Insider Selling: Bassam Salem Sells 2,000 Shares of inContact Stock (SAAS)
inContact (NASDAQ:SAAS) Insider Bassam Salem sold 2,000 shares of inContact stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $9.10, for a total transaction of $18,200.00. Following the completion of the sale, the insider now directly owns 32,424 shares in the company, valued at approximately $295,058. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of inContact (NASDAQ:SAAS) traded down 2.93% on Tuesday, hitting $8.61. The stock had a trading volume of 155,206 shares. inContact has a 52-week low of $6.93 and a 52-week high of $10.54. The stock has a 50-day moving average of $8.56 and a 200-day moving average of $8.7. The company’s market cap is $486.1 million.
inContact (NASDAQ:SAAS) last announced its earnings results on Tuesday, May 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.06. The company had revenue of $37.05 million for the quarter, compared to the consensus estimate of $36.53 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. On average, analysts predict that inContact will post $-0.27 earnings per share for the current fiscal year.
inContact, Inc (NASDAQ:SAAS) is a provider of cloud-based contact center solutions.
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