Insider Selling: Bytes Technology Group (LON:BYIT) Insider Sells £34,378.77 in Stock

Bytes Technology Group plc (LON:BYIT) insider Sam Mudd sold 7,691 shares of the stock in a transaction on Friday, October 23rd. The stock was sold at an average price of GBX 447, for a total value of £34,378.77.

Bytes Technology Group Price Performance

LON BYIT opened at GBX 464.70 on Thursday. The company has a 50-day moving average price of GBX 433.94 and a two-hundred day moving average price of GBX 366.41. Bytes Technology Group plc has a 52 week low of GBX 232.92 and a 52 week high of GBX 494.20. The stock has a market cap of £1.07 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 2.27 and a beta of 0.72. The company has a current ratio of 1.03, a quick ratio of 0.98 and a debt-to-equity ratio of 2.94.

Bytes Technology Group (LON:BYIT) last posted its quarterly earnings data on Tuesday, October 13th. The company reported GBX 12.76 earnings per share for the quarter. Bytes Technology Group had a net margin of 21.65% and a return on equity of 69.17%. Analysts forecast that Bytes Technology Group plc will post 11.35 EPS for the current year.

Analyst Upgrades and Downgrades

BYIT has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 450 price objective on shares of Bytes Technology Group in a research note on Wednesday, October 14th. Berenberg Bank reissued a “buy” rating and set a GBX 520 target price on shares of Bytes Technology Group in a research note on Thursday, October 15th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Bytes Technology Group to a “buy” rating and increased their target price for the company from GBX 410 to GBX 500 in a research note on Wednesday, August 26th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of GBX 443.75.

About Bytes Technology Group

BTG is one of the UK and Ireland’s leading software, security, AI and cloud services specialists. With a team of more than 1,200 talented people, it serves around 6,000 customers in the corporate and public sectors, building lasting, trust-based relationships to help organisations get the most from the latest transformative technologies shaping our world.

As a value-added reseller, BTG works hand in hand with more than 100 of the world’s biggest vendors who make or distribute the software, hardware and other IT products that it provides to its customers.