Insider Selling: Martha Helena Bejar Unloads 3,333 Shares of Polycom Stock (PLCM)
Polycom (NASDAQ:PLCM) Director Martha Helena Bejar sold 3,333 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $11.76, for a total value of $39,196.08. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on PLCM shares. Analysts at Citigroup Inc. initiated coverage on shares of Polycom in a research note to investors on Tuesday, December 10th. They set a “neutral” rating on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Polycom in a research note to investors on Tuesday, November 12th. They now have a $11.00 price target on the stock. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $11.00.
Polycom (NASDAQ:PLCM) traded up 2.66% on Friday, hitting $12.37. 3,649,361 shares of the company’s stock traded hands. Polycom has a one year low of $9.00 and a one year high of $12.40. The stock’s 50-day moving average is $11.64 and its 200-day moving average is $10.78. The company’s market cap is $1.670 billion.
Polycom (NASDAQ:PLCM) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The company had revenue of $348.00 million for the quarter, compared to the consensus estimate of $341.62 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. Analysts expect that Polycom will post $0.72 EPS for the current fiscal year.
Polycom, Inc is a provider of unified communications (NASDAQ:PLCM) solutions and a provider of telepresence, video, voice and infrastructure solutions based on open standards.
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