Insider Selling: Concur Technologies Director Sells 4,000 Shares of Stock (CNQR)
Concur Technologies (NASDAQ:CNQR) Director Jeffrey Thomas Mccabe unloaded 4,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $86.10, for a total transaction of $344,400.00. Following the completion of the transaction, the director now directly owns 19,207 shares of the company’s stock, valued at approximately $1,653,723. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Concur Technologies (NASDAQ:CNQR) traded down 1.48% on Monday, hitting $84.11. The stock had a trading volume of 560,803 shares. Concur Technologies has a 52-week low of $74.43 and a 52-week high of $130.39. The stock has a 50-day moving average of $84.5 and a 200-day moving average of $100.6. The company’s market cap is $4.784 billion.
Concur Technologies (NASDAQ:CNQR) last released its earnings data on Tuesday, April 29th. The company reported $0.15 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.24 earnings per share. Concur Technologies’s revenue was up 31.1% compared to the same quarter last year. On average, analysts predict that Concur Technologies will post $0.62 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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 investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Concur Technologies currently has a consensus rating of “Hold” and a consensus target price of $105.46.
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.