Insider Selling: ICG Group President Unloads 10,000 Shares of Stock (ICGE)
ICG Group (NASDAQ:ICGE) President Douglas A. Alexander unloaded 10,000 shares of the company’s stock on the open market in a transaction dated Monday, April 21st. The shares were sold at an average price of $21.08, for a total value of $210,800.00. Following the transaction, the president now directly owns 1,588,737 shares in the company, valued at approximately $33,490,576. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
ICG Group (NASDAQ:ICGE) traded down 1.54% on Wednesday, hitting $21.67. 153,429 shares of the company’s stock traded hands. ICG Group has a 1-year low of $10.33 and a 1-year high of $22.36. The stock’s 50-day moving average is $20.61 and its 200-day moving average is $18.58. The company has a market cap of $802.4 million and a P/E ratio of 3.46.
ICG Group (NASDAQ:ICGE) last announced its earnings results on Thursday, February 20th. The company reported ($0.09) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.10) by $0.01. The company had revenue of $17.70 million for the quarter, compared to the consensus estimate of $17.40 million. On average, analysts predict that ICG Group will post $-0.40 earnings per share for the current fiscal year.
A number of research firms have recently commented on ICGE. Analysts at Evercore Partners initiated coverage on shares of ICG Group in a research note on Wednesday, March 12th. They set an “overweight” rating and a $27.00 price target on the stock. Analysts at Northland Securities raised their price target on shares of ICG Group to $24.00 in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $22.53.
ICG Group, Inc (NASDAQ:ICGE), formerly Internet Capital Group, Inc, acquires and builds Internet software and services companies.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.