Insider Selling: Zynga Inc. (ZNGA) General Counsel Sells 5,094 Shares of Stock
Zynga Inc. (NASDAQ:ZNGA) General Counsel Devang Shah sold 5,094 shares of the stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $2.90, for a total value of $14,772.60. Following the sale, the general counsel now owns 46,355 shares of the company’s stock, valued at $134,429.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Devang Shah also recently made the following trade(s):
- On Tuesday, August 16th, Devang Shah sold 5,838 shares of Zynga stock. The shares were sold at an average price of $2.64, for a total value of $15,412.32.
- On Wednesday, August 17th, Devang Shah sold 12,251 shares of Zynga stock. The shares were sold at an average price of $2.64, for a total value of $32,342.64.
- On Monday, July 18th, Devang Shah sold 18,791 shares of Zynga stock. The shares were sold at an average price of $2.83, for a total value of $53,178.53.
- On Tuesday, July 19th, Devang Shah sold 40,443 shares of Zynga stock. The shares were sold at an average price of $2.83, for a total value of $114,453.69.
Zynga Inc. (NASDAQ:ZNGA) opened at 2.81 on Wednesday. Zynga Inc. has a 52-week low of $1.78 and a 52-week high of $3.02. The company’s market cap is $2.48 billion. The firm’s 50 day moving average is $2.76 and its 200 day moving average is $2.57.
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Several institutional investors have recently modified their holdings of ZNGA. Zacks Investment Management purchased a new position in shares of Zynga during the second quarter valued at approximately $214,000. Penserra Capital Management LLC increased its position in Zynga by 3.5% in the second quarter. Penserra Capital Management LLC now owns 49,442 shares of the company’s stock worth $123,000 after buying an additional 1,656 shares during the last quarter. Sterling Capital Management LLC bought a new position in Zynga during the second quarter worth about $124,000. Jefferies Group LLC bought a new position in Zynga during the second quarter worth about $130,000. Finally, Point72 Asia Hong Kong Ltd bought a new position in Zynga during the second quarter worth about $160,000. 59.36% of the stock is owned by hedge funds and other institutional investors.
ZNGA has been the subject of several research reports. Wedbush restated a “buy” rating and issued a $4.25 target price on shares of Zynga in a research note on Sunday, September 11th. TheStreet upgraded Zynga from a “sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Jefferies Group restated a “buy” rating on shares of Zynga in a research note on Monday, July 18th. Robert W. Baird restated a “neutral” rating and issued a $3.00 target price on shares of Zynga in a research note on Saturday, August 6th. Finally, Pacific Crest restated a “hold” rating on shares of Zynga in a research note on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $3.17.
Zynga Company Profile
Zynga Inc is a provider of social game services. The Company develops, markets and operates social games as live services played on mobile platforms, such as iPhone Operating System (iOS) and Android and social networking sites, such as Facebook. The Company operates through developing and monetizing social games segment.
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