SciQuest CEO Sells $152,000 in Stock (SQI)
SciQuest (NYSE:SQI) CEO Stephen J. Wiehe unloaded 10,000 shares of SciQuest stock on the open market in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $15.20, for a total value of $152,000.00. Following the transaction, the chief executive officer now directly owns 613,271 shares in the company, valued at approximately $9,321,719. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
SQI has been the subject of a number of recent research reports. Analysts at Raymond James reiterated an “outperform” rating on shares of SciQuest in a research note on Thursday, July 31st. They now have a $19.50 price target on the stock, down previously from $24.00. Analysts at TheStreet downgraded shares of SciQuest from a “buy” rating to a “hold” rating in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $31.13.
SciQuest (NYSE:SQI) traded up 0.33% on Tuesday, hitting $15.14. 1,801 shares of the company’s stock traded hands. SciQuest has a 52-week low of $14.46 and a 52-week high of $32.69. The stock’s 50-day moving average is $16.14 and its 200-day moving average is $21.57. The company’s market cap is $416.4 million.
SciQuest (NYSE:SQI) last announced its earnings results on Wednesday, July 30th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The company had revenue of $25.67 million for the quarter, compared to the consensus estimate of $25.40 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. Analysts expect that SciQuest will post $0.29 EPS for the current fiscal year.
SciQuest, Inc provides on-demand strategic procurement and supplier management solutions. The Company’s on-demand software enables organizations to realize the benefits of strategic procurement by identifying and establishing contracts with preferred suppliers, driving spend to those contracts and promoting process efficiencies through electronic transactions.
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