Insider Selling: Concur Technologies CFO Sells 1,000 Shares of Stock (CNQR)
Concur Technologies (NASDAQ:CNQR) CFO Francis J. Pelzer sold 1,000 shares of Concur Technologies stock on the open market in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $84.02, for a total value of $84,020.00. Following the transaction, the chief financial officer now directly owns 29,869 shares of the company’s stock, valued at approximately $2,509,593. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on CNQR shares. Analysts at Goldman Sachs cut their price target on shares of Concur Technologies from $90.00 to $77.00 in a research note on Thursday, May 22nd. Separately, analysts at Nomura reiterated a “buy” rating on shares of Concur Technologies in a research note on Friday, May 16th. They now have a $120.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Concur Technologies in a research note on Thursday, May 8th. They now have a $95.00 price target on the stock, down previously from $110.00. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $105.46.
Shares of Concur Technologies (NASDAQ:CNQR) traded down 1.48% on Monday, hitting $84.11. 560,803 shares of the company’s stock traded hands. Concur Technologies has a one year low of $74.43 and a one year high of $130.39. The stock’s 50-day moving average is $84.79 and its 200-day moving average is $100.6. The company’s market cap is $4.784 billion.
Concur Technologies (NASDAQ:CNQR) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.06. The company had revenue of $167.01 million for the quarter, compared to the consensus estimate of $165.81 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 31.1% on a year-over-year basis. Analysts expect that Concur Technologies will post $0.62 EPS for the current fiscal year.
Concur Technologies, Inc (NASDAQ:CNQR) is a provider of integrated travel and expense management solutions for companies of all industries, sizes, and geographies.
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.