Key Points
- CI&T director Fernando Matt Borges Martins bought 4,123 shares at an average price of $3.18, investing approximately $13,111 and becoming the direct owner of those shares.
- CI&T shares opened at $3.21, with the stock trading below its 50-day and 200-day moving averages. The company’s latest quarterly earnings missed estimates at $0.07 per share, although revenue exceeded expectations.
- Analyst sentiment remains moderately bullish, with seven Buy ratings and an average price target of $6.08, but recent target cuts, a downgrade to Hold, and a Sell rating highlight ongoing concerns.
CI&T Inc. (NYSE:CINT - Get Free Report) Director Fernando Matt Borges Martins bought 4,123 shares of CI&T stock in a transaction dated Thursday, October 1st. The stock was purchased at an average cost of $3.18 per share, for a total transaction of $13,111.14. Following the completion of the acquisition, the director directly owned 4,123 shares of the company's stock, valued at approximately $13,111.14. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
CI&T Price Performance
NYSE:CINT opened at $3.21 on Friday. The business's 50-day moving average is $3.36 and its 200 day moving average is $3.80. CI&T Inc. has a 12 month low of $2.80 and a 12 month high of $5.80. The company has a market capitalization of $432.54 million, a P/E ratio of 11.08 and a beta of 0.83. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.15.
CI&T (NYSE:CINT - Get Free Report) last released 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). CI&T had a net margin of 6.79% and a return on equity of 11.69%. The firm had revenue of $142.82 million for the quarter, compared to analysts' expectations of $140.05 million. On average, equities research analysts forecast that CI&T Inc. will post 0.31 earnings per share for the current fiscal year.
Institutional Trading of CI&T
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CINT. Squarepoint Ops LLC purchased a new position in shares of CI&T during the second quarter valued at approximately $43,000. Beacon Hill Wealth Management LTD. purchased a new stake in shares of CI&T in the second quarter worth approximately $617,000. AXQ Capital LP purchased a new stake in shares of CI&T in the second quarter worth approximately $74,000. Wedbush Securities Inc. lifted its stake in shares of CI&T by 118.1% during the 2nd quarter. Wedbush Securities Inc. now owns 41,600 shares of the company's stock worth $139,000 after acquiring an additional 22,525 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new stake in shares of CI&T during the 1st quarter worth approximately $181,000. 92.45% of the stock is owned by hedge funds and other institutional investors.
Key CI&T News
Here are the key news stories impacting CI&T this week:
- Positive Sentiment: CEO Cesar Nivaldo Gon purchased a combined 6,684 shares for approximately $20,145 across transactions on September 29 and 30, increasing his holdings by roughly 8.8%. Insider Buying: CI&T CEO Buys Stock
- Positive Sentiment: Insider and director Fernando Matt Borges Martins bought 4,123 shares for $13,111 at an average price of $3.18. Bruno Guicardi Neto also acquired 2,825 shares for approximately $8,410 across two transactions. The buying was disclosed in Securities and Exchange Commission filings. SEC Insider Ownership Filing
- Positive Sentiment: Wall Street’s overall view remains favorable: seven analysts rate CI&T Buy, three rate it Hold and one rates it Sell. The consensus price target of $6.08 is well above the recent trading range, potentially supporting investor interest.
- Neutral Sentiment: Institutional ownership is high at 92.45%, with several funds recently initiating or increasing positions. This may provide some shareholder support but does not represent a new company catalyst.
- Negative Sentiment: Recent analyst actions have been mixed. TD Cowen, UBS and JPMorgan reduced their price targets, while Wedbush downgraded the stock to Neutral and Weiss Ratings maintained a Sell rating. The latest quarterly earnings also missed the consensus earnings-per-share estimate, despite revenue exceeding expectations.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of CI&T from a "strong sell" rating to a "hold" rating in a research report on Monday, September 21st. UBS Group lowered 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. Wall Street Zen lowered shares of CI&T from a "buy" rating to a "hold" rating in a research report on Saturday, June 13th. TD Cowen dropped their price objective on shares of CI&T from $6.00 to $5.00 and set a "buy" rating for the company in a research note on Wednesday, August 12th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of CI&T in a report on Friday, September 25th. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, CI&T currently has an average rating of "Moderate Buy" and an average target price of $6.08.
Check Out Our Latest Stock Analysis 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.
Further Reading
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