Edgewater Technology Inc. (NASDAQ:EDGW) Director Frederick D. Disanto bought 20,451 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were acquired at an average price of $7.17 per share, for a total transaction of $146,633.67. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Edgewater Technology Inc. (NASDAQ:EDGW) traded down 0.83% during midday trading on Friday, reaching $7.17. The company had a trading volume of 2,834 shares. Edgewater Technology Inc. has a 1-year low of $6.22 and a 1-year high of $9.40. The firm’s 50 day moving average is $7.29 and its 200 day moving average is $7.18. The stock’s market capitalization is $96.36 million.

Edgewater Technology (NASDAQ:EDGW) last issued its earnings results on Thursday, May 4th. The information technology services provider reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.17. The firm had revenue of $29.13 million for the quarter. Edgewater Technology had a negative return on equity of 5.36% and a negative net margin of 3.23%. On average, equities analysts anticipate that Edgewater Technology Inc. will post ($0.10) EPS for the current fiscal year.

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Separately, TheStreet upgraded Edgewater Technology from a “d+” rating to a “c” rating in a report on Monday, April 3rd.

About Edgewater Technology

Edgewater Technology, Inc is a provider of transformational classic and product-based consulting services. The Company helps the C-suite drive transformational change through its selection of business and technology services, and channel-based solutions. The classic consulting disciplines (such as business advisory, process improvement, organizational change management, mergers and acquisitions (M&A) due diligence, and domain expertise) are blended with technical services (digital transformation, technical roadmaps, data and analytics services, custom development and system integration) to help organizations leverage investments in legacy information technology (IT) assets.

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