Nelson A. Fonseca, Jr. Sells 55294 Shares of Cyxtera Technologies, Inc. (NASDAQ:CYXT) Stock – Defense World
Posted by admin on Aug 14th, 2022 
Cyxtera Technologies, Inc. (NASDAQ:CYXT – Get Rating) CEO Nelson A. Fonseca, Jr. sold 55,294 shares of the business’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $11.77, for a total transaction of $650,810.38. Following the completion of the transaction, the chief executive officer now owns 194,725 shares of the company’s stock, valued at approximately $2,291,913.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
CYXT stock opened at $10.47 on Friday. The stock’s 50 day moving average price is $12.40 and its 200 day moving average price is $12.35. The firm has a market cap of $1.87 billion, a P/E ratio of -8.58 and a beta of 0.88. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.44 and a current ratio of 0.44. Cyxtera Technologies, Inc. has a 1 year low of $7.51 and a 1 year high of $15.42.
Cyxtera Technologies (NASDAQ:CYXT – Get Rating) last issued its quarterly earnings data on Thursday, August 11th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.08). The company had revenue of $184.10 million during the quarter, compared to analysts’ expectations of $185.00 million. Cyxtera Technologies had a negative net margin of 27.88% and a negative return on equity of 27.02%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.88) earnings per share. On average, sell-side analysts expect that Cyxtera Technologies, Inc. will post -0.8 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. BC Partners Advisors L.P. grew its stake in shares of Cyxtera Technologies by 3.5% during the 1st quarter. BC Partners Advisors L.P. now owns 47,676,705 shares of the company’s stock valued at $582,609,000 after buying an additional 1,627,561 shares during the period. FMR LLC increased its stake in Cyxtera Technologies by 2.0% during the second quarter. FMR LLC now owns 23,816,520 shares of the company’s stock worth $270,080,000 after acquiring an additional 473,991 shares during the last quarter. Starboard Value LP increased its stake in Cyxtera Technologies by 25.7% during the first quarter. Starboard Value LP now owns 20,767,571 shares of the company’s stock worth $253,780,000 after acquiring an additional 4,241,256 shares during the last quarter. Clearline Capital LP raised its holdings in shares of Cyxtera Technologies by 91.7% in the 4th quarter. Clearline Capital LP now owns 458,924 shares of the company’s stock worth $5,245,000 after purchasing an additional 219,567 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of Cyxtera Technologies by 2.0% in the 1st quarter. BlackRock Inc. now owns 403,055 shares of the company’s stock valued at $4,926,000 after purchasing an additional 7,938 shares in the last quarter.
Several brokerages have recently weighed in on CYXT. Royal Bank of Canada raised their price target on Cyxtera Technologies from $14.00 to $16.00 in a report on Monday, June 6th. Truist Financial increased their target price on shares of Cyxtera Technologies from $15.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, June 8th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Cyxtera Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $15.00.
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Cyxtera Technologies, Inc provides various data center products and services for enterprises, service providers, and government agencies. It offers retail colocation, interconnection, deployment, and support services; and Bare Metal, an on-demand IT infrastructure solution. The company is headquartered in Coral Gables, Florida.
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