Simulations Plus, Inc. (NASDAQ:SLP) Chairman Walter S. Woltosz sold 18,500 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $16.13, for a total transaction of $298,405.00. Following the sale, the chairman now owns 5,482,916 shares in the company, valued at $88,439,435.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Simulations Plus, Inc. (SLP) traded down $0.70 during trading on Tuesday, reaching $15.85. 75,143 shares of the company’s stock were exchanged, compared to its average volume of 52,443. The firm has a market cap of $287.06, a price-to-earnings ratio of 45.29 and a beta of -0.74. Simulations Plus, Inc. has a 12 month low of $9.45 and a 12 month high of $17.45.
Simulations Plus (NASDAQ:SLP) last released its earnings results on Tuesday, January 9th. The technology company reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.01. The company had revenue of $7.07 million for the quarter, compared to analyst estimates of $6.57 million. Simulations Plus had a net margin of 23.78% and a return on equity of 24.56%. analysts anticipate that Simulations Plus, Inc. will post 0.4 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in SLP. State Street Corp increased its position in shares of Simulations Plus by 432.6% in the 2nd quarter. State Street Corp now owns 131,012 shares of the technology company’s stock valued at $1,617,000 after purchasing an additional 106,412 shares during the last quarter. Northern Trust Corp increased its position in shares of Simulations Plus by 248.7% in the 2nd quarter. Northern Trust Corp now owns 145,018 shares of the technology company’s stock valued at $1,791,000 after purchasing an additional 103,435 shares during the last quarter. Whalerock Point Partners LLC purchased a new stake in shares of Simulations Plus in the 4th quarter valued at approximately $820,000. OxFORD Asset Management LLP increased its position in shares of Simulations Plus by 471.6% in the 3rd quarter. OxFORD Asset Management LLP now owns 58,336 shares of the technology company’s stock valued at $910,000 after purchasing an additional 48,131 shares during the last quarter. Finally, Wedge Capital Management L L P NC purchased a new stake in shares of Simulations Plus in the 3rd quarter valued at approximately $730,000. 34.58% of the stock is currently owned by institutional investors.
A number of equities research analysts have issued reports on SLP shares. BidaskClub upgraded shares of Simulations Plus from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Investment Research upgraded shares of Simulations Plus from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th.
About Simulations Plus
Simulations Plus, Inc (Simulations Plus) develops and produces software for use in pharmaceutical research and for education, and provides consulting and contract research services to the pharmaceutical industry. The Company offers five software products for pharmaceutical research. ADMET (Absorption, Distribution, Metabolism, Excretion and Toxicity) Predictor is a computer program that takes molecular structures as inputs and predicts over 140 different properties for them at the rate of about 200,000 compounds per hour.
Receive News & Ratings for Simulations Plus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simulations Plus and related companies with MarketBeat.com's FREE daily email newsletter.