inContact Insider Bassam Salem Sells 2,000 Shares (SAAS)
inContact (NASDAQ:SAAS) Insider Bassam Salem sold 2,000 shares of inContact stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $8.40, for a total value of $16,800.00. Following the completion of the transaction, the insider now directly owns 32,424 shares in the company, valued at approximately $272,362. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
inContact (NASDAQ:SAAS) traded up 1.76% during mid-day trading on Monday, hitting $8.69. 198,971 shares of the company’s stock traded hands. inContact has a 52 week low of $5.92 and a 52 week high of $9.77. The stock has a 50-day moving average of $8.71 and a 200-day moving average of $8.18. The company’s market cap is $481.8 million.
SAAS has been the subject of a number of recent research reports. Analysts at Oppenheimer initiated coverage on shares of inContact in a research note to investors on Wednesday, January 29th. They set a “market perform” rating on the stock. Analysts at Northland Capital Partners raised their price target on shares of inContact from $10.00 to $11.50 in a research note to investors on Wednesday, January 22nd. They now have an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $9.70.
inContact, Inc (NASDAQ:SAAS) is a provider of cloud-based contact center solutions.
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