Concur Technologies COO Unloads 11,242 Shares of Stock (CNQR)
Concur Technologies (NASDAQ:CNQR) COO Rajeev Singh sold 11,242 shares of the stock on the open market in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $100.04, for a total transaction of $1,124,649.68. Following the completion of the sale, the chief operating officer now directly owns 140,892 shares in the company, valued at approximately $14,094,836. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
CNQR has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus reiterated an “underperform” rating on shares of Concur Technologies in a research note on Tuesday, August 5th. They now have a $72.00 price target on the stock, down previously from $73.00. Separately, analysts at Deutsche Bank raised their price target on shares of Concur Technologies from $95.00 to $110.00 in a research note on Monday, August 4th. They now have a “buy” rating on the stock. Finally, analysts at Roth Capital initiated coverage on shares of Concur Technologies in a research note on Wednesday, June 25th. They set a “buy” rating and a $130.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $107.33.
Shares of Concur Technologies (NASDAQ:CNQR) traded up 1.50% during mid-day trading on Monday, hitting $99.99. 352,919 shares of the company’s stock traded hands. Concur Technologies has a 52 week low of $74.43 and a 52 week high of $130.39. The stock’s 50-day moving average is $93.29 and its 200-day moving average is $97.35. The company’s market cap is $5.703 billion.
Concur Technologies (NASDAQ:CNQR) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.09. The company had revenue of $178.40 million for the quarter, compared to the consensus estimate of $175.15 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 28.6% on a year-over-year basis. On average, analysts predict that Concur Technologies will post $0.61 earnings per share for the current fiscal year.
Concur Technologies, Inc (NASDAQ:CNQR) is a provider of integrated travel and expense management solutions for companies of all industries, sizes, and geographies.
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