Insider Selling: Virtusa Co. (VRTU) Insider Sells 4,025 Shares of Stock
Virtusa Co. (NASDAQ:VRTU) insider Raj Rajgopal sold 4,025 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $44.35, for a total transaction of $178,508.75. Following the completion of the sale, the insider now owns 98,576 shares of the company’s stock, valued at approximately $4,371,845.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Raj Rajgopal also recently made the following trade(s):
- On Friday, December 1st, Raj Rajgopal sold 4,025 shares of Virtusa stock. The shares were sold at an average price of $45.51, for a total transaction of $183,177.75.
- On Friday, November 10th, Raj Rajgopal sold 14,025 shares of Virtusa stock. The shares were sold at an average price of $45.02, for a total transaction of $631,405.50.
Shares of Virtusa Co. (VRTU) traded up $0.31 during trading hours on Wednesday, reaching $44.39. 199,000 shares of the company’s stock were exchanged, compared to its average volume of 229,550. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.03 and a quick ratio of 4.03. The company has a market capitalization of $1,294.43, a price-to-earnings ratio of 62.52, a PEG ratio of 2.12 and a beta of 1.72. Virtusa Co. has a 12-month low of $24.84 and a 12-month high of $48.71.
Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Virtusa from a “hold” rating to a “sell” rating in a research report on Thursday, September 14th. Cowen restated a “buy” rating and set a $37.00 price target on shares of Virtusa in a research report on Thursday, October 12th. Cantor Fitzgerald restated a “buy” rating and set a $37.00 price target on shares of Virtusa in a research report on Sunday, November 5th. Maxim Group upgraded shares of Virtusa from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Wednesday, November 8th. Finally, Barrington Research increased their price target on shares of Virtusa to $52.00 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $47.25.
Large investors have recently modified their holdings of the business. Victory Capital Management Inc. bought a new position in Virtusa during the third quarter worth about $130,000. SG Americas Securities LLC bought a new position in Virtusa during the second quarter worth about $120,000. Piedmont Investment Advisors LLC bought a new position in Virtusa during the third quarter worth about $224,000. Trexquant Investment LP bought a new position in Virtusa during the third quarter worth about $247,000. Finally, BNP Paribas Arbitrage SA boosted its position in Virtusa by 42.8% during the second quarter. BNP Paribas Arbitrage SA now owns 8,805 shares of the information technology services provider’s stock worth $259,000 after purchasing an additional 2,639 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.
Virtusa Company Profile
Virtusa Corporation (Virtusa) is an information technology services company. The Company’s services include information technology (IT) and business consulting, digital enablement services, user experience (UX) design, development of IT applications, maintenance and support services, systems integration, infrastructure and managed services.
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