The Chief Portfolio Risk Officer of WEX (WEX) is Selling Shares


Today, the Chief Portfolio Risk Officer of WEX (NYSE: WEX), Kenneth Janosick, sold shares of WEX for $2M.

Following Kenneth Janosick’s last WEX Sell transaction on May 18, 2015, the stock climbed by 68.3%. In addition to Kenneth Janosick, 5 other WEX executives reported Sell trades in the last month.

See today’s analyst top recommended stocks >>

Based on WEX’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $371 million and quarterly net profit of $39.3 million. In comparison, last year the company earned revenue of $304 million and had a net profit of $17.09 million. WEX’s market cap is $8.05B and the company has a P/E ratio of 40.08. Currently, WEX has an average volume of 475.6K.

Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $216.29, reflecting a -14.0% downside. Four different firms, including Citigroup and J.P. Morgan, currently also have a Sell rating on the stock.

The insider sentiment on WEX has been negative according to 53 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

WEX, Inc. engages in the provision of payment processing and information management solutions. It operates through the following segments: Fleet Solutions; Travel and Corporate Solutions; and Health and Employee Benefit Solutions.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts