Insider Buying: Celebrus Technologies (LON:CLBS) Insider Buys £9,900 in Stock

Celebrus Technologies plc (LON:CLBS) insider Ashoni (Ash) Kumar Mehta bought 10,000 shares of Celebrus Technologies stock in a transaction that occurred on Wednesday, July 15th. The stock was bought at an average price of GBX 99 per share, with a total value of £9,900.

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 purchased at an average price of GBX 102 per share, with a total value of £40,800.
• On Tuesday, July 14th, Ashoni (Ash) Kumar Mehta purchased 50,000 shares of Celebrus Technologies stock. The stock was acquired at an average cost of GBX 96 per share, for a total transaction of £48,000.

Celebrus Technologies Stock Performance

Shares of LON:CLBS opened at GBX 105 on Friday. The stock’s 50-day moving average is GBX 88.25 and its 200-day moving average is GBX 107.03. The company has a market cap of £39.81 million, a P/E ratio of 11.06 and a beta of 0.84. Celebrus Technologies plc has a 52-week low of GBX 74 and a 52-week high of GBX 194.

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

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their price objective on Celebrus Technologies from GBX 280 to GBX 150 and set a “buy” rating for the company in a research report on Monday, April 27th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 150.

Key Celebrus Technologies News

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

About Celebrus Technologies

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.