Sam Mudd Purchases 25,425 Shares of Bytes Technology Group (LON:BYIT) Stock

Key Points

• Sam Mudd, an insider at Bytes Technology Group plc, purchased 25,425 shares for a total of £99,411.75 ($134,285.76) at an average price of GBX 391 ($5.28) on August 18th.
• Bytes Technology's stock has experienced fluctuations, with a 52-week low of GBX 317.60 ($4.29) and a high of GBX 563 ($7.61), currently trading at GBX 391.40 ($5.29).
• Several analysts have downgraded their ratings for Bytes Technology, with Shore Capital and Deutsche Bank moving to a "hold" rating and lowering price targets.

Bytes Technology Group plc (LON:BYIT - Get Free Report) insider Sam Mudd bought 25,425 shares of Bytes Technology Group stock in a transaction that occurred on Monday, August 18th. The shares were acquired at an average price of GBX 391 per share, for a total transaction of £99,411.75.

Sam Mudd also recently made the following trade(s):

• On Tuesday, June 24th, Sam Mudd sold 65,264 shares of Bytes Technology Group stock. The stock was sold at an average price of GBX 500, for a total transaction of £326,320.
• On Tuesday, June 24th, Sam Mudd sold 20,548 shares of Bytes Technology Group stock. The stock was sold at an average price of GBX 500, for a total transaction of £102,740.

Bytes Technology Group Stock Up 1.5%

BYIT stock traded up GBX 6 during trading on Friday, reaching GBX 403. The stock had a trading volume of 1,060,355 shares, compared to its average volume of 1,136,805. Bytes Technology Group plc has a 1-year low of GBX 317.60 and a 1-year high of GBX 563. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 0.67. The company has a market capitalization of £975.46 million, a P/E ratio of 18.73, a PEG ratio of 2.27 and a beta of 0.65. The firm has a fifty day moving average price of GBX 393.41 and a 200 day moving average price of GBX 451.67.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Bytes Technology Group from GBX 575 to GBX 470 and set a "hold" rating on the stock in a report on Wednesday, July 2nd. Shore Capital lowered shares of Bytes Technology Group to a "hold" rating in a report on Wednesday, July 2nd. Finally, Berenberg Bank lowered shares of Bytes Technology Group to a "hold" rating and cut their price objective for the stock from GBX 660 to GBX 390 in a report on Wednesday, July 2nd. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Bytes Technology Group currently has a consensus rating of "Hold" and a consensus price target of GBX 430.

About Bytes Technology Group

With a 40-year track record, Bytes Technology Group is one of the UK and Ireland's leading software, security, AI and cloud services specialists. We enable effective and cost-efficient technology sourcing, adoption and management across software, security, hardware, and AI and cloud services. Our strong relationships with many of the world's largest software companies enable our specialist staff to deliver the latest technology to a diverse and embedded customer base.