Insider Selling: Kris A. Canekeratne Unloads 12,000 Shares of Virtusa Corp Stock (VRTU)
Virtusa Corp (NASDAQ:VRTU) CEO Kris A. Canekeratne sold 12,000 shares of the stock on the open market in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $35.15, for a total transaction of $421,800.00. Following the transaction, the chief executive officer now directly owns 1,016,860 shares in the company, valued at approximately $35,742,629. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Virtusa Corp (NASDAQ:VRTU) traded up 1.16% during mid-day trading on Wednesday, hitting $35.39. 110,865 shares of the company’s stock traded hands. Virtusa Corp has a one year low of $21.29 and a one year high of $38.49. The stock’s 50-day moving average is $34.34 and its 200-day moving average is $34.90. The company has a market cap of $1.034 billion and a price-to-earnings ratio of 27.55.
Virtusa Corp (NASDAQ:VRTU) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.21) by $0.56. The company had revenue of $111.10 million for the quarter, compared to the consensus estimate of $111.53 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 23.6% on a year-over-year basis. On average, analysts predict that Virtusa Corp will post $1.52 earnings per share for the current fiscal year.
Virtusa Corporation is an information technology services company. The Company uses an offshore delivery model to provide a broad range of information technology (NASDAQ:VRTU), services, including IT consulting, technology implementation and application outsourcing.
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