Insider Buying: Celebrus Technologies (LON:CLBS) Insider Buys £48,000 in Stock

Celebrus Technologies plc (LON:CLBS) insider Ashoni (Ash) Kumar Mehta purchased 50,000 shares of the firm’s stock in a transaction on Tuesday, July 14th. The shares were acquired at an average cost of GBX 96 per share, for a total transaction of £48,000.

Ashoni (Ash) Kumar Mehta also recently made the following trade(s):

• On Thursday, July 16th, Ashoni (Ash) Kumar Mehta purchased 40,000 shares of Celebrus Technologies stock. The shares were acquired at an average price of GBX 102 per share, with a total value of £40,800.
• On Wednesday, July 15th, Ashoni (Ash) Kumar Mehta bought 10,000 shares of Celebrus Technologies stock. The stock was bought at an average cost of GBX 99 per share, with a total value of £9,900.

Celebrus Technologies Stock Performance

Shares of CLBS stock opened at GBX 105 on Friday. Celebrus Technologies plc has a fifty-two week low of GBX 74 and a fifty-two week high of GBX 194. The company has a market capitalization of £39.81 million, a P/E ratio of 11.06 and a beta of 0.84. The stock has a 50 day moving average price of GBX 88.25 and a two-hundred day moving average price of GBX 107.03.

Celebrus Technologies (LON:CLBS) last issued its earnings results on Tuesday, July 14th. The company reported GBX 1.07 EPS for the quarter. Celebrus Technologies had a negative return on equity of 1.32% and a negative net margin of 2.17%.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lowered their target price on Celebrus Technologies from GBX 280 to GBX 150 and set a “buy” rating on the stock in a research report on Monday, April 27th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 150.

Trending Headlines about Celebrus Technologies

Here are the key news stories impacting Celebrus Technologies this week:

• Positive Sentiment: Chief Financial Officer Ashoni (Ash) Kumar Mehta bought additional shares this week, including 40,000 shares at GBX 102 and earlier purchases of 50,000 shares at GBX 96 and 10,000 shares at GBX 99. Repeated open-market buying by a top executive is often viewed positively by investors. Article Title
• Positive Sentiment: Another director, Helen Patricia Gilder, also purchased shares, reinforcing the impression that insiders may believe the stock is undervalued after recent weakness. Article Title
• Neutral Sentiment: Celebrus recently reported quarterly earnings of GBX 1.07 per share, but profitability remains pressured with a negative net margin and negative return on equity. Article Title
• Negative Sentiment: Investors are still digesting a report that profits slumped due to deal delays, which suggests near-term execution risk and helps explain why the stock has not fully recovered to prior levels. Article Title
• Negative Sentiment: Canaccord Genuity previously cut its price target on Celebrus Technologies from GBX 280 to GBX 150, highlighting more cautious expectations despite maintaining a buy rating. Article Title

Celebrus Technologies Company Profile

As a disruptive data technology platform, Celebrus is focused on improving the relationships between brands and consumers via better data. Celebrus redefines what digital identity verification means to power both next-level marketing and fraud prevention use cases. Deployed across 30+ countries throughout the financial services, healthcare, retail, travel, and telecommunications sectors, Celebrus automatically captures, contextualises, and activates consumer behavioral data in live-time across all digital channels.