Bytes Technology Group (LON:BYIT) Stock: Insider Andrew Holden Sells 13,452 Shares

Bytes Technology Group plc (LON:BYIT) insider Andrew Holden sold 13,452 shares of the business’s stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of GBX 447, for a total value of £60,130.44.

Andrew Holden also recently made the following trade(s):

• On Friday, July 31st, Andrew Holden sold 23 shares of Bytes Technology Group stock. The shares were sold at an average price of GBX 407, for a total transaction of GBX 9,361.

Bytes Technology Group Stock Performance

Shares of BYIT traded up GBX 7.20 during mid-day trading on Monday, hitting GBX 456.40. 490,233 shares of the company’s stock were exchanged, compared to its average volume of 2,666,695. Bytes Technology Group plc has a fifty-two week low of GBX 232.92 and a fifty-two week high of GBX 494.20. The firm has a market capitalization of £1.05 billion, a P/E ratio of 22.01, a P/E/G ratio of 2.27 and a beta of 0.72. The business’s 50 day moving average is GBX 430.72 and its two-hundred day moving average is GBX 388.43. 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 released its quarterly earnings results on Tuesday, October 13th. The company reported GBX 12.76 earnings per share (EPS) for the quarter. Bytes Technology Group had a return on equity of 69.17% and a net margin of 21.65%. On average, equities analysts expect that Bytes Technology Group plc will post 11.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BYIT. Berenberg Bank reiterated a “buy” rating and issued a GBX 520 price objective on shares of Bytes Technology Group in a research report on Thursday, October 15th. Jefferies Financial Group restated a “hold” rating and set a GBX 450 price objective on shares of Bytes Technology Group in a research report on Wednesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Bytes Technology Group to a “buy” rating and raised their target price for the stock 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 assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of GBX 443.75.

Bytes Technology Group Company Profile

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.