Insider Selling: Rosetta Stone Inc (NYSE:RST) Insider Sells 2,500 Shares of Stock

Rosetta Stone Inc (NYSE:RST) insider Nicholas C. Gaehde sold 2,500 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $24.68, for a total transaction of $61,700.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Nicholas C. Gaehde also recently made the following trade(s):

  • On Monday, April 15th, Nicholas C. Gaehde sold 2,500 shares of Rosetta Stone stock. The stock was sold at an average price of $23.59, for a total transaction of $58,975.00.

Shares of Rosetta Stone stock traded up $0.05 during mid-day trading on Wednesday, hitting $23.92. 301,148 shares of the stock were exchanged, compared to its average volume of 212,712. Rosetta Stone Inc has a twelve month low of $14.14 and a twelve month high of $26.88. The stock has a market capitalization of $581.21 million, a P/E ratio of -25.10 and a beta of 0.33.

Rosetta Stone (NYSE:RST) last announced its quarterly earnings data on Tuesday, May 7th. The software maker reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.22. The company had revenue of $44.61 million for the quarter, compared to analysts’ expectations of $43.50 million. On average, equities research analysts predict that Rosetta Stone Inc will post -0.6 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Rosetta Stone from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Tuesday, May 14th. Lake Street Capital raised their price target on shares of Rosetta Stone from $21.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. ValuEngine raised shares of Rosetta Stone from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 1st. Finally, Barrington Research reaffirmed a “buy” rating and set a $27.00 price target (up from $24.00) on shares of Rosetta Stone in a research note on Thursday, March 7th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $28.00.

Several hedge funds have recently made changes to their positions in RST. Bank of New York Mellon Corp lifted its holdings in shares of Rosetta Stone by 15.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 70,984 shares of the software maker’s stock worth $1,412,000 after acquiring an additional 9,687 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Rosetta Stone by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,060,995 shares of the software maker’s stock worth $21,104,000 after acquiring an additional 6,215 shares during the period. Rhumbline Advisers lifted its holdings in shares of Rosetta Stone by 44.0% during the 4th quarter. Rhumbline Advisers now owns 27,843 shares of the software maker’s stock worth $457,000 after acquiring an additional 8,504 shares during the period. Columbus Circle Investors lifted its holdings in shares of Rosetta Stone by 21.6% during the 4th quarter. Columbus Circle Investors now owns 148,101 shares of the software maker’s stock worth $2,429,000 after acquiring an additional 26,295 shares during the period. Finally, AltraVue Capital LLC purchased a new position in shares of Rosetta Stone during the 4th quarter worth about $10,613,000. Institutional investors and hedge funds own 82.70% of the company’s stock.

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About Rosetta Stone

Rosetta Stone Inc, together with its subsidiaries, provides technology-based learning products in the United States and internationally. It operates through three segments: Literacy, E&E Language, and Consumer Language. The company develops, markets, and supports a suite of language-learning, literacy, and brain fitness solutions consisting of Web-based software subscriptions, perpetual software products, online and professional services, audio practice products, and mobile applications.

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