Insight Enterprises, Inc. (NASDAQ:NSIT) Insider Rachael A. Bertrandt Sells 380 Shares of Stock
Insight Enterprises, Inc. (NASDAQ:NSIT) insider Rachael A. Bertrandt sold 380 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $65.64, for a total value of $24,943.20. Following the transaction, the insider now owns 1,439 shares of the company’s stock, valued at approximately $94,455.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
NSIT stock opened at $64.88 on Tuesday. Insight Enterprises, Inc. has a 12 month low of $37.77 and a 12 month high of $66.91. The firm’s 50-day moving average is $62.27 and its 200 day moving average is $55.84. The company has a market capitalization of $2.31 billion, a PE ratio of 14.01 and a beta of 1.22. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.60 and a quick ratio of 1.47.
Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Wednesday, November 6th. The software maker reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.03. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Insight Enterprises had a net margin of 2.28% and a return on equity of 17.21%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 EPS. Sell-side analysts forecast that Insight Enterprises, Inc. will post 5.46 EPS for the current fiscal year.
A number of research analysts have recently commented on NSIT shares. JPMorgan Chase & Co. initiated coverage on Insight Enterprises in a research note on Thursday, September 12th. They set an “overweight” rating and a $68.00 target price on the stock. Zacks Investment Research upgraded Insight Enterprises from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Friday, August 9th. ValuEngine downgraded Insight Enterprises from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. B. Riley set a $79.00 target price on Insight Enterprises and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, BidaskClub upgraded Insight Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $66.25.
Insight Enterprises Company Profile
Insight Enterprises, Inc provides information technology (IT) hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, procures, stages, configures, integrates, tests, deploys, and maintains IT products spanning endpoints to infrastructure; and offers software life cycle, and hardware warranty and software maintenance services.
Further Reading: Quiet Period Expirations
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