Insider Selling: Simulations Plus (NASDAQ:SLP) CRO Sells $18,360.00 in Stock

Simulations Plus, Inc. (NASDAQ:SLP) CRO John Anthony Dibella II sold 1,000 shares of the firm’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $18.36, for a total value of $18,360.00. Following the transaction, the executive owned 86,140 shares of the company’s stock, valued at $1,581,530.40. This trade represents a 1.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Anthony Dibella II also recently made the following trade(s):

• On Wednesday, April 15th, John Anthony Dibella II sold 1,000 shares of Simulations Plus stock. The stock was sold at an average price of $13.37, for a total transaction of $13,370.00.

Simulations Plus Stock Performance

NASDAQ SLP opened at $18.24 on Friday. The firm has a 50 day simple moving average of $16.55 and a 200-day simple moving average of $15.49. Simulations Plus, Inc. has a one year low of $11.09 and a one year high of $21.01. The firm has a market cap of $368.45 million, a price-to-earnings ratio of -5.83 and a beta of 1.30.

Simulations Plus (NASDAQ:SLP) last announced its earnings results on Thursday, July 9th. The technology company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.07. The firm had revenue of $21.89 million for the quarter, compared to the consensus estimate of $20.90 million. Simulations Plus had a net margin of 9.88% and a return on equity of 13.78%. Equities analysts predict that Simulations Plus, Inc. will post 0.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Simulations Plus

Large investors have recently bought and sold shares of the business. First Light Asset Management LLC lifted its holdings in Simulations Plus by 33.7% during the 1st quarter. First Light Asset Management LLC now owns 2,632,823 shares of the technology company’s stock worth $31,120,000 after buying an additional 663,906 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Simulations Plus by 25.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 875,447 shares of the technology company’s stock valued at $15,277,000 after acquiring an additional 176,747 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Simulations Plus by 127.5% in the 4th quarter. Marshall Wace LLP now owns 569,783 shares of the technology company’s stock valued at $10,387,000 after acquiring an additional 319,301 shares during the last quarter. Stephens Investment Management Group LLC raised its position in shares of Simulations Plus by 30.8% during the 4th quarter. Stephens Investment Management Group LLC now owns 513,728 shares of the technology company’s stock worth $9,365,000 after acquiring an additional 120,888 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its position in shares of Simulations Plus by 1,898.1% during the 4th quarter. First Eagle Investment Management LLC now owns 457,155 shares of the technology company’s stock worth $8,334,000 after acquiring an additional 434,275 shares in the last quarter. Hedge funds and other institutional investors own 78.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SLP shares. Weiss Ratings upgraded Simulations Plus from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, June 5th. Craig Hallum cut Simulations Plus from a “buy” rating to a “hold” rating and set a $18.50 price objective for the company. in a research note on Thursday, June 18th. TD Cowen lowered their price objective on Simulations Plus from $19.00 to $16.00 and set a “hold” rating for the company in a research report on Friday, April 10th. William Blair lowered shares of Simulations Plus from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 17th. Finally, Wall Street Zen cut shares of Simulations Plus from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $19.88.

Simulations Plus Company Profile

Simulations Plus, Inc (NASDAQ: SLP) specializes in advanced modeling and simulation software tailored to the pharmaceutical, biotechnology and chemical industries. The company’s flagship products include ADMET Predictor, a quantitative structure-activity relationship (QSAR) tool for predicting absorption, distribution, metabolism, excretion and toxicity properties, and GastroPlus, a physiologically based pharmacokinetic (PBPK) modeling platform for simulating drug absorption and pharmacokinetics.