Insider Buying: Shawn C. Rathje Buys 1,500 Shares of Comverse Stock (CNSI)
Comverse (NASDAQ:CNSI) CAO Shawn C. Rathje acquired 1,500 shares of the stock in a transaction dated Thursday, June 12th. The stock was purchased at an average price of $23.45 per share, for a total transaction of $35,175.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,909 shares in the company, valued at approximately $185,466. The acquisition was disclosed in a filing with the SEC, which can be accessed through 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 up 5.00% during mid-day trading on Friday, hitting $24.78. 204,972 shares of the company’s stock traded hands. Comverse has a 52-week low of $22.00 and a 52-week high of $40.30. The stock has a 50-day moving average of $24.32 and a 200-day moving average of $32.58. The company has a market cap of $551.6 million and a price-to-earnings ratio of 28.43.
Comverse (NASDAQ:CNSI) last released its 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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