Gartner CFO Sells $2,493,255 in Stock (IT)
Gartner (NYSE:IT) CFO Christopher Lafond unloaded 34,725 shares of the stock on the open market in a transaction dated Thursday, June 5th. The shares were sold at an average price of $71.80, for a total value of $2,493,255.00. Following the completion of the sale, the chief financial officer now directly owns 41,835 shares of the company’s stock, valued at approximately $3,003,753. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Gartner (NYSE:IT) traded up 0.07% during mid-day trading on Friday, hitting $72.05. The stock had a trading volume of 527,031 shares. Gartner has a 52 week low of $55.53 and a 52 week high of $75.61. The stock’s 50-day moving average is $70.14 and its 200-day moving average is $68.76. The company has a market cap of $6.501 billion and a P/E ratio of 36.89.
Gartner (NYSE:IT) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.08. The company had revenue of $446.70 million for the quarter, compared to the consensus estimate of $433.22 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. Analysts expect that Gartner will post $2.12 EPS for the current fiscal year.
IT has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of Gartner from $72.00 to $80.00 in a research note on Friday, May 2nd. They now have an “equal weight” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Gartner from $69.00 to $75.00 in a research note on Friday, May 2nd. Finally, analysts at Zacks upgraded shares of Gartner from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 8th. They now have a $67.90 price target on the stock. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $74.61.
Gartner, Inc (NYSE:IT) is an information technology (IT) research and advisory company.
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.