Insider Selling: Lionbridge Technologies CEO Sells 15,000 Shares of Stock (LIOX)
Lionbridge Technologies (NASDAQ:LIOX) CEO Rory J. Cowan unloaded 15,000 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $5.71, for a total transaction of $85,650.00. Following the transaction, the chief executive officer now directly owns 3,824,189 shares of the company’s stock, valued at approximately $21,836,119. The sale was disclosed in a filing with the SEC, which is available at this link.
Lionbridge Technologies (NASDAQ:LIOX) traded up 0.17% on Tuesday, hitting $5.86. 228,061 shares of the company’s stock traded hands. Lionbridge Technologies has a one year low of $2.81 and a one year high of $7.50. The stock has a 50-day moving average of $5.71 and a 200-day moving average of $6.11. The company has a market cap of $352.8 million and a P/E ratio of 21.99.
Lionbridge Technologies (NASDAQ:LIOX) last announced its earnings results on Thursday, May 8th. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.03. The company had revenue of $120.72 million for the quarter, compared to the consensus estimate of $121.72 million. Lionbridge Technologies’s revenue was up 5.7% compared to the same quarter last year. On average, analysts predict that Lionbridge Technologies will post $0.27 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on LIOX shares. Analysts at Feltl & Co. upgraded shares of Lionbridge Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 9th. They now have a $8.00 price target on the stock. Separately, analysts at B. Riley upgraded shares of Lionbridge Technologies from a “neutral” rating to a “buy” rating in a research note on Friday, May 9th. They now have a $6.50 price target on the stock.
Lionbridge Technologies, Inc (NASDAQ:LIOX) is a provider of language, content and testing solutions that enable clients to optimize, release, manage, test and maintain their technology applications and content in global markets.
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