Insight Enterprises (NASDAQ:NSIT) Shares Pass Above 200 Day Moving Average – Time to Sell?

Shares of Insight Enterprises, Inc. (NASDAQ:NSIT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $89.19 and traded as high as $117.62. Insight Enterprises shares last traded at $115.67, with a volume of 458,768 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NSIT. Needham & Company LLC raised Insight Enterprises to an “overweight” rating in a report on Wednesday, May 27th. Canaccord Genuity Group set a $75.00 price objective on Insight Enterprises in a research report on Friday, May 8th. Wall Street Zen raised Insight Enterprises from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Raymond James Financial upgraded Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 target price for the company in a research report on Thursday, May 7th. Finally, Weiss Ratings raised shares of Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $100.00.

Insight Enterprises Price Performance

The company has a current ratio of 1.22, a quick ratio of 1.17 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $3.49 billion, a PE ratio of 20.22, a PEG ratio of 1.06 and a beta of 1.08. The firm has a fifty day moving average of $107.46 and a two-hundred day moving average of $89.19.

Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Thursday, May 7th. The software maker reported $2.88 EPS for the quarter, topping the consensus estimate of $2.45 by $0.43. Insight Enterprises had a net margin of 2.17% and a return on equity of 20.89%. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the firm earned $2.06 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. Research analysts anticipate that Insight Enterprises, Inc. will post 10.8 EPS for the current fiscal year.

Insider Buying and Selling

In other Insight Enterprises news, CFO James A. Morgado purchased 2,290 shares of the stock in a transaction on Monday, May 11th. The stock was acquired at an average price of $87.25 per share, with a total value of $199,802.50. Following the transaction, the chief financial officer directly owned 17,246 shares of the company’s stock, valued at approximately $1,504,713.50. This trade represents a 15.31% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.21% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NSIT. Assenagon Asset Management S.A. raised its stake in Insight Enterprises by 34.6% in the second quarter. Assenagon Asset Management S.A. now owns 60,746 shares of the software maker’s stock worth $7,399,000 after buying an additional 15,623 shares in the last quarter. Baron Wealth Management LLC purchased a new position in Insight Enterprises during the second quarter valued at $221,000. Henshaw Capital LLC boosted its holdings in Insight Enterprises by 27.2% in the first quarter. Henshaw Capital LLC now owns 18,620 shares of the software maker’s stock worth $1,248,000 after acquiring an additional 3,981 shares in the last quarter. Glenmede Trust Co. NA boosted its holdings in Insight Enterprises by 81.2% in the first quarter. Glenmede Trust Co. NA now owns 4,783 shares of the software maker’s stock worth $321,000 after acquiring an additional 2,143 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Insight Enterprises by 24.4% in the first quarter. Bank of America Corp DE now owns 316,014 shares of the software maker’s stock worth $21,176,000 after acquiring an additional 62,060 shares during the last quarter.

About Insight Enterprises

Insight Enterprises, Inc is a global technology provider headquartered in Tempe, Arizona. Founded in 1988, the company specializes in helping organizations harness the power of digital transformation by offering a comprehensive portfolio of IT hardware, software, cloud and licensing management solutions. Insight’s expertise spans across the full technology lifecycle, from initial strategy and consulting to implementation, integration and ongoing managed services.

At the core of Insight’s business are its consulting and professional services, which guide clients through complex technology environments and ensure optimal deployment of solutions.