Insider Selling: Wageworks COO Sells 25,000 Shares of Stock (WAGE)
Wageworks (NASDAQ:WAGE) COO Edgar O. Montes sold 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 transaction of $1,095,500.00. Following the completion of the sale, 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) opened at 42.04 on Friday. Wageworks has a 1-year low of $33.04 and a 1-year high of $68.31. The stock’s 50-day moving average is $43.57 and its 200-day moving average is $48.53. The company has a market cap of $1.479 billion and a price-to-earnings ratio of 64.66.
Wageworks (NASDAQ:WAGE) last released its earnings data on Monday, August 4th. The company reported $0.24 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.20 earnings per share. Wageworks’s revenue was up 7.8% compared to the same quarter last year. 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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