Insider Selling: American Public Education CEO Sells 1,700 Shares of Stock (APEI)
American Public Education (NASDAQ:APEI) CEO Wallace E. Jr. Boston sold 1,700 shares of the stock on the open market in a transaction dated Thursday, June 5th. The stock was sold at an average price of $35.00, for a total transaction of $59,500.00. Following the completion of the transaction, the chief executive officer now directly owns 259,533 shares in the company, valued at approximately $9,083,655. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of American Public Education (NASDAQ:APEI) traded up 2.05% during mid-day trading on Monday, hitting $35.30. The stock had a trading volume of 549,533 shares. American Public Education has a 52-week low of $32.51 and a 52-week high of $46.69. The stock’s 50-day moving average is $35. and its 200-day moving average is $39.37. The company has a market cap of $616.9 million and a price-to-earnings ratio of 14.97.
American Public Education (NASDAQ:APEI) last released its earnings data on Thursday, May 8th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.12. The company had revenue of $88.60 million for the quarter, compared to the consensus estimate of $85.16 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, analysts predict that American Public Education will post $2.21 earnings per share for the current fiscal year.
Separately, analysts at Zacks downgraded shares of American Public Education from a “neutral” rating to an “underperform” rating in a research note on Thursday, April 10th. They now have a $31.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. American Public Education currently has a consensus rating of “Hold” and a consensus price target of $38.25.
American Public Education, Inc is a provider of online postsecondary education with an emphasis on serving the needs of the military and public service communities.
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