CI&T (NYSE:CINT) Insider Purchases $17,298.69 in Stock

CI&T Inc. (NYSE:CINT) insider Neto Bruno Guicardi bought 5,389 shares of the company’s stock in a transaction on Friday, September 11th. The stock was purchased at an average cost of $3.21 per share, for a total transaction of $17,298.69. Following the completion of the transaction, the insider owned 91,264 shares in the company, valued at approximately $292,957.44. The trade was a 6.28% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Neto Bruno Guicardi also recently made the following trade(s):

• On Thursday, September 10th, Neto Bruno Guicardi purchased 100 shares of CI&T stock. The shares were purchased at an average price of $3.10 per share, with a total value of $310.00.

CI&T Trading Up 0.0%

NYSE:CINT opened at $3.15 on Friday. The company has a market capitalization of $424.06 million, a P/E ratio of 10.87 and a beta of 0.81. The stock’s 50 day moving average price is $3.40 and its 200 day moving average price is $3.95. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.31 and a current ratio of 1.31. CI&T Inc. has a 52 week low of $2.80 and a 52 week high of $5.80.

CI&T (NYSE:CINT) last posted its 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 business had revenue of $142.82 million during the quarter, compared to the consensus estimate of $140.05 million. CI&T had a return on equity of 11.69% and a net margin of 6.79%. On average, research analysts forecast that CI&T Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. UBS Group reduced their price target 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. Wedbush lowered CI&T from an “outperform” rating to a “neutral” rating and lowered their price objective 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 note on Saturday, June 13th. Weiss Ratings lowered CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 29th. Finally, Zacks Research cut CI&T from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $6.08.

Institutional Investors Weigh In On CI&T

A number of hedge funds have recently bought and sold shares of the company. Squarepoint Ops LLC acquired a new stake in CI&T in the 2nd quarter valued at approximately $43,000. Janney Montgomery Scott LLC acquired a new position in shares of CI&T during the first quarter worth approximately $60,000. AXQ Capital LP acquired a new position in shares of CI&T during the second quarter worth approximately $74,000. Wedbush Securities Inc. boosted its position in shares of CI&T by 118.1% in the second quarter. Wedbush Securities Inc. now owns 41,600 shares of the company’s stock valued at $139,000 after acquiring an additional 22,525 shares during the period. Finally, R Squared Ltd boosted its position in shares of CI&T by 24.1% in the first quarter. R Squared Ltd now owns 34,521 shares of the company’s stock valued at $175,000 after acquiring an additional 6,707 shares during the period. 92.45% of the stock is currently owned by institutional investors.

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.