Insider Buying: CI&T (NYSE:CINT) Director Buys $28,441.92 in Stock

Key Points

• CI&T director Fernando Matt Borges Martins bought 9,116 shares at an average price of $3.12, investing $28,441.92. He also purchased shares in two earlier transactions, bringing his recent purchases to approximately $62,435.
• CI&T shares traded at $3.07, near the lower end of their 52-week range of $2.80 to $5.80. The company recently missed quarterly EPS expectations, although revenue exceeded analyst estimates.
• Analyst sentiment remains a Moderate Buy, with an average price target of $6.08, while 92.45% of the stock is held by institutional investors. Several firms have nevertheless lowered their price targets or ratings.

CI&T Inc. (NYSE:CINT - Get Free Report) Director Fernando Matt Borges Martins purchased 9,116 shares of the firm's stock in a transaction dated Wednesday, October 7th. The stock was acquired at an average cost of $3.12 per share, for a total transaction of $28,441.92. Following the completion of the purchase, the director owned 20 shares of the company's stock, valued at approximately $62.40. This represents a -100.22% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Fernando Matt Borges Martins also recently made the following trade(s):

• On Tuesday, October 6th, Fernando Matt Borges Martins purchased 6,629 shares of CI&T stock. The shares were acquired at an average price of $3.15 per share, for a total transaction of $20,881.35.
• On Thursday, October 1st, Fernando Matt Borges Martins acquired 4,123 shares of CI&T stock. The shares were acquired at an average cost of $3.18 per share, with a total value of $13,111.14.

CI&T Price Performance

CINT stock traded down $0.05 during mid-day trading on Thursday, reaching $3.07. The company's stock had a trading volume of 74,335 shares, compared to its average volume of 131,057. The stock has a market cap of $413.03 million, a PE ratio of 10.58 and a beta of 0.83. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.15. CI&T Inc. has a fifty-two week low of $2.80 and a fifty-two week high of $5.80. The company's 50 day moving average is $3.35 and its two-hundred day moving average is $3.74.

CI&T (NYSE:CINT - Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). The company 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%. Equities research analysts expect that CI&T Inc. will post 0.31 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Squarepoint Ops LLC purchased a new stake in CI&T in the second quarter valued at $43,000. Janney Montgomery Scott LLC purchased a new position in shares of CI&T during the 1st quarter worth $60,000. AXQ Capital LP purchased a new position in shares of CI&T during the 2nd quarter worth $74,000. Wedbush Securities Inc. grew its holdings in shares of CI&T by 118.1% during the 2nd 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, R Squared Ltd increased its position in shares of CI&T by 24.1% during the 1st quarter. R Squared Ltd now owns 34,521 shares of the company's stock worth $175,000 after purchasing an additional 6,707 shares during the last quarter. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CINT has been the subject of several analyst reports. Wall Street Zen cut CI&T from a "buy" rating to a "hold" rating in a report on Saturday, June 13th. JPMorgan Chase & Co. reduced their price target on CI&T from $6.00 to $5.00 and set an "overweight" rating on the stock in a report on Wednesday, August 12th. UBS Group lowered their price target on shares of CI&T from $7.20 to $6.20 and set a "buy" rating on the stock in a research report on Wednesday, August 12th. Weiss Ratings reissued a "sell (d+)" rating on shares of CI&T in a report on Friday, September 25th. Finally, Wedbush cut shares of CI&T from an "outperform" rating to a "neutral" rating and cut their price objective for the stock from $7.00 to $4.00 in a research report on Tuesday, July 21st. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $6.08.

CI&T Company Profile

CI&T NYSE: CINT is a global technology and digital transformation services company that helps organizations modernize their operations, customer experiences and technology platforms. Its offerings include business and technology strategy, product design, software engineering, cloud modernization, data and artificial intelligence, cybersecurity, and managed technology services.

Founded in 1995 and headquartered in Campinas, Brazil, CI&T works with clients across industries such as consumer products, financial services, healthcare, manufacturing and retail.

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