Insider Buying: CIBER Director Acquires 79,235 Shares of Stock (CBR)
CIBER (NYSE:CBR) Director Bobby G. Stevenson acquired 79,235 shares of the stock on the open market in a transaction dated Wednesday, August 27th. The shares were purchased at an average price of $3.87 per share, for a total transaction of $306,639.45. Following the completion of the transaction, the director now directly owns 6,106,434 shares of the company’s stock, valued at approximately $23,631,900. The transaction was disclosed in a document filed with the SEC, 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 0.26% during mid-day trading on Wednesday, hitting $3.91. The stock had a trading volume of 164,606 shares. CIBER has a 52 week low of $3.08 and a 52 week high of $5.09. The stock’s 50-day moving average is $4.05 and its 200-day moving average is $4.41. The company’s market cap is $305.1 million.
CIBER (NYSE:CBR) last issued its quarterly earnings data on Tuesday, July 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. Analysts expect that CIBER will post $0.10 EPS 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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