Insider Buying: Pivotree Inc. (CVE:PVT) Director Buys C$11,730.00 in Stock

Pivotree Inc. (CVE:PVT) Director Brian O’neil purchased 10,200 shares of Pivotree stock in a transaction dated Friday, October 4th. The stock was acquired at an average price of C$1.15 per share, for a total transaction of C$11,730.00.

Brian O’neil also recently made the following trade(s):

• On Wednesday, October 2nd, Brian O’neil bought 7,550 shares of Pivotree stock. The stock was acquired at an average cost of C$1.00 per share, for a total transaction of C$7,550.00.

Pivotree Stock Performance

Shares of PVT stock opened at C$1.15 on Monday. Pivotree Inc. has a 12-month low of C$0.98 and a 12-month high of C$2.20. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.80 and a quick ratio of 1.95. The firm has a market capitalization of C$30.26 million, a price-to-earnings ratio of -3.11 and a beta of 0.23. The business has a 50 day simple moving average of C$1.13 and a 200 day simple moving average of C$1.34.

Pivotree (CVE:PVT) last announced its earnings results on Tuesday, August 13th. The company reported C($0.12) earnings per share (EPS) for the quarter. Pivotree had a negative net margin of 11.79% and a negative return on equity of 17.41%. The company had revenue of C$20.26 million during the quarter, compared to the consensus estimate of C$20.75 million. On average, equities research analysts anticipate that Pivotree Inc. will post 0.0800215 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Cormark reduced their price objective on Pivotree from C$3.50 to C$2.50 in a research report on Wednesday, August 14th. Canaccord Genuity Group reduced their price target on shares of Pivotree from C$1.70 to C$1.25 and set a “hold” rating for the company in a report on Wednesday, August 14th.

About Pivotree

Pivotree Inc designs, integrates, deploys, and manages digital platforms in commerce, data management, and supply chain for retail and branded manufacturers in Canada and internationally. The company offers infrastructure deployment, data transaction, subscription license, system and application triage and support, configuration management, and security services, as well as provides web and application hosting services.