Insider Buying: CIBER Director Buys 17,265 Shares of Stock (CBR)
CIBER (NYSE:CBR) Director Bobby G. Stevenson purchased 17,265 shares of the company’s stock in a transaction dated Tuesday, August 26th. The stock was purchased at an average cost of $3.90 per share, for a total transaction of $67,333.50. Following the purchase, the director now directly owns 6,106,434 shares in the company, valued at approximately $23,815,093. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
CIBER (NYSE:CBR) traded down 0.26% on Wednesday, hitting $3.91. 164,606 shares of the company’s stock traded hands. CIBER has a one year low of $3.08 and a one year high of $5.09. The stock has a 50-day moving average of $4.02 and a 200-day moving average of $4.4. The company’s market cap is $305.1 million.
CIBER (NYSE:CBR) last released its 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. Analysts expect that CIBER will post $0.10 EPS for the current fiscal year.
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.
CIBER, Inc (NYSE:CBR) is a provider of information technology (IT), business consulting and outsourcing services.
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