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Perficient Reaches Analyst Target Price
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Grab This Bargain Even Cheaper Than Director Pechloff Did

By Market News Video Staff, Monday, March 8, 10:08 AM ET
Play Video: One Reason For Insiders to Buy


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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:

Perficient Inc Chart

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:

Purchased Insider Title Shares Price/Share Value
11/03/2020 Nancy C. Pechloff Director 984 $40.84 $40,186.56
11/05/2020 Gary Wimberly Director 920 $43.04 $39,596.80
03/02/2021 Nancy C. Pechloff Director 700 $57.50 $40,250.00
03/01/2021 Brian L. Matthews Director 435 $57.72 $25,108.20

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