Insider Selling: Virtusa Corporation (VRTU) Insider Sells 14,025 Shares of Stock

Virtusa Corporation (NASDAQ:VRTU) insider Raj Rajgopal sold 14,025 shares of the business’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $45.02, for a total transaction of $631,405.50. Following the transaction, the insider now owns 108,576 shares of the company’s stock, valued at approximately $4,888,091.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Raj Rajgopal also recently made the following trade(s):

  • On Monday, October 2nd, Raj Rajgopal sold 4,025 shares of Virtusa Corporation stock. The stock was sold at an average price of $38.01, for a total transaction of $152,990.25.
  • On Friday, September 1st, Raj Rajgopal sold 4,025 shares of Virtusa Corporation stock. The stock was sold at an average price of $36.05, for a total transaction of $145,101.25.

Shares of Virtusa Corporation (VRTU) traded up $0.93 on Tuesday, hitting $45.35. 240,800 shares of the stock traded hands, compared to its average volume of 303,966. Virtusa Corporation has a twelve month low of $18.94 and a twelve month high of $48.15. The firm has a market capitalization of $1,304.41, a P/E ratio of 50.48, a price-to-earnings-growth ratio of 2.23 and a beta of 1.66. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 0.18.

Virtusa Corporation (NASDAQ:VRTU) last announced its earnings results on Wednesday, November 8th. The information technology services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.11. Virtusa Corporation had a net margin of 2.54% and a return on equity of 4.86%. The business had revenue of $248.20 million during the quarter, compared to the consensus estimate of $237.48 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. sell-side analysts forecast that Virtusa Corporation will post 1 earnings per share for the current fiscal year.

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A number of equities analysts recently commented on VRTU shares. Zacks Investment Research upgraded shares of Virtusa Corporation from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Wednesday, July 19th. Cantor Fitzgerald restated a “buy” rating and issued a $37.00 price objective on shares of Virtusa Corporation in a research note on Sunday, November 5th. Cowen and Company restated a “buy” rating and issued a $37.00 price objective on shares of Virtusa Corporation in a research note on Thursday, October 12th. Barrington Research upped their price objective on shares of Virtusa Corporation from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, August 9th. Finally, BidaskClub upgraded shares of Virtusa Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $43.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in Virtusa Corporation by 4.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,972,230 shares of the information technology services provider’s stock worth $74,511,000 after purchasing an additional 92,126 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Virtusa Corporation by 6.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 126,163 shares of the information technology services provider’s stock worth $4,767,000 after purchasing an additional 7,812 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Virtusa Corporation by 51.2% during the third quarter. Wells Fargo & Company MN now owns 33,899 shares of the information technology services provider’s stock worth $1,281,000 after purchasing an additional 11,482 shares in the last quarter. Citadel Advisors LLC raised its holdings in Virtusa Corporation by 70.4% during the third quarter. Citadel Advisors LLC now owns 109,197 shares of the information technology services provider’s stock worth $4,126,000 after purchasing an additional 45,106 shares in the last quarter. Finally, Trexquant Investment LP purchased a new position in Virtusa Corporation during the third quarter worth about $247,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Virtusa Corporation Company Profile

Virtusa Corporation (Virtusa) is an information technology services company. The Company’s services include information technology (IT) and business consulting, digital enablement services, user experience (UX) design, development of IT applications, maintenance and support services, systems integration, infrastructure and managed services.

Insider Buying and Selling by Quarter for Virtusa Corporation (NASDAQ:VRTU)

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