Insider Selling: Sudhir Steven Singh Unloads 11,000 Shares of Concur Technologies Stock (CNQR)
Concur Technologies (NASDAQ:CNQR) CEO Sudhir Steven Singh unloaded 11,000 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $91.14, for a total value of $1,002,540.00. Following the sale, the chief executive officer now directly owns 622,415 shares in the company, valued at approximately $56,726,903. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Concur Technologies (NASDAQ:CNQR) traded up 0.50% during mid-day trading on Wednesday, hitting $94.24. 480,876 shares of the company’s stock traded hands. Concur Technologies has a 1-year low of $74.43 and a 1-year high of $130.39. The stock has a 50-day moving average of $84.10 and a 200-day moving average of $99.87. The company’s market cap is $5.361 billion.
Concur Technologies (NASDAQ:CNQR) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.06. The company had revenue of $167.01 million for the quarter, compared to the consensus estimate of $165.81 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. Analysts expect that Concur Technologies will post $0.62 EPS for the current fiscal year.
A number of analysts have recently weighed in on CNQR shares. Analysts at Goldman Sachs cut their price target on shares of Concur Technologies from $90.00 to $77.00 in a research note on Thursday, May 22nd. Separately, analysts at Nomura reiterated a “buy” rating on shares of Concur Technologies in a research note on Friday, May 16th. They now have a $120.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Concur Technologies in a research note on Thursday, May 8th. They now have a $95.00 price target on the stock, down previously from $110.00. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. Concur Technologies presently has a consensus rating of “Hold” and a consensus price target of $105.46.
Concur Technologies, Inc (NASDAQ:CNQR) is a provider of integrated travel and expense management solutions for companies of all industries, sizes, and geographies.
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