Insider Selling: Francis J. Pelzer Unloads 1,000 Shares of Concur Technologies Stock (CNQR)
Concur Technologies (NASDAQ:CNQR) CFO Francis J. Pelzer sold 1,000 shares of Concur Technologies stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $94.95, for a total value of $94,950.00. Following the transaction, the chief financial officer now directly owns 28,869 shares in the company, valued at approximately $2,741,112. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Concur Technologies (NASDAQ:CNQR) traded up 1.95% on Tuesday, hitting $95.16. 564,692 shares of the company’s stock traded hands. Concur Technologies has a 52 week low of $74.43 and a 52 week high of $130.39. The stock’s 50-day moving average is $87.40 and its 200-day moving average is $99.86. The company’s market cap is $5.413 billion.
Concur Technologies (NASDAQ:CNQR) last announced its earnings results on Tuesday, April 29th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue 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 research firms have recently commented on CNQR. Analysts at Roth Capital initiated coverage on shares of Concur Technologies in a research note on Wednesday, June 25th. They set a “buy” rating and a $130.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Concur Technologies in a research note on Friday, June 20th. They now have a $98.00 price target on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $107.43.
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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