Insider Buying: CI&T (NYSE:CINT) CEO Buys $11,313.25 in Stock

CI&T Inc. (NYSE:CINT) CEO Cesar Nivaldo Gon acquired 3,835 shares of the business’s stock in a transaction on Tuesday, September 29th. The shares were purchased at an average price of $2.95 per share, with a total value of $11,313.25. Following the transaction, the chief executive officer owned 79,043 shares in the company, valued at $233,176.85. The trade was a 5.10% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Cesar Nivaldo Gon also recently made the following trade(s):

• On Wednesday, September 30th, Cesar Nivaldo Gon bought 2,849 shares of CI&T stock. The stock was purchased at an average price of $3.10 per share, with a total value of $8,831.90.

CI&T Stock Up 2.4%

Shares of NYSE:CINT opened at $3.21 on Friday. The company has a market cap of $432.54 million, a price-to-earnings ratio of 11.08 and a beta of 0.83. The firm’s 50-day simple moving average is $3.36 and its 200-day simple moving average is $3.80. 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 fifty-two week low of $2.80 and a fifty-two week high of $5.80.

CI&T (NYSE:CINT) last posted its quarterly 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). The firm had revenue of $142.82 million for the quarter, compared to analysts’ expectations of $140.05 million. CI&T had a return on equity of 11.69% and a net margin of 6.79%. As a group, equities research analysts predict that CI&T Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wedbush downgraded CI&T from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $7.00 to $4.00 in a research note on Tuesday, July 21st. Zacks Research upgraded CI&T from a “strong sell” rating to a “hold” rating in a research note on Monday, September 21st. JPMorgan Chase & Co. dropped their price objective on CI&T from $6.00 to $5.00 and set an “overweight” rating on the stock in a report on Wednesday, August 12th. Wall Street Zen cut CI&T from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of CI&T in a report on Friday, September 25th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.08.

CI&T News Summary

Here are the key news stories impacting CI&T this week:

• Positive Sentiment: CEO Cesar Nivaldo Gon purchased a combined 6,684 shares for approximately $20,145 across transactions on September 29 and 30, increasing his holdings by roughly 8.8%. Insider Buying: CI&T CEO Buys Stock
• Positive Sentiment: Insider and director Fernando Matt Borges Martins bought 4,123 shares for $13,111 at an average price of $3.18. Bruno Guicardi Neto also acquired 2,825 shares for approximately $8,410 across two transactions. The buying was disclosed in Securities and Exchange Commission filings. SEC Insider Ownership Filing
• Positive Sentiment: Wall Street’s overall view remains favorable: seven analysts rate CI&T Buy, three rate it Hold and one rates it Sell. The consensus price target of $6.08 is well above the recent trading range, potentially supporting investor interest.
• Neutral Sentiment: Institutional ownership is high at 92.45%, with several funds recently initiating or increasing positions. This may provide some shareholder support but does not represent a new company catalyst.
• Negative Sentiment: Recent analyst actions have been mixed. TD Cowen, UBS and JPMorgan reduced their price targets, while Wedbush downgraded the stock to Neutral and Weiss Ratings maintained a Sell rating. The latest quarterly earnings also missed the consensus earnings-per-share estimate, despite revenue exceeding expectations.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CINT. Squarepoint Ops LLC purchased a new stake in shares of CI&T in the second quarter valued at $43,000. Beacon Hill Wealth Management LTD. purchased a new stake in CI&T during the 2nd quarter worth about $617,000. AXQ Capital LP purchased a new stake in CI&T during the 2nd quarter worth about $74,000. Wedbush Securities Inc. raised its stake in CI&T by 118.1% in 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 acquired a new position in CI&T in the 1st quarter valued at about $181,000. 92.45% of the stock is owned by hedge funds and other institutional investors.

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.