Insider Buying: Celebrus Technologies (LON:CLBS) Insider Acquires £40,800 in Stock

Celebrus Technologies plc (LON:CLBS) insider Ashoni (Ash) Kumar Mehta acquired 40,000 shares of the company’s stock in a transaction dated Thursday, July 16th. The shares were purchased at an average price of GBX 102 per share, with a total value of £40,800.

Ashoni (Ash) Kumar Mehta also recently made the following trade(s):

• On Tuesday, July 14th, Ashoni (Ash) Kumar Mehta bought 50,000 shares of Celebrus Technologies stock. The stock was purchased at an average cost of GBX 96 per share, for a total transaction of £48,000.
• On Wednesday, July 15th, Ashoni (Ash) Kumar Mehta bought 10,000 shares of Celebrus Technologies stock. The stock was purchased at an average price of GBX 99 per share, for a total transaction of £9,900.

Celebrus Technologies Trading Up 1.9%

CLBS stock opened at GBX 105 on Monday. Celebrus Technologies plc has a 12-month low of GBX 74 and a 12-month high of GBX 194. The stock has a 50-day moving average price of GBX 88.25 and a two-hundred day moving average price of GBX 106.85. The company has a market cap of £39.81 million, a PE ratio of 11.06 and a beta of 0.84.

Celebrus Technologies (LON:CLBS) last issued its quarterly earnings results on Tuesday, July 14th. The company reported GBX 1.07 EPS for the quarter. Celebrus Technologies had a negative net margin of 2.17% and a negative return on equity of 1.32%.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered their price target on Celebrus Technologies from GBX 280 to GBX 150 and set a “buy” rating on the stock in a report on Monday, April 27th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 150.

More Celebrus Technologies News

Here are the key news stories impacting Celebrus Technologies this week:

• Positive Sentiment: Chief Financial Officer Ashoni (Ash) Kumar Mehta bought additional shares this week, including 40,000 shares at GBX 102 and earlier purchases of 50,000 shares at GBX 96 and 10,000 shares at GBX 99. Repeated open-market buying by a top executive is often viewed positively by investors. Article Title
• Positive Sentiment: Another director, Helen Patricia Gilder, also purchased shares, reinforcing the impression that insiders may believe the stock is undervalued after recent weakness. Article Title
• Neutral Sentiment: Celebrus recently reported quarterly earnings of GBX 1.07 per share, but profitability remains pressured with a negative net margin and negative return on equity. Article Title
• Negative Sentiment: Investors are still digesting a report that profits slumped due to deal delays, which suggests near-term execution risk and helps explain why the stock has not fully recovered to prior levels. Article Title
• Negative Sentiment: Canaccord Genuity previously cut its price target on Celebrus Technologies from GBX 280 to GBX 150, highlighting more cautious expectations despite maintaining a buy rating. Article Title

Celebrus Technologies Company Profile

As a disruptive data technology platform, Celebrus is focused on improving the relationships between brands and consumers via better data. Celebrus redefines what digital identity verification means to power both next-level marketing and fraud prevention use cases. Deployed across 30+ countries throughout the financial services, healthcare, retail, travel, and telecommunications sectors, Celebrus automatically captures, contextualises, and activates consumer behavioral data in live-time across all digital channels.