Insider Selling: Concur Technologies CFO Unloads 2,000 Shares of Stock (CNQR)
Concur Technologies (NASDAQ:CNQR) CFO Francis J. Pelzer sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $110.01, for a total transaction of $220,020.00. Following the transaction, the chief financial officer now directly owns 36,479 shares of the company’s stock, valued at approximately $4,013,055. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on CNQR. Analysts at Goldman Sachs reiterated a “sell” rating on shares of Concur Technologies in a research note on Wednesday. Separately, analysts at Robert W. Baird downgraded shares of Concur Technologies from an “outperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $115.00 price target on the stock. They noted that the move was a valuation call. Finally, 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. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $110.45.
Shares of Concur Technologies (NASDAQ:CNQR) opened at 106.18 on Friday. Concur Technologies has a 52-week low of $74.43 and a 52-week high of $130.39. The stock’s 50-day moving average is $96.59 and its 200-day moving average is $95.81. The company’s market cap is $6.056 billion.
Concur Technologies (NASDAQ:CNQR) last released its earnings data on Monday, August 4th. The company reported $0.25 earnings per share for the quarter, beating the analysts’ 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 last 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.
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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