Today, the Chairman & CEO of Virtusa Corp (VRTU), Kris Canekeratne, sold shares of VRTU for $1.95M.
Following Kris Canekeratne’s last VRTU Sell transaction on June 13, 2017, the stock climbed by 22.4%. In addition to Kris Canekeratne, 8 other VRTU executives 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 $1.54B and the company has a P/E ratio of 314.58. Currently, Virtusa Corp has an average volume of 131.6K.
The insider sentiment on Virtusa Corp has been negative according to 87 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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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.
