Insider Selling: Virtusa Corp EVP Unloads 2,834 Shares of Stock (VRTU)
Virtusa Corp (NASDAQ:VRTU) EVP Samir Dhir sold 2,834 shares of Virtusa Corp stock on the open market in a transaction dated Friday, June 6th. The stock was sold at an average price of $34.71, for a total transaction of $98,368.14. Following the sale, the executive vice president now directly owns 40,302 shares of the company’s stock, valued at approximately $1,398,882. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Virtusa Corp (NASDAQ:VRTU) traded up 1.50% during mid-day trading on Friday, hitting $34.57. 172,159 shares of the company’s stock traded hands. Virtusa Corp has a 52 week low of $21.29 and a 52 week high of $38.49. The stock’s 50-day moving average is $33.91 and its 200-day moving average is $34.90. The company has a market cap of $1.010 billion and a price-to-earnings ratio of 26.82.
Virtusa Corp (NASDAQ:VRTU) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.35 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.21) by $0.56. The company had revenue of $111.10 million for the quarter, compared to the consensus estimate of $111.53 million. During the same quarter last year, the company posted $0.35 earnings per share. Virtusa Corp’s revenue was up 23.6% compared to the same quarter last year. On average, analysts predict that Virtusa Corp will post $1.52 earnings per share for the current fiscal year.
Virtusa Corporation is an information technology services company. The Company uses an offshore delivery model to provide a broad range of information technology (NASDAQ:VRTU), services, including IT consulting, technology implementation and application outsourcing.
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