Insider Selling: Bridgepoint Education EVP Sells 37,969 Shares of Stock (BPI)
Bridgepoint Education (NYSE:BPI) EVP Rodney T. Sheng sold 37,969 shares of the stock on the open market in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $18.30, for a total value of $694,832.70. Following the transaction, the executive vice president now directly owns 64,680 shares of the company’s stock, valued at approximately $1,183,644. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Bridgepoint Education (NYSE:BPI) opened at 18.04 on Thursday. Bridgepoint Education has a 52-week low of $9.51 and a 52-week high of $20.33. The stock’s 50-day moving average is $17.62 and its 200-day moving average is $17.67. The company has a market cap of $984.6 million and a price-to-earnings ratio of 15.42.
Separately, analysts at Zacks upgraded shares of Bridgepoint Education from an “underperform” rating to a “neutral” rating in a research note on Monday, December 16th. They now have a $17.20 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $13.46.
Bridgepoint Education, Inc (NYSE:BPI) is a provider of postsecondary education services.
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