Sapient Corp. Director Silvia Lagnado Acquires 1,330 Shares (SAPE)
Sapient Corp. (NASDAQ:SAPE) Director Silvia Lagnado purchased 1,330 shares of Sapient Corp. stock on the open market in a transaction that occurred on Thursday, June 12th. The stock was purchased at an average cost of $16.28 per share, with a total value of $21,652.40. Following the transaction, the director now directly owns 12,064 shares in the company, valued at approximately $196,402. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Separately, analysts at SunTrust initiated coverage on shares of Sapient Corp. in a research note on Monday, March 24th. They set a “buy” rating and a $22.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $17.00.
Shares of Sapient Corp. (NASDAQ:SAPE) traded down 1.35% during mid-day trading on Thursday, hitting $16.10. The stock had a trading volume of 525,665 shares. Sapient Corp. has a 52-week low of $12.51 and a 52-week high of $17.95. The stock’s 50-day moving average is $16.34 and its 200-day moving average is $16.58. The company has a market cap of $2.282 billion and a P/E ratio of 27.71.
Sapient Corp. (NASDAQ:SAPE) last released its earnings data on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.06. The company had revenue of $353.20 million for the quarter, compared to the consensus estimate of $333.51 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. Analysts expect that Sapient Corp. will post $0.68 EPS for the current fiscal year.
Sapient Corporation (NASDAQ:SAPE) is a global services company, which helps clients leverage marketing and technology to transform their businesses.
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