Insider Selling: Devang Shah Sells 2,370 Shares of Zynga Stock (ZNGA)
Zynga (NASDAQ:ZNGA) VP Devang Shah sold 2,370 shares of the stock on the open market in a transaction dated Monday, August 4th. The stock was sold at an average price of $2.86, for a total value of $6,778.20. Following the completion of the transaction, the vice president now directly owns 123,394 shares of the company’s stock, valued at approximately $352,907. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Zynga (NASDAQ:ZNGA) traded up 1.79% during mid-day trading on Thursday, hitting $2.8399. 7,145,682 shares of the company’s stock traded hands. Zynga has a one year low of $2.72 and a one year high of $5.89. The stock has a 50-day moving average of $3.06 and a 200-day moving average of $3.91. The company’s market cap is $2.512 billion.
A number of analysts have recently weighed in on ZNGA shares. Analysts at Benchmark Co. reiterated a “hold” rating on shares of Zynga in a research note on Tuesday. They now have a $3.08 price target on the stock, down previously from $3.52. Analysts at Piper Jaffray cut their price target on shares of Zynga from $5.00 to $4.50 in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. Zynga currently has an average rating of “Hold” and an average target price of $4.54.
Zynga Inc (NASDAQ:ZNGA) is the provider of social game services.
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