Open Text (TSE:OTEX) Insider Brian Paul Sweeney Sells 8,050 Shares

Open Text Co. (TSE:OTEX) (NASDAQ:OTEX) insider Brian Paul Sweeney sold 8,050 shares of Open Text stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of C$49.31, for a total transaction of C$396,945.50. Following the sale, the insider owned 12,500 shares of the company’s stock, valued at C$616,375. The trade was a 39.17% decrease in their ownership of the stock.

Open Text Stock Performance

Shares of OTEX traded down C$0.29 during trading hours on Friday, reaching C$45.70. 1,020,817 shares of the company traded hands, compared to its average volume of 946,075. The company has a quick ratio of 1.34, a current ratio of 0.87 and a debt-to-equity ratio of 157.46. The business has a fifty day moving average price of C$50.42 and a 200-day moving average price of C$45.62. Open Text Co. has a 12-month low of C$32.41 and a 12-month high of C$56.00. The stock has a market capitalization of C$11.52 billion, a P/E ratio of 23.93, a P/E/G ratio of 1.35 and a beta of 0.82.

Open Text (TSE:OTEX) (NASDAQ:OTEX) last issued its earnings results on Wednesday, November 5th. The company reported C$1.05 earnings per share (EPS) for the quarter. The company had revenue of C$1.79 billion during the quarter. Open Text had a return on equity of 15.83% and a net margin of 12.21%. Equities analysts anticipate that Open Text Co. will post 4.9036649 EPS for the current fiscal year.

About Open Text

Open Text Corp grew out of a technology project involving the Oxford English Dictionary at Canada’s University of Waterloo in the mid-1980s. Its software allows clients to archive, aggregate, retrieve, and search unstructured information (such as documents, e-mail, presentations). The company is based in Ontario, Canada.