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Piper Jaffray (NYSE:PJC) Insider R Scott Larue unloaded 3,609 shares of Piper Jaffray stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $53.62, for a total value of $193,514.58. Following the sale, the insider now directly owns 53,537 shares in the company, valued at approximately $2,870,654. The transaction was disclosed in a filing with the SEC, which is available at this link.

Piper Jaffray (NYSE:PJC) traded down 0.73% on Tuesday, hitting $53.03. The stock had a trading volume of 121,881 shares. Piper Jaffray has a 52 week low of $31.76 and a 52 week high of $54.49. The stock has a 50-day moving average of $51.93 and a 200-day moving average of $45.18. The company has a market cap of $862.1 million and a P/E ratio of 12.66.

Piper Jaffray (NYSE:PJC) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.18 by $0.07. The company had revenue of $166.80 million for the quarter, compared to the consensus estimate of $149.33 million. During the same quarter last year, the company posted $0.25 earnings per share. Piper Jaffray’s revenue was up 63.5% compared to the same quarter last year. On average, analysts predict that Piper Jaffray will post $4.25 earnings per share for the current fiscal year.

Separately, analysts at Zacks upgraded shares of Piper Jaffray from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 24th. They now have a $56.60 price target on the stock. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $44.20.

Piper Jaffray Companies is an investment bank and asset management firm, serving the needs of corporations, private equity groups, public entities, non-profit entities and institutional investors in the United States and internationally.

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