Key Points
- CI&T insider Neto Bruno Guicardi purchased 5,389 shares at an average price of $3.21, investing $17,298.69 and increasing his ownership by 6.28% to 91,264 shares. He also bought 100 shares the previous day.
- CI&T shares opened at $3.13, near the lower end of their 12-month range of $2.80 to $5.88. The company recently reported quarterly EPS of $0.07, below the $0.09 analyst consensus, while revenue exceeded estimates.
- Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $6.08; institutional investors own approximately 92.45% of the stock.
CI&T Inc. (NYSE:CINT - Get Free Report) insider Neto Bruno Guicardi bought 5,389 shares of the business's stock in a transaction on Friday, September 11th. The shares were purchased at an average cost of $3.21 per share, for a total transaction of $17,298.69. Following the completion of the purchase, the insider owned 91,264 shares in the company, valued at approximately $292,957.44. This trade represents a 6.28% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Neto Bruno Guicardi also recently made the following trade(s):
- On Thursday, September 10th, Neto Bruno Guicardi bought 100 shares of CI&T stock. The stock was acquired at an average price of $3.10 per share, with a total value of $310.00.
CI&T Stock Performance
Shares of CI&T stock opened at $3.13 on Wednesday. CI&T Inc. has a 12 month low of $2.80 and a 12 month high of $5.88. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.15. The stock has a market cap of $421.37 million, a PE ratio of 10.80 and a beta of 0.81. The business has a fifty day simple moving average of $3.41 and a 200-day simple moving average of $3.98.
CI&T (NYSE:CINT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). The business had revenue of $142.82 million for the quarter, compared to analyst estimates of $140.05 million. CI&T had a net margin of 6.79% and a return on equity of 11.69%. On average, sell-side analysts anticipate that CI&T Inc. will post 0.31 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. TD Cowen decreased their price target on shares of CI&T from $6.00 to $5.00 and set a "buy" rating for the company in a report on Wednesday, August 12th. JPMorgan Chase & Co. dropped their price objective on shares of CI&T from $6.00 to $5.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 12th. Wedbush downgraded shares of CI&T from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $7.00 to $4.00 in a research report on Tuesday, July 21st. Wall Street Zen lowered shares of CI&T from a "buy" rating to a "hold" rating in a research note on Saturday, June 13th. Finally, Zacks Research cut shares of CI&T from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 28th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $6.08.
View Our Latest Research Report on CINT
Institutional Investors Weigh In On CI&T
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Royce & Associates LP lifted its holdings in shares of CI&T by 69.7% during the 4th quarter. Royce & Associates LP now owns 888,221 shares of the company's stock valued at $3,615,000 after buying an additional 364,696 shares during the last quarter. GMT Capital Corp bought a new position in CI&T during the fourth quarter valued at approximately $1,786,000. Beacon Hill Wealth Management LTD. bought a new position in CI&T during the second quarter valued at approximately $617,000. Lazard Asset Management LLC lifted its stake in CI&T by 6.4% in the first quarter. Lazard Asset Management LLC now owns 102,742 shares of the company's stock valued at $521,000 after acquiring an additional 6,171 shares during the last quarter. Finally, Wedbush Securities Inc. lifted its stake in CI&T by 118.1% in the second quarter. Wedbush Securities Inc. now owns 41,600 shares of the company's stock valued at $139,000 after acquiring an additional 22,525 shares during the last quarter. 92.45% of the stock is owned by hedge funds and other institutional investors.
About CI&T
(
Get Free Report)
CI&T, Inc is a global technology and digital transformation company that helps organizations develop, modernize and operate digital products and business systems. Its services include digital strategy, user experience and product design, software engineering, cloud technology, data and artificial intelligence, and the modernization of legacy applications.
The company works with businesses across industries such as financial services, consumer goods, healthcare, manufacturing and technology.
Recommended Stories
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].
