Insider Selling: Concur Technologies EVP Sells 10,613 Shares of Stock (CNQR)
Concur Technologies (NASDAQ:CNQR) EVP Michael L. Eberhard unloaded 10,613 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $115.63, for a total transaction of $1,227,181.19. Following the sale, the executive vice president now directly owns 17,440 shares in the company, valued at approximately $2,016,587. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Concur Technologies (NASDAQ:CNQR) traded up 2.47% during mid-day trading on Friday, hitting $115.97. The stock had a trading volume of 678,738 shares. 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 $108.2 and its 200-day moving average is $102.7. The company’s market cap is $6.503 billion.
Concur Technologies (NASDAQ:CNQR) last posted its quarterly 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 previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter 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 research 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 stock currently has a consensus rating of “Hold” and an average price target of $110.21.
Concur Technologies, Inc (NASDAQ:CNQR) is a global provider of on-demand Employee Spend Management solutions.
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