Insider Selling: ShoreTel Director Sells 4,752 Shares of Stock (SHOR)
ShoreTel (NASDAQ:SHOR) Director Charles Kissner sold 4,752 shares of the stock on the open market in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $6.92, for a total value of $32,883.84. Following the completion of the sale, the director now directly owns 78,520 shares in the company, valued at approximately $543,358. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
ShoreTel (NASDAQ:SHOR) traded up 1.06% on Thursday, hitting $6.70. 271,222 shares of the company’s stock traded hands. ShoreTel has a 52 week low of $3.52 and a 52 week high of $9.81. The stock’s 50-day moving average is $7.19 and its 200-day moving average is $8.1. The company’s market cap is $418.9 million.
ShoreTel (NASDAQ:SHOR) last announced its earnings results on Thursday, April 24th. The company reported $0.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.02. The company had revenue of $82.40 million for the quarter, compared to the consensus estimate of $82.66 million. During the same quarter last year, the company posted ($0.01) earnings per share. ShoreTel’s revenue was up 5.2% compared to the same quarter last year. Analysts expect that ShoreTel will post $0.21 EPS for the current fiscal year.
ShoreTel, Inc is a provider of business communication solutions. The Company’s unified communications (NASDAQ:SHOR) and contact center solutions are based on its Internet protocol (IP) business phone system (IP-PBX).