Daniel Webb Sells 50,000 Shares of Aeries Technology (NASDAQ:AERT) Stock

Aeries Technology, Inc. (NASDAQ:AERT) CFO Daniel Webb sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $0.65, for a total value of $32,500.00. Following the sale, the chief financial officer owned 1,012,966 shares of the company’s stock, valued at approximately $658,427.90. This trade represents a 4.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Aeries Technology Stock Down 3.4%

Shares of AERT opened at $0.65 on Friday. The firm has a market cap of $30.46 million, a price-to-earnings ratio of -8.08 and a beta of -0.36. The business’s 50 day moving average is $0.76 and its two-hundred day moving average is $0.79. Aeries Technology, Inc. has a 52-week low of $0.46 and a 52-week high of $2.67.

Aeries Technology (NASDAQ:AERT) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $15.33 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Aeries Technology in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About Aeries Technology

Aeries Technology, Inc operates as a professional services and consulting partner in the North America, Asia Pacific, and internationally. The company offers management consultancy services for private equity sponsors and their portfolio companies, including software solutions, product management, IT infrastructure, information and cyber security, ERP and CRM platform management, business process management, and digital transformation services.