Insider Selling: Henri Broekmate Sells 30,000 Shares of Lionbridge Technologies Stock (LIOX)
Lionbridge Technologies (NASDAQ:LIOX) SVP Henri Broekmate sold 30,000 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $5.06, for a total transaction of $151,800.00. Following the sale, the senior vice president now directly owns 365,089 shares of the company’s stock, valued at approximately $1,847,350. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Lionbridge Technologies (NASDAQ:LIOX) traded down 5.56% during mid-day trading on Tuesday, hitting $4.76. 334,402 shares of the company’s stock traded hands. Lionbridge Technologies has a 1-year low of $3.34 and a 1-year high of $7.50. The stock has a 50-day moving average of $5.7 and a 200-day moving average of $6.11. The company has a market cap of $288.1 million and a price-to-earnings ratio of 18.74.
Lionbridge Technologies (NASDAQ:LIOX) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.12 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.26 by $0.14. The company had revenue of $130.50 million for the quarter, compared to the consensus estimate of $727.20 million. During the same quarter last year, the company posted $0.06 earnings per share. Lionbridge Technologies’s revenue was up 5.8% compared to the same quarter last year. Analysts expect that Lionbridge Technologies will post $0.17 earnings per share for the current fiscal year.
Separately, analysts at Zacks downgraded shares of Lionbridge Technologies from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 24th. They now have a $6.70 price target on the stock.
Lionbridge Technologies, Inc (NASDAQ:LIOX) is a provider of language, content and testing solutions that enable clients to optimize, release, manage, test and maintain their technology applications and content in global markets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.