Today, the SVP & GC of Cabot Corporation (NYSE: CBT), Brian Berube, sold shares of CBT for $440.9K.
Following Brian Berube’s last CBT Sell transaction on February 08, 2017, the stock climbed by 4.6%. In addition to Brian Berube, 6 other CBT executives reported Sell trades in the last month.
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Based on Cabot Corporation’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $818 million and GAAP net loss of $173 million. In comparison, last year the company earned revenue of $678 million and had a net profit of $73 million. Currently, Cabot Corporation has an average volume of 639.9K.
Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $75.00, reflecting a -17.9% downside.
In the last 30 days, insiders have sold $19.41M worth of CBT shares and purchased $123.6K worth of CBT shares. The insider sentiment on Cabot Corporation has been negative according to 49 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Cabot Corp. engages in the provision of specialty chemicals and performance materials. It operates through the following segments: Reinforcement Materials, Performance Chemicals, Purification Solutions, and Specialty Fluids. The Reinforcement Materials segment involves the rubber blacks and elastomer composites product lines.
