Monotype Imaging Holdings CFO Unloads $56,320 in Stock (TYPE)
Monotype Imaging Holdings (NASDAQ:TYPE) CFO Scott E. Landers sold 2,000 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 $28.16, for a total transaction of $56,320.00. Following the completion of the transaction, the chief financial officer now directly owns 41,782 shares of the company’s stock, valued at approximately $1,176,581. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
TYPE has been the subject of a number of recent research reports. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Monotype Imaging Holdings in a research note to investors on Friday, January 17th. They now have a $35.00 price target on the stock, up previously from $31.00. Separately, analysts at Zacks upgraded shares of Monotype Imaging Holdings from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 7th. They now have a $32.30 price target on the stock. Finally, analysts at CRT Capital initiated coverage on shares of Monotype Imaging Holdings in a research note to investors on Monday, January 6th. They set a “buy” rating and a $37.50 price target on the stock. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Monotype Imaging Holdings has a consensus rating of “Buy” and a consensus price target of $31.63.
Monotype Imaging Holdings (NASDAQ:TYPE) traded down 0.42% during mid-day trading on Wednesday, hitting $28.59. 192,311 shares of the company’s stock traded hands. Monotype Imaging Holdings has a 52 week low of $18.24 and a 52 week high of $33.25. The stock has a 50-day moving average of $30.88 and a 200-day moving average of $28.23. The company has a market cap of $1.094 billion and a price-to-earnings ratio of 36.39.
Monotype Imaging Holdings Inc (NASDAQ:TYPE) is a provider of text imaging solutions.
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