CI&T (NYSE:CINT) Insider Acquires 5,389 Shares of Stock

CI&T Inc. (NYSE:CINT) insider Neto Bruno Guicardi acquired 5,389 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were bought at an average price of $3.21 per share, for a total transaction of $17,298.69. Following the acquisition, the insider owned 91,264 shares in the company, valued at approximately $292,957.44. This trade represents a 6.28% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 bought at an average price of $3.10 per share, with a total value of $310.00.

CI&T Stock Performance

Shares of NYSE CINT traded down $0.06 during mid-day trading on Tuesday, hitting $3.13. The company had a trading volume of 40,402 shares, compared to its average volume of 100,317. CI&T Inc. has a 12 month low of $2.80 and a 12 month high of $5.88. The firm has a market cap of $421.37 million, a P/E ratio of 10.80 and a beta of 0.81. The business’s 50-day simple moving average is $3.41 and its 200-day simple moving average is $3.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.31 and a quick ratio of 1.31.

CI&T (NYSE:CINT) last posted its quarterly 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 firm had revenue of $142.82 million during the quarter, compared to analyst estimates of $140.05 million. As a group, analysts predict that CI&T Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CINT shares. Wedbush lowered shares of CI&T from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $7.00 to $4.00 in a report on Tuesday, July 21st. JPMorgan Chase & Co. decreased their target price 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. UBS Group lowered their target price 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. TD Cowen dropped their price target on shares of CI&T from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Finally, Wall Street Zen cut shares of CI&T from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, CI&T currently has an average rating of “Hold” and an average price target of $6.08.

Institutional Investors Weigh In On CI&T

Several institutional investors and hedge funds have recently made changes to their positions in the company. Squarepoint Ops LLC bought a new stake in shares of CI&T in the 2nd quarter worth about $43,000. Janney Montgomery Scott LLC acquired a new stake in shares of CI&T during the 1st quarter worth about $60,000. AXQ Capital LP bought a new position in CI&T during the 2nd quarter valued at about $74,000. Wedbush Securities Inc. lifted its holdings in CI&T by 118.1% during 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 during the last quarter. Finally, R Squared Ltd boosted its position in 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 buying an additional 6,707 shares in the last quarter. Institutional investors and hedge funds own 92.45% of the company’s stock.

CI&T Company Profile

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.