Insider Selling: Wageworks COO Unloads 25,000 Shares of Stock (WAGE)
Wageworks (NASDAQ:WAGE) COO Edgar O. Montes unloaded 25,000 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $43.82, for a total value of $1,095,500.00. Following the transaction, the chief operating officer now directly owns 1,401 shares of the company’s stock, valued at approximately $61,392. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Wageworks (NASDAQ:WAGE) traded down 1.53% during mid-day trading on Wednesday, hitting $43.13. The stock had a trading volume of 161,331 shares. Wageworks has a 52 week low of $33.04 and a 52 week high of $68.31. The stock’s 50-day moving average is $43.71 and its 200-day moving average is $48.58. The company has a market cap of $1.518 billion and a P/E ratio of 65.67.
Wageworks (NASDAQ:WAGE) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.02. The company had revenue of $58.80 million for the quarter, compared to the consensus estimate of $58.81 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Analysts expect that Wageworks will post $0.91 EPS for the current fiscal year.
WageWorks, Inc is an on-demand provider of tax-advantaged programs for consumer-directed health, commuter and other employee spending account benefits (NASDAQ:WAGE), in the United States.
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