Insider Buying: CI&T (NYSE:CINT) CEO Buys 3,835 Shares of Company Stock

CI&T Inc. (NYSE:CINT) CEO Cesar Nivaldo Gon bought 3,835 shares of the stock in a transaction dated Tuesday, September 29th. The stock was purchased at an average cost of $2.95 per share, for a total transaction of $11,313.25. Following the acquisition, the chief executive officer owned 79,043 shares of the company’s stock, valued at approximately $233,176.85. This represents a 5.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Cesar Nivaldo Gon also recently made the following trade(s):

• On Wednesday, September 30th, Cesar Nivaldo Gon bought 2,849 shares of CI&T stock. The shares were acquired at an average price of $3.10 per share, for a total transaction of $8,831.90.

CI&T Stock Performance

Shares of CINT stock traded up $0.15 during trading hours on Thursday, reaching $3.22. 40,955 shares of the company’s stock were exchanged, compared to its average volume of 132,076. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.31 and a quick ratio of 1.31. The company’s 50 day moving average is $3.35 and its two-hundred day moving average is $3.82. The company has a market cap of $433.89 million, a P/E ratio of 11.12 and a beta of 0.81. CI&T Inc. has a 1 year low of $2.80 and a 1 year high of $5.80.

CI&T (NYSE:CINT) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). CI&T had a net margin of 6.79% and a return on equity of 11.69%. The business had revenue of $142.82 million during the quarter, compared to analysts’ expectations of $140.05 million. Equities research analysts anticipate that CI&T Inc. will post 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CINT shares. UBS Group cut their price target on shares of CI&T from $7.20 to $6.20 and set a “buy” rating for the company in a report on Wednesday, August 12th. Wall Street Zen lowered shares of CI&T from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CI&T in a report on Friday, September 25th. JPMorgan Chase & Co. decreased their price target on CI&T from $6.00 to $5.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 12th. Finally, TD Cowen decreased their price target on CI&T from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, CI&T has an average rating of “Moderate Buy” and a consensus target price of $6.08.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CINT. Janney Montgomery Scott LLC acquired a new position in shares of CI&T in the first quarter worth $60,000. Squarepoint Ops LLC purchased a new stake in shares of CI&T in the second quarter valued at $43,000. AXQ Capital LP acquired a new stake in shares of CI&T during the second quarter valued at $74,000. R Squared Ltd boosted its stake in shares of CI&T by 24.1% during the first quarter. R Squared Ltd now owns 34,521 shares of the company’s stock valued at $175,000 after acquiring an additional 6,707 shares during the last quarter. Finally, NewEdge Advisors LLC purchased a new position in CI&T in the 1st quarter valued at about $181,000. 92.45% of the stock is currently owned by institutional investors and hedge funds.

About CI&T

CI&T, Inc is a global technology and digital transformation company that helps organizations develop, modernize and operate digital products and business systems. Its services include digital strategy, user experience and product design, software engineering, cloud technology, data and artificial intelligence, and the modernization of legacy applications.

The company works with businesses across industries such as financial services, consumer goods, healthcare, manufacturing and technology.