Insider Selling: Mavenir Systems CTO Sells 5,000 Shares of Stock (MVNR)
Mavenir Systems (NASDAQ:MVNR) CTO Terence Mccabe unloaded 5,000 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $14.60, for a total value of $73,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Mavenir Systems (NASDAQ:MVNR) traded up 0.21% during mid-day trading on Friday, hitting $14.53. 120,688 shares of the company’s stock traded hands. Mavenir Systems has a one year low of $8.50 and a one year high of $18.78. The stock has a 50-day moving average of $13.74 and a 200-day moving average of $13.77. The company’s market cap is $349.1 million.
Mavenir Systems (NASDAQ:MVNR) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.05) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.31) by $0.26. The company had revenue of $28.73 million for the quarter, compared to the consensus estimate of $26.90 million. The company’s quarterly revenue was up 28.0% on a year-over-year basis. Analysts expect that Mavenir Systems will post $-0.12 EPS for the current fiscal year.
A number of research firms have recently commented on MVNR. Analysts at Deutsche Bank cut their price target on shares of Mavenir Systems from $20.00 to $18.00 in a research note on Friday, May 9th.
Mavenir Systems, Inc, (NASDAQ:MVNR) is a provider of software-based telecommunications networking solutions.
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