GTT Communications, Inc. (NYSE:GTT) insider Richard Calder sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $31.99, for a total transaction of $319,900.00. Following the transaction, the insider now directly owns 1,121,006 shares of the company’s stock, valued at approximately $35,860,981.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Richard Calder also recently made the following trade(s):

  • On Friday, September 1st, Richard Calder sold 10,000 shares of GTT Communications stock. The shares were sold at an average price of $31.34, for a total transaction of $313,400.00.
  • On Tuesday, August 1st, Richard Calder sold 10,000 shares of GTT Communications stock. The shares were sold at an average price of $30.38, for a total transaction of $303,800.00.

GTT Communications, Inc. (NYSE:GTT) opened at 33.70 on Friday. The firm’s 50 day moving average is $30.84 and its 200-day moving average is $29.73. GTT Communications, Inc. has a 52 week low of $20.80 and a 52 week high of $34.20. The company’s market cap is $1.39 billion.

GTT Communications (NYSE:GTT) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.05. The firm had revenue of $186.20 million during the quarter, compared to analyst estimates of $186.65 million. GTT Communications had a negative net margin of 1.88% and a positive return on equity of 4.17%. The business’s revenue for the quarter was up 44.5% on a year-over-year basis. On average, analysts predict that GTT Communications, Inc. will post ($0.43) earnings per share for the current fiscal year.

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A number of brokerages have weighed in on GTT. Cowen and Company raised their target price on shares of GTT Communications from $40.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, June 28th. BidaskClub raised shares of GTT Communications from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Finally, Zacks Investment Research downgraded shares of GTT Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $36.20.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kennedy Capital Management Inc. raised its stake in shares of GTT Communications by 60.2% during the 1st quarter. Kennedy Capital Management Inc. now owns 412,699 shares of the technology company’s stock worth $10,049,000 after acquiring an additional 155,130 shares in the last quarter. Bank of America Corp DE raised its stake in shares of GTT Communications by 2.7% during the 1st quarter. Bank of America Corp DE now owns 295,555 shares of the technology company’s stock worth $7,196,000 after acquiring an additional 7,813 shares in the last quarter. Cadence Capital Management LLC raised its stake in shares of GTT Communications by 5.7% during the 2nd quarter. Cadence Capital Management LLC now owns 49,998 shares of the technology company’s stock worth $1,582,000 after acquiring an additional 2,698 shares in the last quarter. Bank of Montreal Can raised its stake in shares of GTT Communications by 27,059.6% during the 2nd quarter. Bank of Montreal Can now owns 226,511 shares of the technology company’s stock worth $7,169,000 after acquiring an additional 225,677 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new position in shares of GTT Communications during the 1st quarter worth approximately $597,000. Hedge funds and other institutional investors own 58.94% of the company’s stock.

GTT Communications Company Profile

GTT Communications, Inc provides cloud networking services to a range of clients. The Company offers a portfolio of global communications services, wide area network (WAN) services; Internet services; managed network and security services, and voice and unified communication services. It provides Layer 2 (Ethernet) and Layer 3 (multiprotocol label switching (MPLS)) WAN solutions for multinational clients.

Insider Buying and Selling by Quarter for GTT Communications (NYSE:GTT)

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