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Virtusa Corp (NASDAQ:VRTU) CEO Kris A. Canekeratne unloaded 12,000 shares of Virtusa Corp stock on the open market in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $34.93, for a total value of $419,160.00. Following the sale, the chief executive officer now directly owns 1,003,521 shares of the company’s stock, valued at approximately $35,052,989. The transaction was disclosed in a filing with the SEC, which is available at this link.

Virtusa Corp (NASDAQ:VRTU) traded up 2.79% on Wednesday, hitting $35.79. The stock had a trading volume of 153,398 shares. Virtusa Corp has a 1-year low of $21.29 and a 1-year high of $38.49. The stock’s 50-day moving average is $33.4 and its 200-day moving average is $34.82. The company has a market cap of $1.001 billion and a price-to-earnings ratio of 27.42.

Virtusa Corp (NASDAQ:VRTU) last released its earnings data on Monday, May 12th. The company reported $0.35 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.21) by $0.56. The company had revenue of $111.10 million for the quarter, compared to the consensus estimate of $111.53 million. During the same quarter last year, the company posted $0.35 earnings per share. Virtusa Corp’s revenue was up 23.6% compared to the same quarter last year. Analysts expect that Virtusa Corp will post $1.52 EPS 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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