Insider Selling: American Public Education CEO Unloads 2,000 Shares of Stock (APEI)
American Public Education (NASDAQ:APEI) CEO Wallace E. Jr. Boston unloaded 2,000 shares of the stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $36.00, for a total value of $72,000.00. Following the transaction, the chief executive officer now directly owns 255,533 shares of the company’s stock, valued at approximately $9,199,188. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of American Public Education (NASDAQ:APEI) traded down 0.15% during mid-day trading on Friday, hitting $35.645. The stock had a trading volume of 54,330 shares. American Public Education has a 52 week low of $32.51 and a 52 week high of $46.69. The stock has a 50-day moving average of $34.47 and a 200-day moving average of $36.91. The company has a market cap of $622.9 million and a P/E ratio of 15.45.
American Public Education (NASDAQ:APEI) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.47 by $0.12. The company had revenue of $88.60 million for the quarter, compared to the consensus estimate of $85.16 million. During the same quarter last year, the company posted $0.63 earnings per share. American Public Education’s revenue was up 5.7% compared to the same quarter last year. On average, analysts predict that American Public Education will post $2.21 earnings per share for the current fiscal year.
Separately, analysts at Zacks upgraded shares of American Public Education from an “underperform” rating to a “neutral” rating in a research note on Friday, June 20th. They now have a $36.00 price target on the stock. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $39.50.
American Public Education, Inc is a provider of online postsecondary education with an emphasis on serving the needs of the military and public service communities.
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