CI&T (NYSE:CINT) Director Fernando Matt Borges Martins Acquires 9,116 Shares of Stock

CI&T Inc. (NYSE:CINT) Director Fernando Matt Borges Martins acquired 9,116 shares of CI&T stock in a transaction that occurred on Wednesday, October 7th. The stock was acquired at an average cost of $3.12 per share, with a total value of $28,441.92. Following the purchase, the director owned 20 shares in the company, valued at $62.40. The trade was a -100.22% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Fernando Matt Borges Martins also recently made the following trade(s):

• On Tuesday, October 6th, Fernando Matt Borges Martins acquired 6,629 shares of CI&T stock. The stock was acquired at an average price of $3.15 per share, with a total value of $20,881.35.
• On Thursday, October 1st, Fernando Matt Borges Martins bought 4,123 shares of CI&T stock. The shares were acquired at an average cost of $3.18 per share, for a total transaction of $13,111.14.

CI&T Price Performance

NYSE CINT opened at $3.07 on Friday. CI&T Inc. has a fifty-two week low of $2.80 and a fifty-two week high of $5.80. The stock’s 50-day moving average is $3.35 and its two-hundred day moving average is $3.73. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market cap of $413.03 million, a P/E ratio of 10.58 and a beta of 0.83.

CI&T (NYSE:CINT) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). CI&T had a return on equity of 11.69% and a net margin of 6.79%.The company had revenue of $142.82 million for the quarter, compared to the consensus estimate of $140.05 million. On average, analysts anticipate that CI&T Inc. will post 0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CI&T

Institutional investors and hedge funds have recently bought and sold shares of the stock. GMT Capital Corp acquired a new stake in CI&T in the 4th quarter worth $1,786,000. Beacon Hill Wealth Management LTD. acquired a new position in shares of CI&T during the second quarter valued at about $617,000. Squarepoint Ops LLC acquired a new position in shares of CI&T during the second quarter valued at about $43,000. AXQ Capital LP bought a new stake in shares of CI&T in the second quarter valued at about $74,000. Finally, Wedbush Securities Inc. lifted its stake in shares of CI&T by 118.1% in the second quarter. Wedbush Securities Inc. now owns 41,600 shares of the company’s stock valued at $139,000 after buying an additional 22,525 shares during the period. Institutional investors own 92.45% of the company’s stock.

Wall Street Analysts Forecast Growth

CINT has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of CI&T from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Wedbush downgraded CI&T from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $7.00 to $4.00 in a research report on Tuesday, July 21st. Weiss Ratings reiterated a “sell (d+)” rating on shares of CI&T in a research note on Friday, September 25th. UBS Group dropped their price objective on CI&T from $7.20 to $6.20 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Finally, JPMorgan Chase & Co. cut their price objective on CI&T from $6.00 to $5.00 and set an “overweight” rating for the company in a research report on Wednesday, August 12th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.08.

About CI&T

CI&T (NYSE:CINT) is a global technology and digital transformation services company that helps organizations modernize their operations, customer experiences and technology platforms. Its offerings include business and technology strategy, product design, software engineering, cloud modernization, data and artificial intelligence, cybersecurity, and managed technology services.

Founded in 1995 and headquartered in Campinas, Brazil, CI&T works with clients across industries such as consumer products, financial services, healthcare, manufacturing and retail.