Insider Buying: Spirent Communications plc (LON:SPT) Insider Acquires 66 Shares of Stock

Spirent Communications plc (LON:SPT) insider Paula Bell purchased 66 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was bought at an average price of GBX 188 ($2.43) per share, for a total transaction of £124.08 ($160.33).

Paula Bell also recently made the following trade(s):

• On Tuesday, March 18th, Paula Bell sold 131,650 shares of Spirent Communications stock. The stock was sold at an average price of GBX 188 ($2.43), for a total value of £247,502 ($319,811.35).
• On Monday, February 24th, Paula Bell purchased 67 shares of Spirent Communications stock. The stock was bought at an average cost of GBX 187 ($2.42) per share, with a total value of £125.29 ($161.89).
• On Friday, January 24th, Paula Bell acquired 69 shares of Spirent Communications stock. The shares were purchased at an average price of GBX 182 ($2.35) per share, for a total transaction of £125.58 ($162.27).

Spirent Communications Trading Up 0.4 %

SPT traded up GBX 0.70 ($0.01) during midday trading on Tuesday, hitting GBX 190.10 ($2.46). 259,837 shares of the company were exchanged, compared to its average volume of 1,984,977. The firm has a market capitalization of £1.36 billion, a P/E ratio of 102.76, a P/E/G ratio of 5.73 and a beta of 0.57. The firm’s 50 day moving average price is GBX 184.89 and its 200-day moving average price is GBX 177.58. The company has a quick ratio of 1.95, a current ratio of 1.82 and a debt-to-equity ratio of 5.25. Spirent Communications plc has a 1-year low of GBX 166.20 ($2.15) and a 1-year high of GBX 203.80 ($2.63).

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SPT. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 199 ($2.57) price target on shares of Spirent Communications in a report on Monday, December 2nd. Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 199 ($2.57) price objective on shares of Spirent Communications in a research report on Thursday, January 16th.

About Spirent Communications

Spirent Communications plc provides automated test and assurance solutions in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Lifecycle Service Assurance, and Networks & Security segments. The Lifecycle Service Assurance segment offers lab-based testing solutions for 5G mobile core networks, and cellular and Wi-Fi devices, as well as live solutions.