Karim Adatia Sells 248 Shares of Insight Enterprises (NASDAQ:NSIT) Stock

Insight Enterprises, Inc. (NASDAQ:NSIT) General Counsel Karim Adatia sold 248 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $157.40, for a total value of $39,035.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Insight Enterprises Price Performance

Shares of Insight Enterprises stock traded down $2.95 during trading hours on Tuesday, hitting $154.07. The company’s stock had a trading volume of 227,154 shares, compared to its average volume of 454,809. The business has a 50 day moving average price of $131.11 and a two-hundred day moving average price of $101.62. Insight Enterprises, Inc. has a 12-month low of $63.62 and a 12-month high of $159.41. The company has a market cap of $4.52 billion, a PE ratio of 22.56, a PEG ratio of 1.13 and a beta of 1.07. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.15 and a current ratio of 1.18.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.93. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Insight Enterprises had a return on equity of 22.70% and a net margin of 2.45%.The firm’s revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the business posted $2.45 earnings per share. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. Analysts expect that Insight Enterprises, Inc. will post 11.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NSIT has been the subject of a number of research reports. Wall Street Zen upgraded shares of Insight Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings raised Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Needham & Company LLC upgraded Insight Enterprises to an “overweight” rating in a research report on Wednesday, May 27th. Canaccord Genuity Group set a $75.00 price target on Insight Enterprises in a research note on Friday, May 8th. Finally, Zacks Research raised Insight Enterprises from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $147.50.

Institutional Trading of Insight Enterprises

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of Insight Enterprises during the 2nd quarter valued at about $587,162,000. California State Teachers Retirement System increased its stake in Insight Enterprises by 11,754.5% during the second quarter. California State Teachers Retirement System now owns 4,116,353 shares of the software maker’s stock worth $501,372,000 after acquiring an additional 4,081,629 shares during the last quarter. Morgan Stanley increased its stake in Insight Enterprises by 15.6% during the fourth quarter. Morgan Stanley now owns 2,681,920 shares of the software maker’s stock worth $218,496,000 after acquiring an additional 362,258 shares during the last quarter. State Street Corp raised its position in Insight Enterprises by 3.2% during the fourth quarter. State Street Corp now owns 1,183,203 shares of the software maker’s stock valued at $96,396,000 after purchasing an additional 36,566 shares during the period. Finally, Paradigm Capital Management Inc. NY bought a new stake in shares of Insight Enterprises in the 2nd quarter valued at approximately $116,563,000.

About Insight Enterprises

Insight Enterprises, Inc is a global technology provider headquartered in Tempe, Arizona. Founded in 1988, the company specializes in helping organizations harness the power of digital transformation by offering a comprehensive portfolio of IT hardware, software, cloud and licensing management solutions. Insight’s expertise spans across the full technology lifecycle, from initial strategy and consulting to implementation, integration and ongoing managed services.

At the core of Insight’s business are its consulting and professional services, which guide clients through complex technology environments and ensure optimal deployment of solutions.