Simulations Plus (NASDAQ:SLP) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Simulations Plus, Inc. (NASDAQ:SLP) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.40 and traded as high as $18.36. Simulations Plus shares last traded at $18.31, with a volume of 208,916 shares trading hands.

Analysts Set New Price Targets

SLP has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Simulations Plus from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Craig Hallum downgraded shares of Simulations Plus from a “buy” rating to a “hold” rating and set a $18.50 target price for the company. in a research note on Thursday, June 18th. TD Cowen cut their target price on shares of Simulations Plus from $19.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, April 10th. Weiss Ratings raised shares of Simulations Plus from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 10th. Finally, William Blair lowered shares of Simulations Plus from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 17th. Seven research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $17.25.

Simulations Plus Price Performance

The company has a market cap of $370.61 million, a price-to-earnings ratio of 45.80 and a beta of 1.32. The stock has a 50-day moving average price of $17.75 and a 200 day moving average price of $15.39.

Simulations Plus (NASDAQ:SLP) last issued its quarterly earnings data on Thursday, July 9th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.07. Simulations Plus had a return on equity of 13.50% and a net margin of 9.88%.The business had revenue of $21.89 million during the quarter, compared to analyst estimates of $20.90 million. Sell-side analysts expect that Simulations Plus, Inc. will post 0.8 EPS for the current fiscal year.

Insider Buying and Selling at Simulations Plus

In other news, Director Walter S. Woltosz sold 4,177 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $18.44, for a total value of $77,023.88. Following the completion of the transaction, the director owned 3,202,131 shares in the company, valued at $59,047,295.64. This represents a 0.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 19.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Simulations Plus

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Light Asset Management LLC raised its stake in shares of Simulations Plus by 33.7% in the 1st quarter. First Light Asset Management LLC now owns 2,632,823 shares of the technology company’s stock valued at $31,120,000 after purchasing an additional 663,906 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Simulations Plus by 25.3% during the second quarter. Ameriprise Financial Inc. now owns 875,447 shares of the technology company’s stock worth $15,277,000 after buying an additional 176,747 shares in the last quarter. Marshall Wace LLP raised its position in Simulations Plus by 127.5% in the 4th quarter. Marshall Wace LLP now owns 569,783 shares of the technology company’s stock valued at $10,387,000 after buying an additional 319,301 shares during the last quarter. Stephens Investment Management Group LLC raised its position in Simulations Plus by 30.8% in the 4th quarter. Stephens Investment Management Group LLC now owns 513,728 shares of the technology company’s stock valued at $9,365,000 after buying an additional 120,888 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its position in Simulations Plus by 1,898.1% in the 4th quarter. First Eagle Investment Management LLC now owns 457,155 shares of the technology company’s stock valued at $8,334,000 after buying an additional 434,275 shares during the last quarter. 78.08% of the stock is owned by institutional investors and hedge funds.

About Simulations Plus

Simulations Plus, Inc (NASDAQ: SLP) specializes in advanced modeling and simulation software tailored to the pharmaceutical, biotechnology and chemical industries. The company’s flagship products include ADMET Predictor, a quantitative structure-activity relationship (QSAR) tool for predicting absorption, distribution, metabolism, excretion and toxicity properties, and GastroPlus, a physiologically based pharmacokinetic (PBPK) modeling platform for simulating drug absorption and pharmacokinetics.