Karim Adatia Sells 248 Shares of Insight Enterprises (NASDAQ:NSIT) Stock

Insight Enterprises, Inc. (NASDAQ:NSIT) General Counsel Karim Adatia sold 248 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $157.40, for a total transaction of $39,035.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Insight Enterprises Price Performance

Shares of NSIT opened at $152.06 on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.15 and a current ratio of 1.18. The company has a 50 day moving average price of $132.75 and a 200-day moving average price of $102.54. Insight Enterprises, Inc. has a fifty-two week low of $63.62 and a fifty-two week high of $159.41. The stock has a market capitalization of $4.46 billion, a PE ratio of 22.26, a PEG ratio of 1.12 and a beta of 1.10.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Thursday, August 6th. The software maker reported $3.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.93. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.18 billion. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. Insight Enterprises’s revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company posted $2.45 earnings per share. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. Equities analysts predict that Insight Enterprises, Inc. will post 11.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on NSIT. Zacks Research upgraded Insight Enterprises from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. boosted their target price on shares of Insight Enterprises from $135.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Wall Street Zen upgraded shares of Insight Enterprises from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 29th. Canaccord Genuity Group set a $75.00 price objective on shares of Insight Enterprises in a research report on Friday, May 8th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $175.00 price objective on shares of Insight Enterprises in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.50.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Insight Enterprises in the second quarter worth $3,333,000. California State Teachers Retirement System grew its holdings in shares of Insight Enterprises by 11,754.5% during the second quarter. California State Teachers Retirement System now owns 4,116,353 shares of the software maker’s stock valued at $501,372,000 after buying an additional 4,081,629 shares during the last quarter. Studio Investment Management LLC grew its holdings in shares of Insight Enterprises by 2.9% during the second quarter. Studio Investment Management LLC now owns 3,657 shares of the software maker’s stock valued at $445,000 after buying an additional 102 shares during the last quarter. Nykredit A S acquired a new position in shares of Insight Enterprises in the 2nd quarter valued at $190,000. Finally, Two Sigma Securities LLC raised its stake in Insight Enterprises by 26.1% in the 2nd quarter. Two Sigma Securities LLC now owns 8,452 shares of the software maker’s stock worth $1,029,000 after acquiring an additional 1,752 shares during the last quarter.

About Insight Enterprises

Insight Enterprises, Inc is a global technology provider headquartered in Tempe, Arizona. Founded in 1988, the company specializes in helping organizations harness the power of digital transformation by offering a comprehensive portfolio of IT hardware, software, cloud and licensing management solutions. Insight’s expertise spans across the full technology lifecycle, from initial strategy and consulting to implementation, integration and ongoing managed services.

At the core of Insight’s business are its consulting and professional services, which guide clients through complex technology environments and ensure optimal deployment of solutions.