Stephen Sadler Sells 15,000 Shares of Open Text Corp (TSE:OTEX) Stock

Open Text Corp (TSE:OTEX) (NASDAQ:OTEX) Director Stephen Sadler sold 15,000 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of C$54.86, for a total transaction of C$822,900.00. Following the transaction, the director now directly owns 135,000 shares of the company’s stock, valued at approximately C$7,406,100.

Shares of TSE OTEX traded up C$0.21 during midday trading on Friday, reaching C$55.37. 205,684 shares of the company traded hands, compared to its average volume of 559,702. Open Text Corp has a 52 week low of C$42.10 and a 52 week high of C$55.41. The company has a quick ratio of 1.28, a current ratio of 1.38 and a debt-to-equity ratio of 68.16. The stock has a market cap of $14.68 billion and a P/E ratio of 54.28.

Separately, BMO Capital Markets set a C$45.00 price target on shares of Open Text and gave the company an “outperform” rating in a report on Friday, May 3rd.

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Open Text Company Profile

Open Text Corporation provides a suite of software products and services. The company offers content services; digital process automation, which enables organizations to transform into digital and data-driven businesses through automation; and discovery suite that provides forensics and unstructured data analytics for searching, collecting, and investigating enterprise data to manage legal obligations and risk.

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