Insider Selling: Xcerra Corp CEO Unloads 9,300 Shares of Stock (XCRA)
Xcerra Corp (NASDAQ:XCRA) CEO David G. Tacelli sold 9,300 shares of the company’s stock on the open market in a transaction dated Thursday, June 5th. The stock was sold at an average price of $9.08, for a total transaction of $84,444.00. Following the completion of the transaction, the chief executive officer now directly owns 893,849 shares in the company, valued at approximately $8,116,149. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Xcerra Corp (NASDAQ:XCRA) traded up 1.40% during mid-day trading on Friday, hitting $9.40. The stock had a trading volume of 202,911 shares. Xcerra Corp has a 52 week low of $4.05 and a 52 week high of $10.95. The stock’s 50-day moving average is $9.31 and its 200-day moving average is $8.6. The company’s market cap is $454.5 million.
Xcerra Corp (NASDAQ:XCRA) last released its earnings data on Thursday, May 22nd. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.04. The company had revenue of $105.42 million for the quarter, compared to the consensus estimate of $102.81 million. During the same quarter in the prior year, the company posted ($0.08) earnings per share. The company’s quarterly revenue was up 190.4% on a year-over-year basis. On average, analysts predict that Xcerra Corp will post $-0.01 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on XCRA shares. Analysts at Zacks downgraded shares of Xcerra Corp from an “outperform” rating to a “neutral” rating in a research note on Friday, May 23rd. They now have a $11.00 price target on the stock. Separately, analysts at Needham & Company LLC raised their price target on shares of Xcerra Corp from $12.00 to $13.00 in a research note on Friday, May 23rd. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $11.75.
Xcerra Corp, formerly LTX-Credence Corporation, provides focused, automated test equipment (NASDAQ:XCRA) solutions for the semiconductor industry.
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