Stephen Sadler Acquires 10,000 Shares of Open Text Co. (TSE:OTEX) Stock

Open Text Co. (TSE:OTEXGet 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

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

About Open Text

(Get Rating)

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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