CI&T (NYSE:CINT) Director Fernando Matt Borges Martins Acquires 6,629 Shares of Stock

CI&T Inc. (NYSE:CINT) Director Fernando Matt Borges Martins acquired 6,629 shares of CI&T stock in a transaction on Tuesday, October 6th. The stock was purchased at an average cost of $3.15 per share, for a total transaction of $20,881.35. Following the purchase, the director owned 10,752 shares in the company, valued at approximately $33,868.80. The trade was a 160.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, October 7th, Fernando Matt Borges Martins acquired 9,116 shares of CI&T stock. The shares were purchased at an average cost of $3.12 per share, for a total transaction of $28,441.92.
• On Thursday, October 1st, Fernando Matt Borges Martins bought 4,123 shares of CI&T stock. The shares were purchased at an average price of $3.18 per share, with a total value of $13,111.14.

CI&T Stock Down 1.6%

NYSE CINT opened at $3.07 on Friday. The stock has a 50 day moving average price of $3.35 and a 200-day moving average price of $3.73. CI&T Inc. has a one year low of $2.80 and a one year high of $5.80. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market capitalization of $413.03 million, a P/E ratio of 10.58 and a beta of 0.83.

CI&T (NYSE:CINT) last announced its quarterly 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). The business had revenue of $142.82 million during the quarter, compared to the consensus estimate of $140.05 million. CI&T had a return on equity of 11.69% and a net margin of 6.79%. As a group, equities analysts predict that CI&T Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CINT shares. Wedbush downgraded 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. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CI&T in a report on Friday, September 25th. UBS Group dropped their price target on CI&T from $7.20 to $6.20 and set a “buy” rating for the company in a research report on Wednesday, August 12th. TD Cowen reduced their price objective on CI&T from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Finally, Zacks Research upgraded CI&T from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, CI&T has an average rating of “Moderate Buy” and a consensus target price of $6.08.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC purchased a new stake in shares of CI&T in the first quarter valued at $60,000. Squarepoint Ops LLC bought a new position in CI&T during the 2nd quarter valued at about $43,000. AXQ Capital LP bought a new position in CI&T during the 2nd quarter valued at about $74,000. R Squared Ltd raised its position in CI&T by 24.1% in the 1st quarter. R Squared Ltd now owns 34,521 shares of the company’s stock worth $175,000 after purchasing an additional 6,707 shares during the period. Finally, NewEdge Advisors LLC bought a new stake in CI&T in the first quarter worth about $181,000. Institutional investors own 92.45% of the company’s stock.

CI&T Company Profile

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.