Insider Selling: Jerry A. Greenberg Sells 200,000 Shares of Sapient Corp. Stock (SAPE)
Sapient Corp. (NASDAQ:SAPE) Director Jerry A. Greenberg sold 200,000 shares of the stock in a transaction that occurred on Thursday, June 19th. The shares were sold at an average price of $16.43, for a total value of $3,286,000.00. Following the sale, the director now directly owns 6,823,919 shares in the company, valued at approximately $112,116,989. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Sapient Corp. (NASDAQ:SAPE) traded up 0.66% during mid-day trading on Friday, hitting $16.69. The stock had a trading volume of 1,635,868 shares. Sapient Corp. has a one year low of $12.51 and a one year high of $17.95. The stock’s 50-day moving average is $16.38 and its 200-day moving average is $16.61. The company has a market cap of $2.366 billion and a price-to-earnings ratio of 28.15.
Sapient Corp. (NASDAQ:SAPE) last released its earnings data on Tuesday, May 6th. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.10 by $0.06. The company had revenue of $353.20 million for the quarter, compared to the consensus estimate of $333.51 million. During the same quarter last year, the company posted $0.12 earnings per share. Sapient Corp.’s revenue was up 16.6% compared to the same quarter last year. Analysts expect that Sapient Corp. will post $0.68 EPS for the current fiscal year.
Separately, analysts at SunTrust initiated coverage on shares of Sapient Corp. in a research note on Monday, March 24th. They set a “buy” rating and a $22.00 price target on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $17.00.
Sapient Corporation (NASDAQ:SAPE) is a global services company, which helps clients leverage marketing and technology to transform their businesses.
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