Today it was reported that the EVP & COO of Virtusa Corp (VRTU), Roger Keith Modder, exercised options to sell 17,716 VRTU shares at $9.82 a share, for a total transaction value of $927.8K.
Following Roger Keith Modder’s last VRTU Sell transaction on May 21, 2018, the stock climbed by 4.2%. In addition to Roger Keith Modder, one other VRTU executive reported Sell trades in the last month.
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Based on Virtusa Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $314 million and quarterly net profit of $12.58 million. In comparison, last year the company earned revenue of $261 million and had a GAAP net loss of $10.06 million. VRTU’s market cap is $1.55B and the company has a P/E ratio of 317.08. Currently, Virtusa Corp has an average volume of 146.8K.
Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $61.50, reflecting a 20.5% upside.
The insider sentiment on Virtusa Corp has been negative according to 76 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Roger Keith Modder’s trades have generated a -15.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Virtusa Corp. engages in the provision of information technology consulting, technology implementation, and application outsourcing services. Its services includes business process management, application services, infrastructure management, enterprise information management, independent validation services, platforming, mobility, enterprise resource planning, business consulting, customer experience management, and cloud. The company was founded by Krishan A. Canekeratne, Tushara Canekeratne and John Gillis in November 1996 and is headquartered in Westborough, MA.
