CI&T (NYSE:CINT) Director Purchases $13,111.14 in Stock

Key Points

• CI&T director Fernando Matt Borges Martins bought 4,123 shares at an average price of $3.18, investing $13,111.14 and bringing his holdings to 4,123 shares.
• CI&T shares recently traded at $3.21, near the lower end of their 52-week range of $2.80 to $5.80. The company’s latest quarterly EPS of $0.07 missed estimates, although revenue exceeded expectations.
• Analyst sentiment remains a “Moderate Buy”, with a consensus price target of $6.08, while institutional investors and hedge funds own 92.45% of the stock.

CI&T Inc. (NYSE:CINT - Get Free Report) Director Fernando Matt Borges Martins bought 4,123 shares of the firm's stock in a transaction on Thursday, October 1st. The shares were purchased at an average price of $3.18 per share, for a total transaction of $13,111.14. Following the completion of the transaction, the director owned 4,123 shares of the company's stock, valued at $13,111.14. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

CI&T Price Performance

CI&T stock traded up $0.07 during trading hours on Friday, hitting $3.21. The stock had a trading volume of 132,874 shares, compared to its average volume of 132,081. CI&T Inc. has a 1-year low of $2.80 and a 1-year high of $5.80. The stock has a market capitalization of $432.54 million, a price-to-earnings ratio of 11.08 and a beta of 0.83. The stock's fifty day moving average is $3.36 and its two-hundred day moving average is $3.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.31 and a quick ratio of 1.31.

CI&T (NYSE:CINT - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). The firm had revenue of $142.82 million for the quarter, compared to analyst estimates of $140.05 million. CI&T had a return on equity of 11.69% and a net margin of 6.79%. As a group, analysts predict that CI&T Inc. will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wedbush downgraded shares of CI&T from an "outperform" rating to a "neutral" rating and reduced their price target for the company from $7.00 to $4.00 in a report on Tuesday, July 21st. Wall Street Zen downgraded CI&T from a "buy" rating to a "hold" rating in a research report on Saturday, June 13th. JPMorgan Chase & Co. dropped their price target on CI&T from $6.00 to $5.00 and set an "overweight" rating for the company in a research report on Wednesday, August 12th. UBS Group dropped their price objective on CI&T from $7.20 to $6.20 and set a "buy" rating for the company in a research report on Wednesday, August 12th. Finally, Zacks Research raised shares of CI&T from a "strong sell" rating to a "hold" rating in a research note on Monday, September 21st. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $6.08.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC acquired a new stake in shares of CI&T in the second quarter worth approximately $43,000. Beacon Hill Wealth Management LTD. acquired a new position in CI&T during the second quarter worth approximately $617,000. AXQ Capital LP purchased a new position in CI&T during the second quarter worth approximately $74,000. Wedbush Securities Inc. raised its stake in CI&T by 118.1% during the second quarter. Wedbush Securities Inc. now owns 41,600 shares of the company's stock worth $139,000 after purchasing an additional 22,525 shares during the period. Finally, NewEdge Advisors LLC purchased a new position in CI&T during the first quarter worth approximately $181,000. 92.45% of the stock is currently owned by institutional investors and hedge funds.

About CI&T

CI&T, Inc is a global technology and digital transformation company that helps organizations develop, modernize and operate digital products and business systems. Its services include digital strategy, user experience and product design, software engineering, cloud technology, data and artificial intelligence, and the modernization of legacy applications.

The company works with businesses across industries such as financial services, consumer goods, healthcare, manufacturing and technology.

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