Open Text Co. (TSE:OTEX) Senior Officer Muhieddine Majzoub Sells 32,200 Shares

Open Text Co. (TSE:OTEXGet Rating) (NASDAQ:OTEX) Senior Officer Muhieddine Majzoub sold 32,200 shares of the company’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of C$38.10, for a total transaction of C$1,226,845.60. Following the completion of the sale, the insider now owns 91,165 shares of the company’s stock, valued at approximately C$3,473,458.98.

Open Text Price Performance

OTEX stock opened at C$38.55 on Tuesday. The stock has a 50-day moving average price of C$47.19 and a two-hundred day moving average price of C$49.83. The stock has a market cap of C$10.26 billion and a PE ratio of 20.08. The company has a current ratio of 1.56, a quick ratio of 1.48 and a debt-to-equity ratio of 110.97. Open Text Co. has a 1 year low of C$37.71 and a 1 year high of C$66.51.

Analyst Upgrades and Downgrades

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

Open Text Company Profile

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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.

Further Reading

Insider Buying and Selling by Quarter for Open Text (TSE:OTEX)

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