Insider Selling: Gartner SVP Unloads 11,110 Shares of Stock (IT)
Gartner (NYSE:IT) SVP Robin B. Kranich sold 11,110 shares of Gartner stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $73.02, for a total transaction of $811,252.20. Following the completion of the transaction, the senior vice president now directly owns 36,572 shares in the company, valued at approximately $2,670,487. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Gartner (NYSE:IT) traded up 0.49% during mid-day trading on Wednesday, hitting $72.51. 257,465 shares of the company’s stock traded hands. Gartner has a one year low of $56.55 and a one year high of $75.61. The stock’s 50-day moving average is $70.55 and its 200-day moving average is $69.72. The company has a market cap of $6.446 billion and a price-to-earnings ratio of 35.17.
Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.64 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.55 by $0.09. The company had revenue of $519.80 million for the quarter, compared to the consensus estimate of $501.87 million. During the same quarter last year, the company posted $0.50 earnings per share. Gartner’s revenue was up 16.5% compared to the same quarter last year. On average, analysts predict that Gartner will post $2.28 earnings per share for the current fiscal year.
A number of research firms have recently commented on IT. Analysts at Leerink Swann initiated coverage on shares of Gartner in a research note on Wednesday. They set an “outperform” rating and a $35.00 price target on the stock. Analysts at Zacks upgraded shares of Gartner from a “neutral” rating to an “outperform” rating in a research note on Friday, August 8th. They now have a $75.90 price target on the stock. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $71.10.
Gartner, Inc (NYSE:IT) is an information technology (IT) research and advisory company.
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