Key Points
- Director Fernando Matt Borges Martins increased his CI&T position substantially, buying 6,629 shares at an average of $3.15 per share for approximately $20,881. He also purchased 9,116 shares on October 7 and 4,123 shares on October 1.
- CI&T shares opened at $3.07, near the lower end of their 52-week range of $2.80 to $5.80. The company recently reported quarterly EPS of $0.07, below the $0.09 consensus, while revenue of $142.82 million exceeded expectations.
- Analyst sentiment remains a Moderate Buy, with an average price target of $6.08, despite recent target cuts. Institutional investors own 92.45% of the company’s outstanding shares.
CI&T Inc. (NYSE:CINT - Get Free Report) Director Fernando Matt Borges Martins purchased 6,629 shares of the firm's stock in a transaction that occurred on Tuesday, October 6th. The shares were acquired at an average cost of $3.15 per share, with a total value of $20,881.35. Following the completion of the purchase, the director directly owned 10,752 shares in the company, valued at $33,868.80. The trade was a 160.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Fernando Matt Borges Martins also recently made the following trade(s):
- On Wednesday, October 7th, Fernando Matt Borges Martins acquired 9,116 shares of CI&T stock. The shares were acquired at an average price of $3.12 per share, with a total value of $28,441.92.
- On Thursday, October 1st, Fernando Matt Borges Martins acquired 4,123 shares of CI&T stock. The stock was acquired at an average cost of $3.18 per share, for a total transaction of $13,111.14.
CI&T Stock Performance
CINT stock opened at $3.07 on Friday. CI&T Inc. has a twelve month low of $2.80 and a twelve month high of $5.80. The firm has a market cap of $413.03 million, a price-to-earnings ratio of 10.58 and a beta of 0.83. The business's fifty day simple moving average is $3.35 and its two-hundred day simple moving average is $3.73. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.15.
CI&T (NYSE:CINT - Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02). The company had revenue of $142.82 million for the quarter, compared to analysts' expectations of $140.05 million. CI&T had a net margin of 6.79% and a return on equity of 11.69%. Analysts predict that CI&T Inc. will post 0.31 earnings per share for the current year.
Institutional Trading of CI&T
A number of hedge funds have recently added to or reduced their stakes in CINT. GMT Capital Corp bought a new position in CI&T during the 4th quarter worth about $1,786,000. Beacon Hill Wealth Management LTD. bought a new stake in shares of CI&T in the 2nd quarter valued at about $617,000. Lazard Asset Management LLC lifted its position in shares of CI&T by 6.4% in the 1st quarter. Lazard Asset Management LLC now owns 102,742 shares of the company's stock worth $521,000 after purchasing an additional 6,171 shares during the period. Wedbush Securities Inc. lifted its position in shares of CI&T by 118.1% in the 2nd quarter. Wedbush Securities Inc. now owns 41,600 shares of the company's stock worth $139,000 after purchasing an additional 22,525 shares during the period. Finally, NewEdge Advisors LLC bought a new position in shares of CI&T during the first quarter valued at approximately $181,000. 92.45% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
CINT has been the subject of several research reports. TD Cowen lowered 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 report on Wednesday, August 12th. 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 note on Wednesday, August 12th. Weiss Ratings reiterated a "sell (d+)" rating on shares of CI&T in a report on Friday, September 25th. Zacks Research raised CI&T from a "strong sell" rating to a "hold" rating in a research note on Monday, September 21st. Finally, UBS Group reduced their price objective on CI&T from $7.20 to $6.20 and set a "buy" rating on the stock in a report on Wednesday, August 12th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $6.08.
Read Our Latest Stock Analysis on CI&T
About CI&T
(
Get Free Report)
CI&T (NYSE:CINT) is a global technology and digital transformation services company that helps organizations modernize their operations, customer experiences and technology platforms. Its offerings include business and technology strategy, product design, software engineering, cloud modernization, data and artificial intelligence, cybersecurity, and managed technology services.
Founded in 1995 and headquartered in Campinas, Brazil, CI&T works with clients across industries such as consumer products, financial services, healthcare, manufacturing and retail.
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