CI&T (NYSE:CINT) CEO Buys 3,835 Shares of Company Stock

CI&T Inc. (NYSE:CINT – Get Free Report) CEO Cesar Nivaldo Gon purchased 3,835 shares of the business’s stock in a transaction on Tuesday, September 29th. The stock was acquired at an average price of $2.95 per share, with a total value of $11,313.25. Following the completion of the acquisition, the chief executive officer directly owned 79,043 shares in the company, valued at $233,176.85. The trade was a 5.10% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Cesar Nivaldo Gon also recently made the following trade(s):

  • On Wednesday, September 30th, Cesar Nivaldo Gon acquired 2,849 shares of CI&T stock. The shares were acquired at an average price of $3.10 per share, for a total transaction of $8,831.90.

CI&T Trading Up 5.0%

Shares of CINT stock traded up $0.15 during mid-day trading on Thursday, hitting $3.22. 40,955 shares of the company’s stock were exchanged, compared to its average volume of 132,076. The stock has a market cap of $433.89 million, a price-to-earnings ratio of 11.12 and a beta of 0.81. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.15. CI&T Inc. has a fifty-two week low of $2.80 and a fifty-two week high of $5.80. The stock has a 50-day simple moving average of $3.35 and a two-hundred day simple moving average of $3.82.

CI&T (NYSE:CINT – Get Free Report) last released 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). CI&T had a net margin of 6.79% and a return on equity of 11.69%. The business had revenue of $142.82 million during the quarter, compared to analyst estimates of $140.05 million. Equities analysts expect that CI&T Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on CINT shares. Wall Street Zen downgraded shares of CI&T from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Zacks Research upgraded shares of CI&T from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. TD Cowen lowered their target price on shares of CI&T from $6.00 to $5.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Wedbush lowered shares of CI&T from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $7.00 to $4.00 in a research report on Tuesday, July 21st. Finally, UBS Group cut their price target on shares of CI&T from $7.20 to $6.20 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, CI&T presently has an average rating of “Moderate Buy” and an average price target of $6.08.

View Our Latest Report on CI&T

Institutional Investors Weigh In On CI&T

Several institutional investors and hedge funds have recently added to or reduced their stakes in CINT. Lazard Asset Management LLC lifted its stake in shares of CI&T by 6.4% in the 1st quarter. Lazard Asset Management LLC now owns 102,742 shares of the company’s stock valued at $521,000 after purchasing an additional 6,171 shares in the last quarter. R Squared Ltd increased its position in CI&T by 24.1% during the 1st quarter. R Squared Ltd now owns 34,521 shares of the company’s stock worth $175,000 after purchasing an additional 6,707 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in CI&T in the first quarter valued at approximately $60,000. Squarepoint Ops LLC purchased a new position in CI&T in the second quarter valued at approximately $43,000. Finally, AXQ Capital LP acquired a new position in CI&T during the second quarter valued at approximately $74,000. 92.45% of the stock is currently owned by institutional investors and hedge funds.

CI&T Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for CI&T (NYSE:CINT)

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