Neto Bruno Guicardi Purchases 5,389 Shares of CI&T (NYSE:CINT) Stock

CI&T Inc. (NYSE:CINTGet Free Report) insider Neto Bruno Guicardi acquired 5,389 shares of the stock in a transaction on Friday, September 11th. The shares were acquired at an average price of $3.21 per share, with a total value of $17,298.69. Following the purchase, the insider owned 91,264 shares in the company, valued at $292,957.44. This represents a 6.28% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Thursday, September 10th, Neto Bruno Guicardi bought 100 shares of CI&T stock. The stock was acquired at an average cost of $3.10 per share, for a total transaction of $310.00.

CI&T Stock Performance

Shares of CINT opened at $3.15 on Thursday. The firm has a market cap of $423.93 million, a price-to-earnings ratio of 10.86 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. The business’s 50 day moving average is $3.41 and its two-hundred day moving average is $3.97. CI&T Inc. has a 52-week low of $2.80 and a 52-week high of $5.85.

CI&T (NYSE:CINTGet Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The company 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%. Analysts forecast that CI&T Inc. will post 0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On CI&T

A number of large investors have recently bought and sold shares of the business. Royce & Associates LP boosted its stake in CI&T by 69.7% in the fourth quarter. Royce & Associates LP now owns 888,221 shares of the company’s stock valued at $3,615,000 after acquiring an additional 364,696 shares during the period. GMT Capital Corp acquired a new stake in shares of CI&T during the 4th quarter worth approximately $1,786,000. Beacon Hill Wealth Management LTD. acquired a new stake in CI&T in the 2nd quarter valued at about $617,000. Lazard Asset Management LLC grew 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 worth $521,000 after purchasing an additional 6,171 shares during the last quarter. Finally, Wedbush Securities Inc. raised its holdings in shares of 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 purchasing an additional 22,525 shares in the last quarter. Institutional investors own 92.45% of the company’s stock.

Analyst Ratings Changes

CINT has been the topic of several research analyst reports. Weiss Ratings cut shares of CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 29th. Wedbush cut CI&T from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $7.00 to $4.00 in a research note on Tuesday, July 21st. Wall Street Zen lowered CI&T from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. JPMorgan Chase & Co. decreased their target price on CI&T from $6.00 to $5.00 and set an “overweight” rating for the company in a research report on Wednesday, August 12th. Finally, UBS Group dropped their price target on CI&T from $7.20 to $6.20 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.08.

View Our Latest Report on CI&T

About CI&T

(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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