Insider Buying: CIBER Director Purchases 2,000 Shares of Stock (CBR)
CIBER (NYSE:CBR) Director Richard Kenneth Jr. Coleman purchased 2,000 shares of CIBER stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average cost of $3.55 per share, with a total value of $7,100.00. Following the acquisition, the director now directly owns 6,475 shares of the company’s stock, valued at approximately $22,986. The transaction was disclosed in a filing with the SEC, which is available at this link.
Separately, analysts at Zacks downgraded shares of CIBER from a “neutral” rating to an “underperform” rating in a research note on Friday, August 1st. They now have a $3.30 price target on the stock.
Shares of CIBER (NYSE:CBR) traded up 1.80% on Thursday, hitting $3.685. 15,634 shares of the company’s stock traded hands. CIBER has a 52 week low of $3.08 and a 52 week high of $5.09. The stock has a 50-day moving average of $4.48 and a 200-day moving average of $4.44. The company’s market cap is $287.6 million.
CIBER (NYSE:CBR) last announced its earnings results on Tuesday, July 29th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.06 by $0.08. The company had revenue of $214.60 million for the quarter, compared to the consensus estimate of $223.10 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was down 2.6% on a year-over-year basis. On average, analysts predict that CIBER will post $0.10 earnings per share for the current fiscal year.
CIBER, Inc (NYSE:CBR) is a provider of information technology (IT), business consulting and outsourcing services.
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