Insider Selling: Virtusa Corp CEO Sells 3,000 Shares of Stock (VRTU)
Virtusa Corp (NASDAQ:VRTU) CEO Kris A. Canekeratne sold 3,000 shares of the company’s stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $35.61, for a total value of $106,830.00. Following the transaction, the chief executive officer now directly owns 1,008,860 shares of the company’s stock, valued at approximately $35,925,505. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Virtusa Corp (NASDAQ:VRTU) traded down 0.50% on Thursday, hitting $35.51. The stock had a trading volume of 95,577 shares. Virtusa Corp has a 52-week low of $22.12 and a 52-week high of $38.49. The stock’s 50-day moving average is $34.75 and its 200-day moving average is $34.92. The company has a market cap of $1.038 billion and a P/E ratio of 28.10.
Virtusa Corp (NASDAQ:VRTU) last announced its earnings data on Monday, May 12th. The company reported $0.35 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.35 earnings per share. Virtusa Corp’s revenue was up 23.6% compared to the same quarter last year. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.