Sapient Corp. (NASDAQ:SAPE) Director J Stuart Moore sold 100,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $15.56, for a total transaction of $1,556,000.00. Following the completion of the transaction, the director now directly owns 6,769,105 shares in the company, valued at approximately $105,327,274. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
SAPE has been the subject of a number of recent research reports. Analysts at Northland Securities initiated coverage on shares of Sapient Corp. (NASDAQ:SAPE) in a research note to investors on Friday, August 9th. They set a “market perform” rating and a $14.00 price target on the stock. Separately, analysts at Northland Capital Partners initiated coverage on shares of Sapient Corp. (NASDAQ:SAPE) in a research note to investors on Friday, August 9th. They set a “market perform” rating and a $14.00 price target on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Sapient Corp. (NASDAQ:SAPE) from $14.50 to $15.50 in a research note to investors on Wednesday, August 7th. They now have an “outperform” rating on the stock.
Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Sapient Corp. has an average rating of “Hold” and an average target price of $14.25.
Sapient Corp. (NASDAQ:SAPE) traded up 0.19% during mid-day trading on Monday, hitting $15.98. 832,697 shares of the company’s stock traded hands. Sapient Corp. has a 52-week low of $9.90 and a 52-week high of $16.15. The stock has a 50-day moving average of $15.32 and a 200-day moving average of $13.14. The company has a market cap of $2.234 billion and a P/E ratio of 31.21.
Sapient Corp. (NASDAQ:SAPE) last announced its earnings results on Tuesday, August 6th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.10. The company had revenue of $314.30 million for the quarter, compared to the consensus estimate of $305.06 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, analysts predict that Sapient Corp. will post $0.54 earnings per share for the current fiscal year.
Sapient Corporation (NASDAQ:SAPE) is a global services company, which helps clients leverage marketing and technology to transform their businesses.