CI&T (NYSE:CINT) Insider Neto Bruno Guicardi Acquires 5,389 Shares

CI&T Inc. (NYSE:CINT) insider Neto Bruno Guicardi purchased 5,389 shares of CI&T stock in a transaction dated Friday, September 11th. The stock was bought at an average cost of $3.21 per share, with a total value of $17,298.69. Following the completion of the purchase, the insider owned 91,264 shares in the company, valued at approximately $292,957.44. This trade represents a 6.28% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, September 10th, Neto Bruno Guicardi acquired 100 shares of CI&T stock. The stock was bought at an average price of $3.10 per share, with a total value of $310.00.

CI&T Price Performance

NYSE CINT opened at $3.13 on Wednesday. CI&T Inc. has a 12 month low of $2.80 and a 12 month high of $5.88. The firm has a market capitalization of $421.37 million, a PE ratio of 10.80 and a beta of 0.81. The company’s 50 day simple moving average is $3.41 and its 200 day simple moving average is $3.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.31 and a quick 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 analysts’ consensus estimates 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 analyst estimates of $140.05 million. As a group, equities research analysts forecast that CI&T Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. TD Cowen dropped their price target on shares of CI&T from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. UBS Group reduced their price objective on shares of CI&T from $7.20 to $6.20 and set a “buy” rating for the company in a research report on Wednesday, August 12th. JPMorgan Chase & Co. lowered their price objective on shares of CI&T from $6.00 to $5.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 12th. Wall Street Zen downgraded shares of CI&T from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Wedbush cut shares of CI&T from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $7.00 to $4.00 in a report on Tuesday, July 21st. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, CI&T has an average rating of “Hold” and an average target price of $6.08.

Institutional Investors Weigh In On CI&T

Hedge funds have recently modified their holdings of the stock. Royce & Associates LP boosted its position in shares of CI&T by 69.7% in the 4th quarter. Royce & Associates LP now owns 888,221 shares of the company’s stock valued at $3,615,000 after purchasing an additional 364,696 shares during the period. GMT Capital Corp purchased a new stake in CI&T during the fourth quarter valued at about $1,786,000. Beacon Hill Wealth Management LTD. purchased a new stake in CI&T during the second quarter valued at about $617,000. Lazard Asset Management LLC boosted its holdings in shares of CI&T by 6.4% in the first quarter. Lazard Asset Management LLC now owns 102,742 shares of the company’s stock worth $521,000 after buying an additional 6,171 shares during the period. Finally, NewEdge Advisors LLC acquired a new position in shares of CI&T in the first quarter worth about $181,000. 92.45% of the stock is owned by hedge funds and other institutional investors.

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.