Bytes Technology Group (LON:BYIT) Stock: Insider Andrew Holden Sells 13,452 Shares

Bytes Technology Group plc (LON:BYIT) insider Andrew Holden sold 13,452 shares of the stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of GBX 447, for a total transaction of £60,130.44.

Andrew Holden also recently made the following trade(s):

• On Friday, July 31st, Andrew Holden sold 23 shares of Bytes Technology Group stock. The shares were sold at an average price of GBX 407, for a total transaction of GBX 9,361.

Bytes Technology Group Price Performance

BYIT stock traded up GBX 7.20 during trading on Monday, reaching GBX 456.40. 490,233 shares of the company were exchanged, compared to its average volume of 2,666,695. The company has a market cap of £1.05 billion, a P/E ratio of 22.01, a PEG ratio of 2.27 and a beta of 0.72. Bytes Technology Group plc has a 52-week low of GBX 232.92 and a 52-week high of GBX 494.20. The stock’s 50 day moving average price is GBX 430.72 and its 200 day moving average price is GBX 388.43. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.98 and a current ratio of 1.03.

Bytes Technology Group (LON:BYIT) last issued its earnings results on Tuesday, October 13th. The company reported GBX 12.76 earnings per share (EPS) for the quarter. Bytes Technology Group had a net margin of 21.65% and a return on equity of 69.17%. As a group, analysts predict that Bytes Technology Group plc will post 11.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BYIT has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft upgraded Bytes Technology Group to a “buy” rating and upped their price target for the stock from GBX 410 to GBX 500 in a report on Wednesday, August 26th. Berenberg Bank reiterated a “buy” rating and set a GBX 520 target price on shares of Bytes Technology Group in a research report on Thursday, October 15th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 450 target price on shares of Bytes Technology Group in a report on Wednesday, October 14th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 443.75.

About Bytes Technology Group

BTG is one of the UK and Ireland’s leading software, security, AI and cloud services specialists. With a team of more than 1,200 talented people, it serves around 6,000 customers in the corporate and public sectors, building lasting, trust-based relationships to help organisations get the most from the latest transformative technologies shaping our world.

As a value-added reseller, BTG works hand in hand with more than 100 of the world’s biggest vendors who make or distribute the software, hardware and other IT products that it provides to its customers.