Comverse CEO Philippe Tartavull Buys 4,300 Shares (CNSI)
Comverse (NASDAQ:CNSI) CEO Philippe Tartavull purchased 4,300 shares of Comverse stock on the open market in a transaction that occurred on Wednesday, June 11th. The shares were purchased at an average cost of $23.09 per share, with a total value of $99,287.00. Following the acquisition, the chief executive officer now directly owns 69,742 shares of the company’s stock, valued at approximately $1,610,343. The transaction was disclosed in a filing with the SEC, which is available at this link.
Separately, analysts at Oppenheimer cut their price target on shares of Comverse from $44.00 to $36.00 in a research note on Wednesday, April 16th. They now have an “outperform” rating on the stock.
Shares of Comverse (NASDAQ:CNSI) traded down 0.42% during mid-day trading on Thursday, hitting $23.60. 228,633 shares of the company’s stock traded hands. Comverse has a 1-year low of $22.00 and a 1-year high of $40.30. The stock’s 50-day moving average is $24.32 and its 200-day moving average is $32.58. The company has a market cap of $525.3 million and a P/E ratio of 28.55.
Comverse (NASDAQ:CNSI) last issued its quarterly earnings data on Monday, June 9th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $0.66. The company had revenue of $19.13 million for the quarter, compared to the consensus estimate of $113.33 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. On average, analysts predict that Comverse will post $-0.54 earnings per share for the current fiscal year.
Comverse, Inc (NASDAQ:CNSI) is a provider of software and systems enabling services for converged billing and active customer management, mobile Internet, and value-added services.
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