CI&T (NYSE:CINT) Stock: Insider Fernando Matt Borges Martins Purchases 9,116 Shares

CI&T Inc. (NYSE:CINT) Director Fernando Matt Borges Martins bought 9,116 shares of the business’s stock in a transaction that occurred on Wednesday, October 7th. The shares were bought at an average cost of $3.12 per share, with a total value of $28,441.92. Following the completion of the purchase, the director directly owned 20 shares of the company’s stock, valued at $62.40. This represents a -100.22% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Fernando Matt Borges Martins also recently made the following trade(s):

• On Tuesday, October 6th, Fernando Matt Borges Martins purchased 6,629 shares of CI&T stock. The stock was bought at an average price of $3.15 per share, for a total transaction of $20,881.35.
• On Thursday, October 1st, Fernando Matt Borges Martins purchased 4,123 shares of CI&T stock. The stock was bought at an average price of $3.18 per share, for a total transaction of $13,111.14.

CI&T Stock Up 1.1%

CINT opened at $3.10 on Friday. The company has a market capitalization of $416.53 million, a PE ratio of 10.67 and a beta of 0.83. The firm has a 50-day simple moving average of $3.34 and a two-hundred day simple moving average of $3.72. 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 52 week low of $2.80 and a 52 week high of $5.80.

CI&T (NYSE:CINT) last issued its earnings results on Wednesday, August 12th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). CI&T had a return on equity of 11.69% and a net margin of 6.79%. The firm had revenue of $142.82 million during the quarter, compared to the consensus estimate of $140.05 million. Analysts forecast that CI&T Inc. will post 0.31 earnings per share for the current fiscal year.

Institutional Trading of CI&T

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Squarepoint Ops LLC purchased a new position in CI&T during the second quarter worth $43,000. Beacon Hill Wealth Management LTD. purchased a new position in shares of CI&T during the 2nd quarter worth about $617,000. AXQ Capital LP purchased a new position in shares of CI&T during the 2nd quarter worth about $74,000. Wedbush Securities Inc. grew 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, NewEdge Advisors LLC bought a new position in CI&T during the 1st quarter valued at about $181,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

Analysts Set New Price Targets

CINT has been the subject of a number of recent research reports. Wall Street Zen lowered shares of CI&T from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. UBS Group lowered their price objective on shares of CI&T from $7.20 to $6.20 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Wedbush cut shares of CI&T from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $7.00 to $4.00 in a research note on Tuesday, July 21st. TD Cowen reduced their target price on shares of CI&T from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Finally, Zacks Research upgraded shares of CI&T from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.08.

CI&T Company Profile

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.