Insider Selling: Robin B. Kranich Unloads 10,480 Shares of Gartner Stock (IT)
Gartner (NYSE:IT) SVP Robin B. Kranich sold 10,480 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $73.13, for a total value of $766,402.40. Following the completion of the sale, the senior vice president now directly owns 26,092 shares of the company’s stock, valued at approximately $1,908,108. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Separately, 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 research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $75.61.
Shares of Gartner (NYSE:IT) traded up 1.18% during mid-day trading on Monday, hitting $72.91. 207,925 shares of the company’s stock traded hands. Gartner has a 52-week low of $56.55 and a 52-week high of $75.61. The stock has a 50-day moving average of $70.74 and a 200-day moving average of $69.77. The company has a market cap of $6.482 billion and a price-to-earnings ratio of 35.12.
Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, analysts predict that Gartner will post $2.28 earnings per share for the current fiscal year.
Gartner, Inc (NYSE:IT) is an information technology (IT) research and advisory company.
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