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.
COPYRIGHT VIOLATION NOTICE: “Stephen Sadler Sells 15,000 Shares of Open Text Corp (TSE:OTEX) Stock” was first published by Modern Readers and is owned by of Modern Readers. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright law. The legal version of this news story can be accessed at https://www.modernreaders.com/news/2019/06/14/stephen-sadler-sells-15000-shares-of-open-text-corp-tseotex-stock.html.
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.
Featured Story: What is a conference call?
Receive News & Ratings for Open Text Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Open Text and related companies with MarketBeat.com's FREE daily email newsletter.