Key Points
- CI&T CEO Cesar Nivaldo Gon increased his stake by purchasing 3,835 shares at $2.95 each, worth $11,313.25. He also bought 2,849 additional shares the following day at $3.10 per share.
- CI&T shares opened at $3.22, near the lower end of their 12-month range of $2.80 to $5.80. The company recently missed quarterly earnings estimates, reporting $0.07 per share versus the $0.09 consensus, though revenue exceeded expectations.
- Analysts maintain a consensus “Moderate Buy” rating with an average price target of $6.08, despite several recent target reductions and one “Sell” rating. Institutional investors own approximately 92.45% of the company.
CI&T Inc. (NYSE:CINT - Get Free Report) CEO Cesar Nivaldo Gon bought 3,835 shares of the business's stock in a transaction that occurred on Tuesday, September 29th. The stock was purchased at an average cost of $2.95 per share, for a total transaction of $11,313.25. Following the completion of the transaction, the chief executive officer directly owned 79,043 shares in the company, valued at approximately $233,176.85. This trade represents a 5.10% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Cesar Nivaldo Gon also recently made the following trade(s):
- On Wednesday, September 30th, Cesar Nivaldo Gon purchased 2,849 shares of CI&T stock. The shares were purchased at an average cost of $3.10 per share, with a total value of $8,831.90.
CI&T Stock Performance
Shares of NYSE:CINT opened at $3.22 on Friday. The firm has a market capitalization of $433.89 million, a PE ratio of 11.12 and a beta of 0.83. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.31 and a quick ratio of 1.31. The business has a 50-day moving average of $3.36 and a two-hundred day moving average of $3.80. CI&T Inc. has a 12 month low of $2.80 and a 12 month high of $5.80.
CI&T (NYSE:CINT - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $142.82 million during 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%. As a group, research analysts forecast that CI&T Inc. will post 0.31 earnings per share for the current year.
Institutional Trading of CI&T
Several large investors have recently bought and sold shares of the company. GMT Capital Corp purchased a new stake in shares of CI&T during the fourth quarter valued at approximately $1,786,000. Beacon Hill Wealth Management LTD. acquired a new stake in CI&T during the 2nd quarter valued at $617,000. Lazard Asset Management LLC increased its stake in CI&T by 6.4% during the 1st quarter. Lazard Asset Management LLC now owns 102,742 shares of the company's stock worth $521,000 after buying an additional 6,171 shares during the period. NewEdge Advisors LLC purchased a new stake in CI&T during the 1st quarter worth $181,000. Finally, R Squared Ltd lifted its holdings in CI&T by 24.1% in the 1st quarter. R Squared Ltd now owns 34,521 shares of the company's stock worth $175,000 after buying an additional 6,707 shares in the last quarter. Institutional investors and hedge funds own 92.45% of the company's stock.
Analysts Set New Price Targets
CINT has been the topic of a number of recent research reports. TD Cowen reduced their price target on shares of CI&T from $6.00 to $5.00 and set a "buy" rating on the stock in a research report on Wednesday, August 12th. UBS Group dropped their price objective on shares of CI&T from $7.20 to $6.20 and set a "buy" rating for the company in a research report on Wednesday, August 12th. Weiss Ratings reissued a "sell (d+)" rating on shares of CI&T in a research note on Friday, September 25th. JPMorgan Chase & Co. decreased their price target on shares of CI&T from $6.00 to $5.00 and set an "overweight" rating for the company in a research report on Wednesday, August 12th. Finally, Wedbush downgraded CI&T from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $7.00 to $4.00 in a report on Tuesday, July 21st. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, CI&T presently has an average rating of "Moderate Buy" and a consensus target price of $6.08.
Check Out Our Latest Report on CI&T
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.
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