutions.
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