Insider Selling: Simulations Plus, Inc. (NASDAQ:SLP) Director Sells 18,945 Shares of Stock

Simulations Plus, Inc. (NASDAQ:SLPGet Free Report) Director Walter S. Woltosz sold 18,945 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $38.02, for a total value of $720,288.90. Following the sale, the director now owns 3,641,250 shares of the company’s stock, valued at approximately $138,440,325. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Simulations Plus Trading Down 1.0 %

Shares of NASDAQ:SLP traded down $0.38 during mid-day trading on Monday, hitting $37.48. 96,743 shares of the company traded hands, compared to its average volume of 103,864. The stock has a market cap of $748.48 million, a P/E ratio of 70.89 and a beta of 0.72. Simulations Plus, Inc. has a 12-month low of $32.69 and a 12-month high of $52.69. The stock has a 50-day moving average price of $40.57 and a two-hundred day moving average price of $41.77.

Simulations Plus (NASDAQ:SLPGet Free Report) last announced its earnings results on Wednesday, January 3rd. The technology company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $14.50 million for the quarter, compared to analysts’ expectations of $13.94 million. Simulations Plus had a return on equity of 8.18% and a net margin of 17.12%. Simulations Plus’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.06 earnings per share. As a group, analysts expect that Simulations Plus, Inc. will post 0.67 earnings per share for the current year.

Simulations Plus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 5th. Shareholders of record on Monday, January 29th will be given a $0.06 dividend. The ex-dividend date is Friday, January 26th. This represents a $0.24 annualized dividend and a yield of 0.64%. Simulations Plus’s dividend payout ratio is currently 45.28%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC boosted its position in Simulations Plus by 2,626.1% in the second quarter. Barclays PLC now owns 627 shares of the technology company’s stock worth $27,000 after purchasing an additional 604 shares during the last quarter. Point72 Middle East FZE purchased a new position in shares of Simulations Plus during the 4th quarter valued at $35,000. Fifth Third Bancorp lifted its position in shares of Simulations Plus by 64.7% during the 2nd quarter. Fifth Third Bancorp now owns 985 shares of the technology company’s stock valued at $43,000 after buying an additional 387 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of Simulations Plus during the 3rd quarter valued at $57,000. Finally, Lazard Asset Management LLC purchased a new position in shares of Simulations Plus during the 4th quarter valued at $61,000. Hedge funds and other institutional investors own 74.41% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Craig Hallum boosted their price objective on Simulations Plus from $50.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, January 4th.

Get Our Latest Stock Analysis on SLP

About Simulations Plus

(Get Free Report)

Simulations Plus, Inc develops drug discovery and development software for modeling and simulation, and prediction of molecular properties utilizing artificial intelligence and machine learning based technology worldwide. The company operates through two segments, Software and Services. It offers GastroPlus, which simulates the absorption and drug interaction of compounds administered to humans and animals; and DDDPlus and MembranePlus simulation products.

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Insider Buying and Selling by Quarter for Simulations Plus (NASDAQ:SLP)

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