November 26, 2020

Insider Selling: Exponent, Inc. (NASDAQ:EXPO) Director Sells 8,000 Shares of Stock

Insider Selling: Exponent, Inc. (NASDAQ:EXPO) Director Sells 8,000 Shares of Stock


Exponent, Inc. (NASDAQ:EXPO) Director Paul R. Johnston sold 8,000 shares of the business’s stock in a transaction dated Monday, November 23rd. The shares were sold at an average price of $81.94, for a total transaction of $655,520.00. Following the completion of the sale, the director now directly owns 71,627 shares of the company’s stock, valued at approximately $5,869,116.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Exponent stock traded down $0.42 on Wednesday, reaching $83.32. 134,053 shares of the stock were exchanged, compared to its average volume of 291,069. The firm’s 50 day moving average is $75.88 and its 200-day moving average is $76.70. Exponent, Inc. has a one year low of $58.03 and a one year high of $84.96. The firm has a market cap of $4.30 billion, a PE ratio of 55.55 and a beta of 0.19.

Exponent (NASDAQ:EXPO) last issued its quarterly earnings results on Thursday, October 29th. The business services provider reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.07. Exponent had a net margin of 19.63% and a return on equity of 23.66%. The company had revenue of $98.70 million during the quarter, compared to the consensus estimate of $91.73 million. During the same quarter in the prior year, the firm posted $0.36 EPS. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. As a group, research analysts predict that Exponent, Inc. will post 1.42 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, December 3rd. Exponent’s dividend payout ratio is 49.67%.

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A number of analysts have issued reports on EXPO shares. BidaskClub raised shares of Exponent from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 28th. William Blair reaffirmed a “market perform” rating on shares of Exponent in a report on Monday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $88.67.

A number of hedge funds have recently added to or reduced their stakes in the stock. Conestoga Capital Advisors LLC increased its position in Exponent by 5.2% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,900,430 shares of the business services provider’s stock worth $136,888,000 after purchasing an additional 93,200 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in Exponent by 336.8% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,329,980 shares of the business services provider’s stock worth $107,166,000 after purchasing an additional 1,025,485 shares in the last quarter. Riverbridge Partners LLC increased its position in Exponent by 2.0% during the 3rd quarter. Riverbridge Partners LLC now owns 935,805 shares of the business services provider’s stock worth $67,406,000 after purchasing an additional 18,630 shares in the last quarter. GW&K Investment Management LLC increased its position in Exponent by 2.6% during the 3rd quarter. GW&K Investment Management LLC now owns 820,605 shares of the business services provider’s stock worth $59,108,000 after purchasing an additional 20,734 shares in the last quarter. Finally, Morgan Stanley increased its position in Exponent by 123.0% during the 3rd quarter. Morgan Stanley now owns 677,922 shares of the business services provider’s stock worth $48,831,000 after purchasing an additional 373,892 shares in the last quarter. Institutional investors and hedge funds own 89.68% of the company’s stock.

Exponent Company Profile

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. Its services include analysis of product development, product recall, regulatory compliance, and the discovery of potential problems related to products, people, property, and impending litigation.

Read More: Why are trading ranges significant?

Insider Selling: Exponent, Inc. (NASDAQ:EXPO) Director Sells 8,000 Shares of Stock

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12 Stocks Corporate Insiders are Abandoning

An insider trade occurs when a corporate executive (such as a CEO, CFO, or COO) has non-public information about a company buys or sells shares of that company’s stock. Company insiders are required by law to regularly report their stock purchases and sales to the SEC.

Tracking a company’s insider trades is a metric that can be used to identify the direction that the company’s executives believe that the company is headed. If a number of insiders sell shares of their company, they may believe that the company will have weak future earnings and that the share price will decline in the near future.

For example, if Microsoft’s CEO, CFO, and COO all recently sold shares of Microsoft stock, that would be an indication that there could be unreported news that may negatively affect Microsoft’s stock price in the near future.

This slideshow lists the 12 companies that have had the highest levels of insider buying within the last 180 days.

View the “12 Stocks Corporate Insiders are Abandoning”.



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