Key Points
- Director Walter Woltosz sold 4,177 shares of Simulations Plus on July 1 at an average price of $18.44, generating about $77,024. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Woltosz still owned 3,202,131 shares valued at roughly $59.0 million, and his ownership declined by just 0.13%.
- Simulations Plus recently reported better-than-expected quarterly results, with EPS of $0.35 versus the $0.27 estimate and revenue of $24.29 million versus $21.66 million expected. Despite the beat, Wall Street’s view remains cautious, with a consensus Hold rating and a $19.88 price target.
Simulations Plus, Inc. (NASDAQ:SLP - Get Free Report) Director Walter Woltosz sold 4,177 shares of the company's stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $18.44, for a total transaction of $77,023.88. Following the completion of the sale, the director owned 3,202,131 shares of the company's stock, valued at $59,047,295.64. This represents a 0.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Simulations Plus Price Performance
Simulations Plus stock opened at $18.36 on Tuesday. Simulations Plus, Inc. has a one year low of $11.09 and a one year high of $21.01. The company's fifty day moving average price is $16.25 and its two-hundred day moving average price is $15.48. The company has a market capitalization of $370.97 million, a price-to-earnings ratio of -5.87 and a beta of 1.30.
Simulations Plus (NASDAQ:SLP - Get Free Report) last released its quarterly earnings results on Thursday, April 9th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.08. The company had revenue of $24.29 million during the quarter, compared to the consensus estimate of $21.66 million. Simulations Plus had a positive return on equity of 16.21% and a negative net margin of 77.96%. As a group, sell-side analysts anticipate that Simulations Plus, Inc. will post 0.8 earnings per share for the current year.
Wall Street Analyst Weigh In
Several brokerages have commented on SLP. TD Cowen lowered their price target on Simulations Plus from $19.00 to $16.00 and set a "hold" rating on the stock in a report on Friday, April 10th. Craig Hallum downgraded shares of Simulations Plus from a "buy" rating to a "hold" rating and set a $18.50 price objective for the company. in a report on Thursday, June 18th. Wall Street Zen lowered shares of Simulations Plus from a "buy" rating to a "hold" rating in a research note on Saturday, June 13th. Weiss Ratings upgraded shares of Simulations Plus from a "sell (d-)" rating to a "sell (d)" rating in a report on Friday, June 5th. Finally, William Blair lowered shares of Simulations Plus from an "outperform" rating to a "market perform" rating in a research report on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Simulations Plus currently has a consensus rating of "Hold" and a consensus price target of $19.88.
View Our Latest Research Report on SLP
Hedge Funds Weigh In On Simulations Plus
A number of institutional investors and hedge funds have recently bought and sold shares of SLP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Simulations Plus by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,493 shares of the technology company's stock valued at $233,000 after purchasing an additional 390 shares during the last quarter. Bank of New York Mellon Corp grew its position in Simulations Plus by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 63,592 shares of the technology company's stock worth $752,000 after purchasing an additional 844 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Simulations Plus by 5.9% during the 4th quarter. Deutsche Bank AG now owns 15,825 shares of the technology company's stock worth $288,000 after purchasing an additional 875 shares during the period. Prudential Financial Inc. increased its holdings in shares of Simulations Plus by 5.7% during the 2nd quarter. Prudential Financial Inc. now owns 17,213 shares of the technology company's stock worth $300,000 after purchasing an additional 930 shares during the period. Finally, Invesco Ltd. raised its position in shares of Simulations Plus by 3.8% during the second quarter. Invesco Ltd. now owns 36,452 shares of the technology company's stock valued at $636,000 after buying an additional 1,323 shares during the last quarter. Institutional investors own 78.08% of the company's stock.
About Simulations Plus
(
Get Free Report)
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.
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