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Piper Jaffray (NYSE:PJC) Insider Chad R. Abraham sold 5,000 shares of the company’s stock on the open market in a transaction dated Friday, July 25th. The stock was sold at an average price of $51.60, for a total transaction of $258,000.00. Following the completion of the transaction, the insider now directly owns 50,909 shares in the company, valued at approximately $2,626,904. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Piper Jaffray (NYSE:PJC) traded down 0.10% during mid-day trading on Monday, hitting $51.90. The stock had a trading volume of 130,988 shares. Piper Jaffray has a 52 week low of $31.76 and a 52 week high of $54.49. The stock has a 50-day moving average of $50.80 and a 200-day moving average of $44.32. The company has a market cap of $778.2 million and a P/E ratio of 12.31.

Piper Jaffray (NYSE:PJC) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.18 by $0.07. The company had revenue of $166.80 million for the quarter, compared to the consensus estimate of $149.33 million. During the same quarter last year, the company posted $0.25 earnings per share. Piper Jaffray’s revenue was up 63.5% compared to the same quarter last year. On average, analysts predict that Piper Jaffray will post $3.94 earnings per share for the current fiscal year.

PJC has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Piper Jaffray from a “neutral” rating to an “outperform” rating in a research note on Thursday. They now have a $56.60 price target on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Piper Jaffray has an average rating of “Hold” and an average price target of $44.20.

Piper Jaffray Companies is an investment bank and asset management firm, serving the needs of corporations, private equity groups, public entities, non-profit entities and institutional investors in the United States and internationally.

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