Insider Selling: Sapient Corp. SVP Unloads 17,500 Shares of Stock (SAPE)
Sapient Corp. (NASDAQ:SAPE) SVP Alan M. Wexler unloaded 17,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $16.59, for a total value of $290,325.00. Following the sale, the senior vice president now directly owns 328,795 shares of the company’s stock, valued at approximately $5,454,709. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Sapient Corp. (NASDAQ:SAPE) traded down 1.74% on Wednesday, hitting $16.33. 536,110 shares of the company’s stock traded hands. Sapient Corp. has a 1-year low of $12.31 and a 1-year high of $17.95. The stock has a 50-day moving average of $16.36 and a 200-day moving average of $16.53. The company has a market cap of $2.315 billion and a price-to-earnings ratio of 28.22.
Sapient Corp. (NASDAQ:SAPE) last released its earnings data on Tuesday, May 6th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.10 by $0.06. The company had revenue of $353.20 million for the quarter, compared to the consensus estimate of $333.51 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 16.6% on a year-over-year basis. Analysts expect that Sapient Corp. will post $0.68 EPS for the current fiscal year.
Separately, analysts at SunTrust initiated coverage on shares of Sapient Corp. in a research note on Monday, March 24th. They set a “buy” rating and a $22.00 price target on the stock. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $17.00.
Sapient Corporation (NASDAQ:SAPE) is a global services company, which helps clients leverage marketing and technology to transform their businesses.
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.