Key Points
- Insight Enterprises General Counsel Karim Adatia sold 248 shares at an average price of $157.40, generating proceeds of $39,035.20. The transaction was disclosed in an SEC filing.
- NSIT shares opened at $154.07, near their 12-month high of $159.41, while the company’s latest quarterly results exceeded expectations with $3.86 in EPS and $2.40 billion in revenue.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $147.50, although ratings range from Hold to Strong Buy.
Insight Enterprises, Inc. (NASDAQ:NSIT - Get Free Report) General Counsel Karim Adatia sold 248 shares of the business's stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $157.40, for a total transaction of $39,035.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Insight Enterprises Trading Down 1.9%
Shares of NASDAQ:NSIT opened at $154.07 on Wednesday. The firm has a fifty day moving average of $131.98 and a two-hundred day moving average of $102.07. The firm has a market capitalization of $4.52 billion, a P/E ratio of 22.56, a price-to-earnings-growth ratio of 1.14 and a beta of 1.10. Insight Enterprises, Inc. has a 12-month low of $63.62 and a 12-month high of $159.41. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.92.
Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share for the quarter, topping analysts' consensus estimates of $2.93 by $0.93. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the business posted $2.45 earnings per share. Insight Enterprises's revenue for the quarter was up 14.7% compared to the same quarter last year. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. On average, equities analysts expect that Insight Enterprises, Inc. will post 11.5 EPS for the current fiscal year.
Institutional Trading of Insight Enterprises
Several large investors have recently made changes to their positions in NSIT. CWM LLC boosted its position in Insight Enterprises by 39.2% during the fourth quarter. CWM LLC now owns 529 shares of the software maker's stock worth $43,000 after purchasing an additional 149 shares during the period. Caitong International Asset Management Co. Ltd raised its position in shares of Insight Enterprises by 172.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 582 shares of the software maker's stock valued at $47,000 after purchasing an additional 368 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Insight Enterprises by 40.3% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 592 shares of the software maker's stock worth $48,000 after buying an additional 170 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Insight Enterprises by 467.1% during the 4th quarter. Hantz Financial Services Inc. now owns 811 shares of the software maker's stock worth $66,000 after buying an additional 668 shares during the period. Finally, Covestor Ltd boosted its holdings in shares of Insight Enterprises by 32.2% during the 4th quarter. Covestor Ltd now owns 879 shares of the software maker's stock worth $72,000 after buying an additional 214 shares during the period.
Wall Street Analyst Weigh In
NSIT has been the subject of a number of recent research reports. Weiss Ratings raised Insight Enterprises from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. Raymond James Financial restated an "outperform" rating and issued a $175.00 price objective on shares of Insight Enterprises in a report on Thursday, August 6th. Needham & Company LLC raised shares of Insight Enterprises to an "overweight" rating in a research report on Wednesday, May 27th. JPMorgan Chase & Co. lifted their target price on shares of Insight Enterprises from $135.00 to $160.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Finally, Canaccord Genuity Group set a $75.00 price target on shares of Insight Enterprises in a research note on Friday, May 8th. One 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 data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $147.50.
Read Our Latest Report on NSIT
About Insight Enterprises
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
