Insider Buying: Open Text Co. (TSE:OTEX) Director Acquires 10,000 Shares of Stock

Open Text Co. (TSE:OTEXGet Rating) (NASDAQ:OTEX) Director Stephen Sadler bought 10,000 shares of the firm’s stock in a transaction dated Thursday, September 15th. The stock was purchased at an average price of C$38.70 per share, for a total transaction of C$387,000.00. Following the transaction, the director now owns 235,000 shares of the company’s stock, valued at C$9,094,500.

Stephen Sadler also recently made the following trade(s):

  • On Tuesday, September 13th, Stephen Sadler bought 65,000 shares of Open Text stock. The stock was purchased at an average price of C$39.69 per share, for a total transaction of C$2,579,980.00.

Open Text Stock Performance

TSE OTEX opened at C$37.91 on Friday. The company has a market cap of C$10.09 billion and a PE ratio of 19.74. The stock’s 50 day simple moving average is C$47.19 and its 200-day simple moving average is C$49.90. Open Text Co. has a 1-year low of C$37.91 and a 1-year high of C$66.57. The company has a debt-to-equity ratio of 110.97, a current ratio of 1.56 and a quick ratio of 1.48.

Wall Street Analyst Weigh In

Separately, National Bankshares restated a “buy” rating and issued a C$60.00 target price on shares of Open Text in a research report on Friday, June 17th.

Open Text Company Profile

(Get Rating)

Open Text Corporation engages in the designs, develops, markets, and sells information management software and solutions. It offers content services; business network that manages data within the organization and outside the firewall; security and protection solutions for defending against cyber threats, and preparing for business continuity and response in the event of a breach; digital investigation and forensic security solutions; OpenText security solutions to address information cyber resilience needs; Carbonite and Webroot products; and OpenText Information Management software platform.

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