Insider Buying: CIBER Director Buys 500 Shares of Stock (CBR)
CIBER (NYSE:CBR) Director Bobby G. Stevenson acquired 500 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average cost of $3.80 per share, with a total value of $1,900.00. Following the purchase, the director now directly owns 5,983,874 shares of the company’s stock, valued at approximately $22,738,721. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Zacks downgraded shares of CIBER from a “neutral” rating to an “underperform” rating in a research note on Friday, August 1st. They now have a $3.30 price target on the stock.
Shares of CIBER (NYSE:CBR) traded down 0.27% during mid-day trading on Thursday, hitting $3.76. The stock had a trading volume of 37,247 shares. CIBER has a one year low of $3.08 and a one year high of $5.09. The stock’s 50-day moving average is $4.12 and its 200-day moving average is $4.41. The company’s market cap is $293.4 million.
CIBER (NYSE:CBR) last issued its quarterly earnings data on Tuesday, July 29th. The company reported ($0.02) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.06 by $0.08. The company had revenue of $214.60 million for the quarter, compared to the consensus estimate of $223.10 million. During the same quarter last year, the company posted $0.04 earnings per share. CIBER’s revenue was down 2.6% compared to the same quarter last year. On average, analysts predict that CIBER will post $0.10 earnings per share for the current fiscal year.
CIBER, Inc (NYSE:CBR) is a provider of information technology (IT), business consulting and outsourcing services.
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