Perficient Reaches Analyst Target Price Thursday, August 5, 9:28 AM ET, by Market News Video Staff In recent trading, shares of Perficient Inc (PRFT) have crossed above the average analyst 12-month ...
Perficient Reaches Analyst Target Price Friday, October 8, 1:56 PM ET, by Market News Video Staff In recent trading, shares of Perficient Inc (PRFT) have crossed above the average analyst 12-month ...
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on March 2, Perficient Inc's Director, Nancy C. Pechloff, invested $40,250.00 into 700 shares of PRFT, for a cost per share of $57.50. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.
In trading on Monday, bargain hunters could buy shares of Perficient Inc (NASDAQ:PRFT) and achieve a cost basis 3.2% cheaper than Pechloff, with shares changing hands as low as $55.66 per share. Perficient Inc shares are currently trading up about 0.4% on the day. The chart below shows the one year performance of PRFT shares, versus its 200 day moving average:
Looking at the chart above, PRFT's low point in its 52 week range is $18.88 per share, with $63.555 as the 52 week high point — that compares with a last trade of $57.48. By comparison, below is a table showing the prices at which PRFT insider buying was recorded over the last six months:
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