Insider Selling: DigitalGlobe SVP Unloads 3,000 Shares of Stock (DGI)
DigitalGlobe (NYSE:DGI) SVP David B. Jr. Turner sold 3,000 shares of DigitalGlobe stock on the open market in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $28.71, for a total value of $86,130.00. Following the completion of the sale, the senior vice president now directly owns 39,876 shares of the company’s stock, valued at approximately $1,144,840. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of DigitalGlobe (NYSE:DGI) traded down 1.91% on Tuesday, hitting $28.31. The stock had a trading volume of 430,299 shares. DigitalGlobe has a 1-year low of $26.02 and a 1-year high of $43.13. The stock has a 50-day moving average of $28.02 and a 200-day moving average of $31.5. The company has a market cap of $2.138 billion and a price-to-earnings ratio of 148.00.
DigitalGlobe (NYSE:DGI) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.07. The company had revenue of $157.80 million for the quarter, compared to the consensus estimate of $156.18 million. During the same quarter in the previous year, the company posted ($0.30) earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis.
A number of research firms have recently commented on DGI. Analysts at Zacks downgraded shares of DigitalGlobe from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $33.40 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of DigitalGlobe in a research note on Friday. They now have a $32.00 price target on the stock, down previously from $34.50. Two research analysts have rated the stock with a hold rating, DigitalGlobe currently has a consensus rating of “Hold” and a consensus price target of $32.48.
DigitalGlobe, Inc (NYSE:DGI) is a global provider of commercial earth imagery products and information services.
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