Virtusa Corp CEO Unloads $643,500 in Stock (VRTU)
Virtusa Corp (NASDAQ:VRTU) CEO Kris A. Canekeratne sold 18,000 shares of the stock on the open market in a transaction dated Monday, February 10th. The shares were sold at an average price of $35.75, for a total transaction of $643,500.00. Following the sale, the chief executive officer now directly owns 1,033,521 shares in the company, valued at approximately $36,948,376. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Virtusa Corp (NASDAQ:VRTU) traded up 1.25% on Tuesday, hitting $36.50. 99,174 shares of the company’s stock traded hands. Virtusa Corp has a 1-year low of $20.38 and a 1-year high of $38.49. The stock’s 50-day moving average is $35.63 and its 200-day moving average is $31.59. The company has a market cap of $1.065 billion and a price-to-earnings ratio of 28.43.
Virtusa Corp (NASDAQ:VRTU) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.35 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.35. The company had revenue of $101.00 million for the quarter, compared to the consensus estimate of $101.15 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. On average, analysts predict that Virtusa Corp will post $1.29 earnings per share for the current fiscal year.
Virtusa Corporation is an information technology services company. The Company uses an offshore delivery model to provide a broad range of information technology (NASDAQ:VRTU), services, including IT consulting, technology implementation and application outsourcing.
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