GTT Communications, Inc. (GTT)’s Insider Chris Mckee Sold 7,000 Shares of the Company; Cdk Global (CDK) Shorts Up By 2.75%

May 18, 2018 - By Ann Lacey

CDK Global, Inc. (NASDAQ:CDK) Logo

Cdk Global Inc (NASDAQ:CDK) had an increase of 2.75% in short interest. CDK’s SI was 4.87M shares in May as released by FINRA. Its up 2.75% from 4.74M shares previously. With 1.33 million avg volume, 4 days are for Cdk Global Inc (NASDAQ:CDK)’s short sellers to cover CDK’s short positions. The SI to Cdk Global Inc’s float is 3.77%. The stock increased 0.05% or $0.03 during the last trading session, reaching $64.24. About 29,195 shares traded. CDK Global, Inc. (NASDAQ:CDK) has declined 2.80% since May 18, 2017 and is downtrending. It has underperformed by 14.35% the S&P500.

CDK Global, Inc. provides integrated information technology and digital marketing solutions to the automotive retail and other industries worldwide. The company has market cap of $8.45 billion. The firm operates through Retail Solutions North America, Advertising North America, and CDK International divisions. It has a 28.56 P/E ratio. It offers technology solutions, including automotive Website platforms; and advertising solutions comprising the management of digital advertising spend for original equipment manufacturers and automotive retailers.

Among 8 analysts covering CDK Global (NASDAQ:CDK), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. CDK Global had 16 analyst reports since August 14, 2015 according to SRatingsIntel. Morgan Stanley maintained CDK Global, Inc. (NASDAQ:CDK) rating on Wednesday, January 31. Morgan Stanley has “Equal-Weight” rating and $77 target. The stock of CDK Global, Inc. (NASDAQ:CDK) earned “Underweight” rating by JP Morgan on Tuesday, December 15. The rating was upgraded by JP Morgan to “Neutral” on Wednesday, April 6. The firm has “Buy” rating by Oppenheimer given on Wednesday, August 9. The stock of CDK Global, Inc. (NASDAQ:CDK) has “Underweight” rating given on Friday, August 14 by JP Morgan. As per Wednesday, January 17, the company rating was downgraded by Barrington Research. Wells Fargo maintained it with “Buy” rating and $80.0 target in Wednesday, January 31 report. The firm earned “Equal-Weight” rating on Friday, February 3 by Morgan Stanley. As per Friday, April 27, the company rating was maintained by Morgan Stanley. Evercore upgraded the shares of CDK in report on Monday, July 10 to “Outperform” rating.

More important recent CDK Global, Inc. (NASDAQ:CDK) news were published by: Globenewswire.com which released: “Report: Developing Opportunities within Regulus Therapeutics, Airgain, Michael Kors, Heritage Insurance, CDK Global …” on May 17, 2018, also Nasdaq.com published article titled: “CDK Global Reports Third Quarter Fiscal 2018 Results”, Streetinsider.com published: “Elliott’s 13F Shows New Stake in Commault (CVLT), Dish (DISH), Micro Focus (MFGP) (more…)” on May 15, 2018. More interesting news about CDK Global, Inc. (NASDAQ:CDK) was released by: Streetinsider.com and their article: “Sachem Head Capital Enters ADP (ADP), PagSeguro Digita (PAGS), WorldPay (WP) (more…) – 13F” with publication date: May 15, 2018.

Analysts await GTT Communications, Inc. (NYSE:GTT) to report earnings on August, 2. They expect $-0.17 earnings per share, down 950.00% or $0.19 from last year’s $0.02 per share. After $-0.12 actual earnings per share reported by GTT Communications, Inc. for the previous quarter, Wall Street now forecasts 41.67% negative EPS growth.

GTT Communications, Inc. provides cloud networking services to multinational enterprises, carriers, and government clients worldwide. The company has market cap of $2.29 billion. It offers private, public, and hybrid cloud network solutions; high bandwidth-Internet connectivity and IP transit, as well as broadband and wireless access services; managed equipment, security, and remote access services; and voice and unified communications services consisting of SIP trunking and enterprise PBX services. It currently has negative earnings. The companyÂ’s IP network consists of approximately 250 points of presence.

A legal document filed with the Security Exchange Commission on 17-05-2018 informed us that Chris Mckee, the General Counsel and EVP of Gtt Communications Inc, ‘s company unloaded 7,000 shares. With average market price per share of $50.2 the transaction’s worth is $351,062 U.S. Dollars. It seems he is very active lately as in the last 30 days, he quietly unloaded additional 7,000 shares of the company, worth $348,664 USD. Chris Mckee now possess 485,006 shares or 1.08% of Gtt Communications Inc’s market cap.

Among 12 analysts covering GTT Communications (NYSE:GTT), 11 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. GTT Communications has $6200 highest and $27 lowest target. $49’s average target is -3.83% below currents $50.95 stock price. GTT Communications had 27 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, August 3 by Oppenheimer. Suntrust Robinson initiated GTT Communications, Inc. (NYSE:GTT) on Thursday, February 18 with “Buy” rating. The rating was initiated by Suntrust Robinson with “Buy” on Tuesday, December 13. Craig Hallum maintained the shares of GTT in report on Monday, January 22 with “Buy” rating. KeyBanc Capital Markets downgraded GTT Communications, Inc. (NYSE:GTT) on Thursday, January 18 to “Sector Weight” rating. The firm has “Buy” rating by Jefferies given on Wednesday, October 25. The stock of GTT Communications, Inc. (NYSE:GTT) has “Buy” rating given on Monday, June 26 by Jefferies. The firm has “Buy” rating given on Friday, November 3 by SunTrust. The company was maintained on Friday, August 7 by Pacific Crest. On Wednesday, November 4 the stock rating was upgraded by Drexel Hamilton to “Buy”.

The stock decreased 0.10% or $0.05 during the last trading session, reaching $50.95. About 31,263 shares traded. GTT Communications, Inc. (NYSE:GTT) has risen 131.28% since May 18, 2017 and is uptrending. It has outperformed by 119.73% the S&P500.

GTT Communications, Inc. (NYSE:GTT) Ratings Chart

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