Insider Selling: Concur Technologies CFO Unloads 1,000 Shares of Stock (CNQR)
Concur Technologies (NASDAQ:CNQR) CFO Francis J. Pelzer sold 1,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $100.47, for a total value of $100,470.00. Following the completion of the sale, the chief financial officer now directly owns 38,479 shares in the company, valued at approximately $3,865,985. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Concur Technologies (NASDAQ:CNQR) traded up 0.57% on Tuesday, hitting $100.95. The stock had a trading volume of 515,248 shares. Concur Technologies has a one year low of $74.43 and a one year high of $130.39. The stock has a 50-day moving average of $95.67 and a 200-day moving average of $95.64. The company’s market cap is $5.758 billion.
Concur Technologies (NASDAQ:CNQR) last posted its quarterly earnings results 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 previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter 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.
A number of research firms have recently commented on CNQR. Analysts at Davidson initiated coverage on shares of Concur Technologies in a research note on Wednesday, August 27th. They set a “neutral” rating on the stock. Separately, analysts at DA Davidson initiated coverage on shares of Concur Technologies in a research note on Tuesday, August 26th. They set a “neutral” rating and a $100.00 price target on the stock. Finally, 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $106.77.
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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