Insider Selling: Concur Technologies EVP Unloads 2,500 Shares of Stock (CNQR)
Concur Technologies (NASDAQ:CNQR) EVP Elena A. Donio unloaded 2,500 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $100.00, for a total value of $250,000.00. Following the completion of the sale, the executive vice president now directly owns 38,921 shares of the company’s stock, valued at approximately $3,892,100. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Concur Technologies (NASDAQ:CNQR) traded down 0.10% during mid-day trading on Friday, hitting $100.19. 12,315 shares of the company’s stock traded hands. Concur Technologies has a one year low of $74.43 and a one year high of $130.39. The stock’s 50-day moving average is $93.82 and its 200-day moving average is $97.03. The company’s market cap is $5.714 billion.
Concur Technologies (NASDAQ:CNQR) last released its earnings data on Monday, August 4th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.09. The company had revenue of $178.40 million for the quarter, compared to the consensus estimate of $175.15 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 28.6% on a year-over-year basis. Analysts expect that Concur Technologies will post $0.61 EPS for the current fiscal year.
CNQR has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus reiterated an “underperform” rating on shares of Concur Technologies in a research note on Tuesday, August 5th. They now have a $72.00 price target on the stock, down previously from $73.00. Separately, analysts at Deutsche Bank raised their price target on shares of Concur Technologies from $95.00 to $110.00 in a research note on Monday, August 4th. They now have a “buy” rating on the stock. Finally, analysts at Roth Capital initiated coverage on shares of Concur Technologies in a research note on Wednesday, June 25th. They set a “buy” rating and a $130.00 price target on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $107.33.
Concur Technologies, Inc (NASDAQ:CNQR) is a provider of integrated travel and expense management solutions for companies of all industries, sizes, and geographies.
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