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

CI&T Inc. (NYSE:CINT) Director Fernando Matt Borges Martins bought 4,123 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was purchased at an average cost of $3.18 per share, for a total transaction of $13,111.14. Following the completion of the transaction, the director directly owned 4,123 shares in the company, valued at approximately $13,111.14. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

CI&T Trading Up 2.4%

CI&T stock traded up $0.07 during midday trading on Friday, reaching $3.21. The stock had a trading volume of 132,874 shares, compared to its average volume of 132,081. The stock’s 50-day simple moving average is $3.36 and its 200 day simple moving average is $3.80. CI&T Inc. has a twelve month low of $2.80 and a twelve month high of $5.80. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market capitalization of $432.54 million, a PE ratio of 11.08 and a beta of 0.83.

CI&T (NYSE:CINT) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.07 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%. Analysts expect that CI&T Inc. will post 0.31 EPS for the current year.

Institutional Investors Weigh In On CI&T

Several institutional investors and hedge funds have recently modified their holdings of CINT. GMT Capital Corp acquired a new stake in shares of CI&T in the fourth quarter valued at about $1,786,000. Beacon Hill Wealth Management LTD. acquired a new position in CI&T during the 2nd quarter worth approximately $617,000. Lazard Asset Management LLC lifted its position in CI&T by 6.4% during the 1st quarter. Lazard Asset Management LLC now owns 102,742 shares of the company’s stock worth $521,000 after acquiring an additional 6,171 shares in the last quarter. Wedbush Securities Inc. boosted its holdings in CI&T by 118.1% in the 2nd quarter. Wedbush Securities Inc. now owns 41,600 shares of the company’s stock worth $139,000 after acquiring an additional 22,525 shares during the period. Finally, NewEdge Advisors LLC purchased a new position in CI&T in the 1st quarter worth approximately $181,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CINT. UBS Group dropped their target price on shares of CI&T from $7.20 to $6.20 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Wedbush cut 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 research report on Tuesday, July 21st. Wall Street Zen cut shares of CI&T from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. TD Cowen decreased their price objective on shares of CI&T from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Finally, Zacks Research raised shares of CI&T from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. Seven 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $6.08.

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.