Insight Enterprises (NASDAQ:NSIT) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Insight Enterprises, Inc. (NASDAQ:NSIT)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $81.85 and traded as high as $93.89. Insight Enterprises shares last traded at $93.57, with a volume of 435,350 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NSIT. Raymond James Financial raised shares of Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 price target on the stock in a report on Thursday, May 7th. JPMorgan Chase & Co. lowered their target price on shares of Insight Enterprises from $90.00 to $80.00 and set an “underweight” rating on the stock in a report on Thursday, April 16th. Canaccord Genuity Group set a $75.00 target price on shares of Insight Enterprises in a report on Friday, May 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Insight Enterprises in a report on Thursday, April 2nd. Finally, Wall Street Zen raised shares of Insight Enterprises from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Insight Enterprises currently has a consensus rating of “Hold” and an average price target of $93.75.

Insight Enterprises Price Performance

The firm’s fifty day moving average price is $76.12 and its 200 day moving average price is $81.96. The company has a quick ratio of 1.17, a current ratio of 1.22 and a debt-to-equity ratio of 0.92. The stock has a market cap of $2.95 billion, a PE ratio of 17.09, a P/E/G ratio of 0.82 and a beta of 0.96.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, May 7th. The software maker reported $2.88 EPS for the quarter, topping the consensus estimate of $2.45 by $0.43. Insight Enterprises had a net margin of 2.17% and a return on equity of 20.89%. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the previous year, the firm earned $2.06 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. As a group, equities analysts expect that Insight Enterprises, Inc. will post 11.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other Insight Enterprises news, CFO James A. Morgado purchased 2,290 shares of Insight Enterprises stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average price of $87.25 per share, for a total transaction of $199,802.50. Following the completion of the transaction, the chief financial officer owned 17,246 shares of the company’s stock, valued at approximately $1,504,713.50. This trade represents a 15.31% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.21% of the company’s stock.

Institutional Investors Weigh In On Insight Enterprises

Several large investors have recently bought and sold shares of the business. Bank of America Corp DE increased its position in Insight Enterprises by 24.4% in the first quarter. Bank of America Corp DE now owns 316,014 shares of the software maker’s stock worth $21,176,000 after purchasing an additional 62,060 shares during the last quarter. Janus Henderson Group PLC increased its position in Insight Enterprises by 27.3% in the first quarter. Janus Henderson Group PLC now owns 14,974 shares of the software maker’s stock worth $1,003,000 after purchasing an additional 3,210 shares during the last quarter. Amundi increased its position in Insight Enterprises by 16.7% in the first quarter. Amundi now owns 18,189 shares of the software maker’s stock worth $1,219,000 after purchasing an additional 2,602 shares during the last quarter. California State Teachers Retirement System increased its position in Insight Enterprises by 24.0% in the first quarter. California State Teachers Retirement System now owns 34,724 shares of the software maker’s stock worth $2,327,000 after purchasing an additional 6,728 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in Insight Enterprises by 38.3% during the first quarter. Quantinno Capital Management LP now owns 12,250 shares of the software maker’s stock valued at $821,000 after acquiring an additional 3,392 shares during the last quarter.

About Insight Enterprises

Insight Enterprises, Inc is a global technology provider headquartered in Tempe, Arizona. Founded in 1988, the company specializes in helping organizations harness the power of digital transformation by offering a comprehensive portfolio of IT hardware, software, cloud and licensing management solutions. Insight’s expertise spans across the full technology lifecycle, from initial strategy and consulting to implementation, integration and ongoing managed services.

At the core of Insight’s business are its consulting and professional services, which guide clients through complex technology environments and ensure optimal deployment of solutions.