CI&T (NYSE:CINT) Insider Acquires $17,298.69 in Stock

CI&T Inc. (NYSE:CINT) insider Neto Bruno Guicardi bought 5,389 shares of CI&T stock in a transaction that occurred on Friday, September 11th. The shares were acquired at an average price of $3.21 per share, with a total value of $17,298.69. Following the completion of the acquisition, the insider directly owned 91,264 shares of the company’s stock, valued at $292,957.44. This represents a 6.28% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Neto Bruno Guicardi also recently made the following trade(s):

• On Thursday, September 10th, Neto Bruno Guicardi bought 100 shares of CI&T stock. The shares were bought at an average cost of $3.10 per share, for a total transaction of $310.00.

CI&T Trading Down 1.8%

Shares of NYSE:CINT traded down $0.06 during midday trading on Tuesday, reaching $3.13. The company had a trading volume of 40,402 shares, compared to its average volume of 100,317. The company has a fifty day simple moving average of $3.41 and a two-hundred day simple moving average of $3.98. The firm has a market cap of $421.37 million, a price-to-earnings ratio of 10.80 and a beta of 0.81. CI&T Inc. has a 1-year low of $2.80 and a 1-year high of $5.88. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.31 and a current ratio of 1.31.

CI&T (NYSE:CINT) last released its earnings results on Wednesday, August 12th. The company reported $0.07 earnings per share 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 firm had revenue of $142.82 million during the quarter, compared to analysts’ expectations of $140.05 million. Research analysts predict that CI&T Inc. will post 0.31 earnings per share for the current year.

Hedge Funds Weigh In On CI&T

A number of institutional investors have recently made changes to their positions in CINT. Squarepoint Ops LLC bought a new stake in CI&T during the 2nd quarter valued at approximately $43,000. Janney Montgomery Scott LLC bought a new stake in shares of CI&T in the first quarter valued at approximately $60,000. AXQ Capital LP acquired a new stake in shares of CI&T in the second quarter worth $74,000. Wedbush Securities Inc. grew 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 worth $139,000 after acquiring an additional 22,525 shares during the last quarter. Finally, R Squared Ltd increased its position in CI&T by 24.1% during the first quarter. R Squared Ltd now owns 34,521 shares of the company’s stock worth $175,000 after acquiring an additional 6,707 shares during the period. 92.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CINT has been the topic of a number of research analyst reports. Wedbush downgraded shares of CI&T from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $7.00 to $4.00 in a research report on Tuesday, July 21st. Wall Street Zen lowered CI&T from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Zacks Research lowered CI&T from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. JPMorgan Chase & Co. reduced their target price on shares of CI&T from $6.00 to $5.00 and set an “overweight” rating for the company in a research note on Wednesday, August 12th. Finally, Weiss Ratings lowered shares of CI&T from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 29th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $6.08.

About CI&T

CI&T, Inc is a global technology and digital transformation company that helps organizations develop, modernize and operate digital products and business systems. Its services include digital strategy, user experience and product design, software engineering, cloud technology, data and artificial intelligence, and the modernization of legacy applications.

The company works with businesses across industries such as financial services, consumer goods, healthcare, manufacturing and technology.