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Insider Buying: Spirent Communications (LON:SPT) Insider Buys 63 Shares of Stock

Spirent Communications logo with Computer and Technology background

Key Points

  • Insider Paula Bell of Spirent Communications purchased 63 shares at an average price of GBX 197 per share, totaling £124.11, indicating confidence in the company's stock.
  • Spirent Communications' stock has a market capitalization of £1.41 billion and a recent P/E ratio of 106.28, reflecting a potentially high valuation.
  • Canaccord Genuity downgraded Spirent Communications to a "hold" rating with a price target of GBX 199, while the consensus target price remains at GBX 236, indicating mixed analyst outlooks.
  • Need better tools to track Spirent Communications? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Spirent Communications plc (LON:SPT - Get Free Report) insider Paula Bell purchased 63 shares of the firm's stock in a transaction dated Tuesday, August 26th. The shares were bought at an average cost of GBX 197 per share, with a total value of £124.11.

Paula Bell also recently made the following trade(s):

  • On Tuesday, June 24th, Paula Bell acquired 65 shares of Spirent Communications stock. The shares were acquired at an average price of GBX 192 per share, for a total transaction of £124.80.

Spirent Communications Price Performance

LON:SPT opened at GBX 196.60 on Thursday. Spirent Communications plc has a fifty-two week low of GBX 165 and a fifty-two week high of GBX 200. The company's 50-day simple moving average is GBX 194.63 and its 200-day simple moving average is GBX 189.62. The company has a debt-to-equity ratio of 5.25, a quick ratio of 1.95 and a current ratio of 1.82. The stock has a market capitalization of £1.41 billion, a P/E ratio of 106.28, a P/E/G ratio of 5.73 and a beta of 0.57.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group cut shares of Spirent Communications to a "hold" rating and set a GBX 199 price objective for the company. in a research report on Monday, August 18th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 236.

Check Out Our Latest Analysis on Spirent Communications

Spirent Communications Company Profile

(Get Free Report)

Spirent Communications plc provides automated test and assurance solutions in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Lifecycle Service Assurance, and Networks & Security segments. The Lifecycle Service Assurance segment offers lab-based testing solutions for 5G mobile core networks, and cellular and Wi-Fi devices, as well as live solutions.

Further Reading

Insider Buying and Selling by Quarter for Spirent Communications (LON:SPT)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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