Rosetta Stone Inc (NYSE:RST) General Counsel Sonia Galindo sold 4,496 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $23.91, for a total transaction of $107,499.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Rosetta Stone stock traded up $1.25 during midday trading on Thursday, hitting $25.04. The company had a trading volume of 349,100 shares, compared to its average volume of 213,874. The firm has a market capitalization of $580.97 million, a P/E ratio of -26.36 and a beta of 0.26. Rosetta Stone Inc has a 12-month low of $14.14 and a 12-month high of $26.88.

Rosetta Stone (NYSE:RST) last announced its quarterly earnings data on Tuesday, May 7th. The software maker reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.22. The company had revenue of $44.61 million during the quarter, compared to analysts’ expectations of $43.50 million. As a group, analysts anticipate that Rosetta Stone Inc will post -0.6 EPS for the current year.

Several institutional investors have recently made changes to their positions in the stock. Citigroup Inc. raised its position in shares of Rosetta Stone by 14.3% in the 4th quarter. Citigroup Inc. now owns 6,587 shares of the software maker’s stock valued at $108,000 after purchasing an additional 825 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Rosetta Stone by 2.7% in the 1st quarter. Wells Fargo & Company MN now owns 33,541 shares of the software maker’s stock valued at $733,000 after purchasing an additional 881 shares during the last quarter. Legal & General Group Plc raised its position in shares of Rosetta Stone by 34.8% in the 4th quarter. Legal & General Group Plc now owns 3,936 shares of the software maker’s stock valued at $65,000 after purchasing an additional 1,016 shares during the last quarter. First Mercantile Trust Co. raised its position in shares of Rosetta Stone by 12.5% in the 1st quarter. First Mercantile Trust Co. now owns 12,486 shares of the software maker’s stock valued at $273,000 after purchasing an additional 1,389 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Rosetta Stone by 1.1% during the 1st quarter. AQR Capital Management LLC now owns 140,494 shares of the software maker’s stock worth $3,070,000 after buying an additional 1,492 shares during the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Rosetta Stone from a “buy” rating to a “hold” rating in a research report on Friday, January 25th. ValuEngine lowered shares of Rosetta Stone from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 4th. Barrington Research reaffirmed a “buy” rating and issued a $27.00 price objective (up from $24.00) on shares of Rosetta Stone in a research report on Thursday, March 7th. Finally, Lake Street Capital increased their price objective on shares of Rosetta Stone from $21.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $28.00.

COPYRIGHT VIOLATION WARNING: “Insider Selling: Rosetta Stone Inc (RST) General Counsel Sells 4,496 Shares of Stock” was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of US & international copyright law. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2019/05/23/insider-selling-rosetta-stone-inc-rst-general-counsel-sells-4496-shares-of-stock.html.

About Rosetta Stone

Rosetta Stone Inc, together with its subsidiaries, provides technology-based learning products in the United States and internationally. It operates through three segments: Literacy, E&E Language, and Consumer Language. The company develops, markets, and supports a suite of language-learning, literacy, and brain fitness solutions consisting of Web-based software subscriptions, perpetual software products, online and professional services, audio practice products, and mobile applications.

Read More: Institutional Investors

Insider Buying and Selling by Quarter for Rosetta Stone (NYSE:RST)

Receive News & Ratings for Rosetta Stone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rosetta Stone and related companies with MarketBeat.com's FREE daily email newsletter.