Open Text Co. (TSE:OTEX – Get Rating) (NASDAQ:OTEX) Director Stephen Sadler acquired 10,000 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was purchased at an average cost of C$38.70 per share, for a total transaction of C$387,000.00. Following the completion of the acquisition, the director now directly owns 235,000 shares of the company’s stock, valued at approximately C$9,094,500.
Stephen Sadler also recently made the following trade(s):
- On Tuesday, September 13th, Stephen Sadler acquired 65,000 shares of Open Text stock. The stock was purchased at an average cost of C$39.69 per share, for a total transaction of C$2,579,980.00.
Open Text Stock Down 1.9 %
Shares of OTEX stock opened at C$37.91 on Friday. The firm has a market capitalization of C$10.09 billion and a PE ratio of 19.74. Open Text Co. has a fifty-two week low of C$37.91 and a fifty-two week high of C$66.57. The stock’s 50-day simple moving average is C$47.19 and its 200-day simple moving average is C$49.90. The company has a debt-to-equity ratio of 110.97, a quick ratio of 1.48 and a current ratio of 1.56.
Wall Street Analysts Forecast Growth
About Open Text
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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