CI&T Inc. (NYSE:CINT – Get Free Report) Director Fernando Matt Borges Martins acquired 9,116 shares of the firm’s stock in a transaction dated Wednesday, October 7th. The stock was bought at an average price of $3.12 per share, for a total transaction of $28,441.92. Following the completion of the acquisition, the director owned 20 shares in the company, valued at approximately $62.40. The trade was a -100.22% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Fernando Matt Borges Martins also recently made the following trade(s):
- On Tuesday, October 6th, Fernando Matt Borges Martins bought 6,629 shares of CI&T stock. The stock was bought at an average price of $3.15 per share, with a total value of $20,881.35.
- On Thursday, October 1st, Fernando Matt Borges Martins bought 4,123 shares of CI&T stock. The stock was bought at an average price of $3.18 per share, with a total value of $13,111.14.
CI&T Trading Down 1.6%
NYSE CINT traded down $0.05 on Thursday, reaching $3.07. The stock had a trading volume of 74,335 shares, compared to its average volume of 131,057. The firm has a market capitalization of $413.03 million, a price-to-earnings ratio of 10.58 and a beta of 0.83. 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 12-month low of $2.80 and a 12-month high of $5.80. The stock has a fifty day moving average price of $3.35 and a two-hundred day moving average price of $3.74.
Wall Street Analyst Weigh In
CINT has been the subject of a number of research analyst reports. Wedbush cut CI&T from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $7.00 to $4.00 in a report on Tuesday, July 21st. Zacks Research upgraded shares of CI&T from a “strong sell” rating to a “hold” rating in a research note on Monday, September 21st. JPMorgan Chase & Co. reduced their price target on shares of CI&T from $6.00 to $5.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 12th. Wall Street Zen lowered shares of CI&T from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, TD Cowen dropped their price objective 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. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $6.08.
Read Our Latest Stock Analysis on CINT
Institutional Trading of CI&T
Several hedge funds have recently modified their holdings of CINT. GMT Capital Corp purchased a new position in CI&T in the fourth quarter valued at $1,786,000. Beacon Hill Wealth Management LTD. purchased a new stake in CI&T during the 2nd quarter worth about $617,000. Squarepoint Ops LLC purchased a new stake in CI&T during the 2nd quarter worth about $43,000. AXQ Capital LP acquired a new stake in CI&T in the 2nd quarter valued at about $74,000. Finally, Wedbush Securities Inc. raised its position in CI&T by 118.1% in the 2nd quarter. Wedbush Securities Inc. now owns 41,600 shares of the company’s stock valued at $139,000 after purchasing an additional 22,525 shares in the last quarter. 92.45% of the stock is currently owned by institutional investors and hedge funds.
About CI&T
CI&T (NYSE:CINT) is a global technology and digital transformation services company that helps organizations modernize their operations, customer experiences and technology platforms. Its offerings include business and technology strategy, product design, software engineering, cloud modernization, data and artificial intelligence, cybersecurity, and managed technology services.
Founded in 1995 and headquartered in Campinas, Brazil, CI&T works with clients across industries such as consumer products, financial services, healthcare, manufacturing and retail.
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