Insider Selling: Open Text (TSE:OTEX) Insider Sells C$396,945.50 in Stock

Open Text Co. (TSE:OTEX) (NASDAQ:OTEX) insider Brian Paul Sweeney sold 8,050 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of C$49.31, for a total transaction of C$396,945.50. Following the sale, the insider owned 12,500 shares of the company’s stock, valued at approximately C$616,375. This represents a 39.17% decrease in their ownership of the stock.

Open Text Stock Up 0.6%

TSE OTEX opened at C$45.97 on Tuesday. Open Text Co. has a 1 year low of C$32.41 and a 1 year high of C$56.00. The stock has a market capitalization of C$11.58 billion, a PE ratio of 24.07, a PEG ratio of 1.35 and a beta of 0.82. The company has a debt-to-equity ratio of 157.46, a current ratio of 0.87 and a quick ratio of 1.34. The business’s 50-day moving average is C$50.27 and its 200 day moving average is C$45.72.

Open Text (TSE:OTEX) (NASDAQ:OTEX) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$1.05 earnings per share for the quarter. The business had revenue of C$1.79 billion during the quarter. Open Text had a return on equity of 15.83% and a net margin of 12.21%. Sell-side analysts forecast that Open Text Co. will post 4.9036649 earnings per share for the current year.

About Open Text

Open Text Corp grew out of a technology project involving the Oxford English Dictionary at Canada’s University of Waterloo in the mid-1980s. Its software allows clients to archive, aggregate, retrieve, and search unstructured information (such as documents, e-mail, presentations). The company is based in Ontario, Canada.