Karim Adatia Sells 248 Shares of Insight Enterprises (NASDAQ:NSIT) Stock

Key Points

• General Counsel Karim Adatia sold 248 Insight Enterprises shares at an average price of $157.40, generating $39,035.20 in proceeds.
• Insight reported strong quarterly results, with EPS of $3.86 versus the $2.93 analyst estimate and revenue of $2.40 billion, up 14.7% year over year.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $147.50, while the stock recently traded near its one-year high at $154.07.

Insight Enterprises, Inc. (NASDAQ:NSIT - Get Free Report) General Counsel Karim Adatia sold 248 shares of the business's stock in a transaction on Friday, August 28th. The stock was sold at an average price of $157.40, for a total value of $39,035.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Insight Enterprises Stock Performance

Shares of NASDAQ:NSIT traded down $2.95 during midday trading on Tuesday, reaching $154.07. 227,154 shares of the company's stock traded hands, compared to its average volume of 454,809. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.15 and a current ratio of 1.18. Insight Enterprises, Inc. has a one year low of $63.62 and a one year high of $159.41. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 22.56, a P/E/G ratio of 1.13 and a beta of 1.07. The stock has a 50 day moving average of $131.11 and a 200 day moving average of $101.62.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share for the quarter, topping analysts' consensus estimates of $2.93 by $0.93. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.18 billion. Insight Enterprises had a return on equity of 22.70% and a net margin of 2.45%.Insight Enterprises's revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.45 EPS. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. As a group, equities research analysts anticipate that Insight Enterprises, Inc. will post 11.5 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on NSIT. Canaccord Genuity Group set a $75.00 price objective on Insight Enterprises in a report on Friday, May 8th. Wall Street Zen raised shares of Insight Enterprises from a "buy" rating to a "strong-buy" rating in a report on Saturday. Weiss Ratings raised shares of Insight Enterprises from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 3rd. Zacks Research raised shares of Insight Enterprises from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 7th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $175.00 price target on shares of Insight Enterprises in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $147.50.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NSIT. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Insight Enterprises in the 2nd quarter worth approximately $3,333,000. California State Teachers Retirement System lifted its holdings in Insight Enterprises by 11,754.5% during the second quarter. California State Teachers Retirement System now owns 4,116,353 shares of the software maker's stock valued at $501,372,000 after purchasing an additional 4,081,629 shares in the last quarter. Studio Investment Management LLC lifted its holdings in Insight Enterprises by 2.9% during the second quarter. Studio Investment Management LLC now owns 3,657 shares of the software maker's stock valued at $445,000 after purchasing an additional 102 shares in the last quarter. Nykredit A S bought a new position in shares of Insight Enterprises in the second quarter worth approximately $190,000. Finally, Two Sigma Securities LLC boosted its position in shares of Insight Enterprises by 26.1% in the second quarter. Two Sigma Securities LLC now owns 8,452 shares of the software maker's stock worth $1,029,000 after purchasing an additional 1,752 shares during the period.

Insight Enterprises Company Profile

Insight Enterprises, Inc is a global technology provider headquartered in Tempe, Arizona. Founded in 1988, the company specializes in helping organizations harness the power of digital transformation by offering a comprehensive portfolio of IT hardware, software, cloud and licensing management solutions. Insight's expertise spans across the full technology lifecycle, from initial strategy and consulting to implementation, integration and ongoing managed services.

At the core of Insight's business are its consulting and professional services, which guide clients through complex technology environments and ensure optimal deployment of solutions.

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