Telit Communications Plc (LON:TCM) insider Oozi Cats acquired 200,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was purchased at an average price of GBX 184 ($2.40) per share, with a total value of £368,000 ($479,229.07).

Oozi Cats also recently made the following trade(s):

  • On Thursday, June 29th, Oozi Cats acquired 75,215 shares of Telit Communications Plc stock. The stock was purchased at an average price of GBX 312 ($4.06) per share, with a total value of £234,670.80 ($305,600.73).
  • On Wednesday, May 24th, Oozi Cats sold 7,081,620 shares of Telit Communications Plc stock. The shares were sold at an average price of GBX 340 ($4.43), for a total transaction of £24,077,508 ($31,355,004.56).

Shares of Telit Communications Plc (TCM) opened at 165.50 on Tuesday. Telit Communications Plc has a 12 month low of GBX 143.25 and a 12 month high of GBX 379.00. The company’s market cap is GBX 191.11 million. The stock’s 50 day moving average is GBX 286.14 and its 200-day moving average is GBX 312.83.

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A number of equities research analysts have weighed in on TCM shares. Berenberg Bank reiterated a “buy” rating and set a GBX 380 ($4.95) target price on shares of Telit Communications Plc in a research note on Tuesday, April 25th. Canaccord Genuity boosted their target price on shares of Telit Communications Plc from GBX 355 ($4.62) to GBX 390 ($5.08) and gave the company a “buy” rating in a research note on Wednesday, April 26th. Five equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of GBX 370 ($4.82).

About Telit Communications Plc

Telit Communications PLC (Telit) is a United Kingdom-based enabler of machine-to-machine (M2M) communications providing cellular, short range and positioning modules via its brand Telit Wireless Solutions. The Company develops and markets cellular, global navigation satellite system (GNSS), short-to-long range wireless modules plus mobile connectivity services and application enablement platform to onboard edge devices to the Internet of Things (IoT).

Insider Buying and Selling by Quarter for Telit Communications Plc (LON:TCM)

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