Gartner SVP Unloads $766,402 in Stock (IT)
Gartner (NYSE:IT) SVP Robin B. Kranich sold 10,480 shares of Gartner stock on the open market 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 sale, the senior vice president now directly owns 26,092 shares in the company, valued at approximately $1,908,108. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Gartner (NYSE:IT) traded down 0.01% during mid-day trading on Wednesday, hitting $73.77. 87,505 shares of the company’s stock traded hands. Gartner has a 1-year low of $56.55 and a 1-year high of $75.61. The stock’s 50-day moving average is $70.9 and its 200-day moving average is $69.83. The company has a market cap of $6.558 billion and a price-to-earnings ratio of 35.96.
Gartner (NYSE:IT) last announced its 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. Analysts expect that Gartner will post $2.28 EPS for the current fiscal year.
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 company currently has a consensus rating of “Buy” and a consensus target price of $75.61.
Gartner, Inc (NYSE:IT) is an information technology (IT) research and advisory company.
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