Insight Enterprises, Inc. (NASDAQ:NSIT) insider Rachael A. Bertrandt sold 380 shares of Insight Enterprises stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $65.64, for a total value of $24,943.20. Following the sale, the insider now directly owns 1,439 shares of the company’s stock, valued at approximately $94,455.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NASDAQ:NSIT traded down $0.71 on Monday, reaching $64.88. The company had a trading volume of 130,931 shares, compared to its average volume of 234,070. Insight Enterprises, Inc. has a twelve month low of $37.77 and a twelve month high of $66.91. The stock has a 50-day moving average price of $61.71 and a 200 day moving average price of $55.68. The stock has a market capitalization of $2.31 billion, a P/E ratio of 14.01 and a beta of 1.22. The company has a quick ratio of 1.47, a current ratio of 1.60 and a debt-to-equity ratio of 0.76.
Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Wednesday, November 6th. The software maker reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.03. Insight Enterprises had a return on equity of 17.21% and a net margin of 2.28%. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, sell-side analysts predict that Insight Enterprises, Inc. will post 5.46 earnings per share for the current fiscal year.
A number of analysts recently issued reports on the company. BidaskClub raised Insight Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. ValuEngine cut Insight Enterprises from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Zacks Investment Research raised Insight Enterprises from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. assumed coverage on Insight Enterprises in a research report on Thursday, September 12th. They set an “overweight” rating and a $68.00 price objective for the company. Finally, B. Riley set a $79.00 price objective on Insight Enterprises and gave the company a “buy” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $66.25.
About Insight Enterprises
Insight Enterprises, Inc provides information technology (IT) hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, procures, stages, configures, integrates, tests, deploys, and maintains IT products spanning endpoints to infrastructure; and offers software life cycle, and hardware warranty and software maintenance services.
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