Insider Selling: Ashok Khuntia Unloads 13,714 Shares of Mavenir Systems Stock (MVNR)
Mavenir Systems (NASDAQ:MVNR) Insider Ashok Khuntia sold 13,714 shares of Mavenir Systems stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $14.47, for a total value of $198,441.58. Following the completion of the transaction, the insider now directly owns 41,692 shares of the company’s stock, valued at approximately $603,283. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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.
Shares of Mavenir Systems (NASDAQ:MVNR) traded up 0.52% on Tuesday, hitting $15.58. 59,333 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’s 50-day moving average is $13. and its 200-day moving average is $13.83. The company’s market cap is $374.4 million.
Mavenir Systems (NASDAQ:MVNR) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.05) earnings per share for the quarter, beating the analysts’ 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. Mavenir Systems’s revenue was up 28.0% compared to the same quarter last year. On average, analysts predict that Mavenir Systems will post $-0.12 earnings per share for the current fiscal year.
Mavenir Systems, Inc, (NASDAQ:MVNR) is a provider of software-based telecommunications networking solutions.
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