Pivotal Software (NASDAQ:PVTL) CFO Cynthia Gaylor sold 6,297 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $11.34, for a total value of $71,407.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Pivotal Software stock opened at $11.49 on Monday. Pivotal Software has a twelve month low of $10.10 and a twelve month high of $29.15.
Pivotal Software (NASDAQ:PVTL) last posted its quarterly earnings data on Tuesday, June 4th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The company had revenue of $185.72 million for the quarter, compared to analysts’ expectations of $184.12 million. During the same period in the prior year, the company posted ($0.10) EPS. The firm’s revenue was up 19.3% compared to the same quarter last year.
A number of analysts have issued reports on PVTL shares. Goldman Sachs Group lowered Pivotal Software from a “buy” rating to a “neutral” rating and cut their target price for the company from $25.00 to $24.00 in a research report on Wednesday, March 6th. Morgan Stanley boosted their target price on Pivotal Software from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, March 18th. Wedbush boosted their target price on Pivotal Software from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Credit Suisse Group reissued an “outperform” rating and issued a $20.00 target price (down previously from $25.00) on shares of Pivotal Software in a research report on Wednesday, June 5th. Finally, Zacks Investment Research raised Pivotal Software from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Saturday, March 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $20.70.
About Pivotal Software
Pivotal Software, Inc, together with its subsidiaries, provides an integrated solution that combines a cloud-native application platform and services in the United States. Its cloud-native platform, Pivotal Cloud Foundry (PCF), accelerates and streamlines software development by reducing the complexity of building, deploying, and operating modern applications.
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