Virtusa Corp CEO Kris A. Canekeratne Unloads 5,000 Shares (VRTU)
Virtusa Corp (NASDAQ:VRTU) CEO Kris A. Canekeratne sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $36.03, for a total value of $180,150.00. Following the completion of the sale, the chief executive officer now directly owns 1,011,860 shares in the company, valued at approximately $36,457,316. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Virtusa Corp (NASDAQ:VRTU) traded down 1.47% during mid-day trading on Tuesday, hitting $35.48. 156,397 shares of the company’s stock traded hands. Virtusa Corp has a 52-week low of $21.95 and a 52-week high of $38.49. The stock has a 50-day moving average of $34.6 and a 200-day moving average of $34.91. The company has a market cap of $1.037 billion and a price-to-earnings ratio of 28.35.
Virtusa Corp (NASDAQ:VRTU) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter 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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