Ciber Inc. (CBR) Stock Price Up -2.7% After Insider Buying Activity
Ciber Inc. (NYSE:CBR) traded up 2.7% during mid-day trading on Monday after an insider bought additional shares in the company. The stock traded as high as $0.82 and last traded at $0.79, with a volume of 178,183 shares changing hands. The stock had previously closed at $0.81.
Specifically, major shareholder Legion Partners Asset Manageme purchased 512,100 shares of the business’s stock in a transaction on Thursday, November 17th. The stock was bought at an average cost of $0.65 per share, with a total value of $332,865.00. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 9.20% of the stock is currently owned by company insiders.
A number of equities research analysts have weighed in on the stock. B. Riley reissued a “neutral” rating and issued a $0.65 price target on shares of Ciber in a report on Sunday, November 13th. Zacks Investment Research lowered shares of Ciber from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. Ciber presently has an average rating of “Hold” and an average target price of $2.22.
The stock’s market capitalization is $64.19 million. The company’s 50 day moving average price is $0.92 and its 200-day moving average price is $1.22.
Ciber (NYSE:CBR) last announced its earnings results on Tuesday, November 8th. The company reported ($0.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.14. Ciber had a negative net margin of 24.84% and a negative return on equity of 22.69%. The business earned $144.30 million during the quarter, compared to analyst estimates of $153.28 million. On average, equities research analysts predict that Ciber Inc. will post ($0.77) EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in CBR. JPMorgan Chase & Co. acquired a new stake in shares of Ciber during the second quarter worth $109,000. Alpine Partners VI LLC acquired a new stake in shares of Ciber during the second quarter worth $156,000. A.R.T. Advisors LLC acquired a new stake in shares of Ciber during the second quarter worth $195,000. Prudential Financial Inc. raised its stake in shares of Ciber by 3.8% in the first quarter. Prudential Financial Inc. now owns 170,767 shares of the company’s stock worth $360,000 after buying an additional 6,300 shares during the period. Finally, Ancora Advisors LLC raised its stake in shares of Ciber by 332.0% in the second quarter. Ancora Advisors LLC now owns 216,000 shares of the company’s stock worth $324,000 after buying an additional 166,000 shares during the period. Institutional investors own 58.36% of the company’s stock.
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Ciber Company Profile
Ciber, Inc (Ciber) is a global information technology (IT) services company. The Company operates in two segments: North America and International. Its Ciber International segment primarily consists of countries in Western Europe and the Nordic region. Its North America segment is organized into service offerings, which include Independent Software Vendor Relationships (ISV)/Channel Partner Platforms, Managed Services, Business Consulting, Application Development and Management (ADM)/Staffing, and Software-as-a-Service (SaaS).
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