Telit Communications Plc (LON:TCM) insider Oozi Cats acquired 200,000 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was acquired at an average cost of GBX 184 ($2.40) per share, for a total transaction of £368,000 ($479,229.07).

Oozi Cats also recently made the following trade(s):

  • On Thursday, June 29th, Oozi Cats acquired 75,215 shares of Telit Communications Plc stock. The stock was acquired at an average cost of GBX 312 ($4.06) per share, for a total transaction of £234,670.80 ($305,600.73).
  • On Wednesday, May 24th, Oozi Cats sold 7,081,620 shares of Telit Communications Plc stock. The shares were sold at an average price of GBX 340 ($4.43), for a total transaction of £24,077,508 ($31,355,004.56).

Telit Communications Plc (LON TCM) opened at 182.25 on Wednesday. The firm’s market capitalization is GBX 210.46 million. The company has a 50 day moving average of GBX 283.34 and a 200 day moving average of GBX 312.08. Telit Communications Plc has a 1-year low of GBX 143.25 and a 1-year high of GBX 379.00.

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Several equities analysts recently issued reports on the stock. Morgan Stanley decreased their target price on shares of Telit Communications Plc from GBX 350 ($4.56) to GBX 269 ($3.50) and set an “overweight” rating for the company in a research note on Tuesday. Canaccord Genuity decreased their target price on shares of Telit Communications Plc from GBX 390 ($5.08) to GBX 210 ($2.73) and set a “buy” rating for the company in a research note on Tuesday. Finally, Berenberg Bank boosted their target price on shares of Telit Communications Plc from GBX 380 ($4.95) to GBX 415 ($5.40) and gave the company a “buy” rating in a research note on Monday, May 15th. Five investment analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of GBX 317.80 ($4.14).

About Telit Communications Plc

Telit Communications PLC (Telit) is a United Kingdom-based enabler of machine-to-machine (M2M) communications providing cellular, short range and positioning modules via its brand Telit Wireless Solutions. The Company develops and markets cellular, global navigation satellite system (GNSS), short-to-long range wireless modules plus mobile connectivity services and application enablement platform to onboard edge devices to the Internet of Things (IoT).

Insider Buying and Selling by Quarter for Telit Communications Plc (LON:TCM)

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