Today, the VP & CAO of Avid Technology (AVID), Ryan Murray, sold shares of AVID for $96K.
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Based on Avid Technology’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $103 million and GAAP net loss of $213K. In comparison, last year the company earned revenue of $97.94 million and had a GAAP net loss of $8.95 million. Currently, Avid Technology has an average volume of 529.3K.
Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $8.50, reflecting a 11.4% upside.
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Avid Technology, Inc. engages in the provision of technology services for media and entertainment industry. It develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management and distribution. The company was founded by William J. Warner in September 1987 and is headquartered in Burlington, MA.
