Insider Selling: David Godfrey Sells 3,680 Shares of Gartner Stock (IT)
Gartner (NYSE:IT) SVP David Godfrey sold 3,680 shares of Gartner stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $70.50, for a total transaction of $259,440.00. Following the completion of the transaction, the senior vice president now directly owns 10,507 shares of the company’s stock, valued at approximately $740,744. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Gartner (NYSE:IT) traded down 0.41% on Wednesday, hitting $70.11. The stock had a trading volume of 382,385 shares. Gartner has a one year low of $55.53 and a one year high of $75.61. The stock’s 50-day moving average is $69.03 and its 200-day moving average is $67.9. The company has a market cap of $6.326 billion and a price-to-earnings ratio of 36.07.
Gartner (NYSE:IT) last announced its earnings results on Thursday, May 1st. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.08. The company had revenue of $446.70 million for the quarter, compared to the consensus estimate of $433.22 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. Analysts expect that Gartner will post $2.10 EPS for the current fiscal year.
A number of research firms have recently commented on IT. Analysts at Barclays raised their price target on shares of Gartner from $72.00 to $80.00 in a research note on Friday, May 2nd. They now have an “equal weight” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Gartner from $69.00 to $75.00 in a research note on Friday, May 2nd. Finally, analysts at Zacks upgraded shares of Gartner from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 8th. They now have a $67.90 price target on the stock. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $74.61.
Gartner, Inc (NYSE:IT) is an information technology (IT) research and advisory company.
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