The EVP, Field Operations of PTC Inc (NASDAQ: PTC) is Selling Shares


Today, the EVP, Field Operations of PTC Inc (NASDAQ: PTC), Matthew Lessner Cohen, sold shares of PTC for $1.43M.

Following Matthew Lessner Cohen’s last PTC Sell transaction on January 24, 2017, the stock climbed by 30.7%. In addition to Matthew Lessner Cohen, 5 other PTC executives reported Sell trades in the last month.

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Based on PTC Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $308 million and quarterly net profit of $7.92 million. In comparison, last year the company earned revenue of $279 million and had a GAAP net loss of $1.1 million. The company has a one-year high of $86.49 and a one-year low of $51.02. PTC’s market cap is $9.62B and the company has a P/E ratio of 251.

One of the top 25 analysts, according to TipRanks.com, recently recommended Buy PTC with a $95 price target. Based on 9 analyst ratings, the analyst consensus is Strong Buy with an average price target of $89.44, reflecting a -6.6% downside.

The insider sentiment on PTC Inc has been negative according to 37 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.

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PTC, Inc. engages in the development and provision of software-based product management and development solutions. It operates through the following business segments: Internet of Things (IoT) Group, Solutions Group, and Professional Services.

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