Perdoceo Education Co. (NASDAQ:PRDO – Get Free Report) CEO Todd S. Nelson sold 9,500 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $18.50, for a total value of $175,750.00. Following the transaction, the chief executive officer now directly owns 685,098 shares in the company, valued at approximately $12,674,313. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Perdoceo Education Stock Down 2.5 %
NASDAQ:PRDO opened at $17.36 on Wednesday. Perdoceo Education Co. has a twelve month low of $11.50 and a twelve month high of $19.62. The stock’s 50 day moving average price is $17.71 and its two-hundred day moving average price is $17.07. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 8.07, a price-to-earnings-growth ratio of 0.57 and a beta of 1.01.
Analyst Upgrades and Downgrades
Separately, Barrington Research reaffirmed an “outperform” rating and set a $23.00 price target on shares of Perdoceo Education in a research report on Wednesday, January 3rd.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Planned Solutions Inc. bought a new stake in shares of Perdoceo Education during the 4th quarter valued at $26,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Perdoceo Education during the 4th quarter valued at $26,000. Signaturefd LLC lifted its position in shares of Perdoceo Education by 182.8% during the 2nd quarter. Signaturefd LLC now owns 3,020 shares of the company’s stock valued at $37,000 after acquiring an additional 1,952 shares during the period. NewEdge Advisors LLC bought a new stake in shares of Perdoceo Education during the 1st quarter valued at $41,000. Finally, Captrust Financial Advisors lifted its position in shares of Perdoceo Education by 63.7% during the 1st quarter. Captrust Financial Advisors now owns 4,248 shares of the company’s stock valued at $49,000 after acquiring an additional 1,653 shares during the period. 93.44% of the stock is currently owned by institutional investors.
Perdoceo Education Company Profile
Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. The company operates in two segments, Colorado Technical University and The American InterContinental University System. It offers academic programs in the career-oriented disciplines of business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice, as well as business studies, information technologies, education, and health sciences.
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