The General Counsel and EVP of GTT Communications (GTT) is Selling Shares
Today, the General Counsel and EVP of GTT Communications (GTT), Chris Mckee, sold shares of GTT for $163.4K.
This is Mckee’s first Sell trade following 4 Buy transactions.
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Based on GTT Communications’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $455 million and GAAP net loss of $53 million. In comparison, last year the company earned revenue of $249 million and had a GAAP net loss of $49.5 million. Currently, GTT Communications has an average volume of 167.9K.
Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $41.25, reflecting a 38.9% upside.
The insider sentiment on GTT Communications has been positive according to 141 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Chris Mckee’s trades have generated a -15.4% 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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GTT Communications, Inc. engages in the provision of cloud networking services to multinational clients. It offers broad portfolio of global services including private networking; Internet; optical transport; Software Defined Wide Area Networking; managed services; voice and unified communications; video transport; and access services.