Insider Selling: QAD CAO Sells 6,669 Shares of Stock (QADA)
QAD (NASDAQ:QADA) CAO Kara Bellamy sold 6,669 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $22.10, for a total transaction of $147,384.90. Following the sale, the chief accounting officer now directly owns 7,847 shares in the company, valued at approximately $173,419. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of QAD (NASDAQ:QADA) traded down 0.18% during mid-day trading on Friday, hitting $21.93. 18,348 shares of the company’s stock traded hands. QAD has a 52-week low of $11.10 and a 52-week high of $23.07. The stock’s 50-day moving average is $20.24 and its 200-day moving average is $18.7. The company has a market cap of $347.7 million and a P/E ratio of 47.25.
QAD (NASDAQ:QADA) last posted its quarterly earnings results on Thursday, May 29th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.08. The company had revenue of $68.50 million for the quarter, compared to the consensus estimate of $66.50 million. Analysts expect that QAD will post $0.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, July 2nd. Stockholders of record on Wednesday, June 25th will be given a dividend of $0.072 per share. This represents a $0.29 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Monday, June 23rd.
Separately, analysts at TheStreet upgraded shares of QAD from a “hold” rating to a “buy” rating in a research note on Monday, March 17th.
QAD Inc (NASDAQ:QADA) is a worldwide provider of enterprise software applications, and related services and support.
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