CI&T (NYSE:CINT) Director Acquires 6,629 Shares of Company Stock

CI&T Inc. (NYSE:CINT) Director Fernando Matt Borges Martins purchased 6,629 shares of CI&T stock in a transaction on Tuesday, October 6th. The stock was bought at an average cost of $3.15 per share, with a total value of $20,881.35. Following the transaction, the director directly owned 10,752 shares of the company’s stock, valued at approximately $33,868.80. The trade was a 160.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Wednesday, October 7th, Fernando Matt Borges Martins purchased 9,116 shares of CI&T stock. The shares were bought at an average price of $3.12 per share, with a total value of $28,441.92.
• On Thursday, October 1st, Fernando Matt Borges Martins acquired 4,123 shares of CI&T stock. The shares were bought at an average cost of $3.18 per share, for a total transaction of $13,111.14.

CI&T Stock Performance

Shares of CINT stock traded down $0.05 during trading on Thursday, reaching $3.07. The company had a trading volume of 74,335 shares, compared to its average volume of 131,057. The firm’s 50 day simple moving average is $3.35 and its two-hundred day simple moving average is $3.74. 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 Inc. has a one year low of $2.80 and a one year high of $5.80. The company has a market capitalization of $413.03 million, a PE ratio of 10.58 and a beta of 0.83.

CI&T (NYSE:CINT) last announced its 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). CI&T had a return on equity of 11.69% and a net margin of 6.79%.The company had revenue of $142.82 million for the quarter, compared to the consensus estimate of $140.05 million. Sell-side analysts forecast that CI&T Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CINT has been the subject of several recent analyst reports. UBS Group decreased their price objective on shares of CI&T from $7.20 to $6.20 and set a “buy” rating for the company in a report on Wednesday, August 12th. Wall Street Zen downgraded shares of CI&T from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. JPMorgan Chase & Co. cut their target price on shares of CI&T from $6.00 to $5.00 and set an “overweight” rating for the company in a research report on Wednesday, August 12th. Weiss Ratings restated a “sell (d+)” rating on shares of CI&T in a report on Friday, September 25th. Finally, Wedbush downgraded 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 research report on Tuesday, July 21st. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $6.08.

Institutional Investors Weigh In On CI&T

Several hedge funds have recently modified their holdings of CINT. GMT Capital Corp acquired a new stake in shares of CI&T in the fourth quarter worth $1,786,000. Beacon Hill Wealth Management LTD. acquired a new position in CI&T during the 2nd quarter valued at $617,000. Lazard Asset Management LLC raised its stake in CI&T by 6.4% during the 1st quarter. Lazard Asset Management LLC now owns 102,742 shares of the company’s stock valued at $521,000 after purchasing an additional 6,171 shares during the last quarter. Wedbush Securities Inc. raised its stake 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 stake in CI&T in the 1st quarter valued at $181,000. 92.45% of the stock is owned by institutional investors.

About CI&T

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.