Insider Selling: Spirent Communications plc (LON:SPT) Insider Sells £247,502 in Stock

Spirent Communications plc (LON:SPT) insider Paula Bell sold 131,650 shares of the company’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of GBX 188 ($2.43), for a total transaction of £247,502 ($319,563.59).

Paula Bell also recently made the following trade(s):

• On Monday, February 24th, Paula Bell purchased 67 shares of Spirent Communications stock. The shares were purchased at an average price of GBX 187 ($2.41) per share, for a total transaction of £125.29 ($161.77).
• On Friday, January 24th, Paula Bell bought 69 shares of Spirent Communications stock. The stock was bought at an average price of GBX 182 ($2.35) per share, for a total transaction of £125.58 ($162.14).
• On Tuesday, December 24th, Paula Bell purchased 70 shares of Spirent Communications stock. The stock was acquired at an average price of GBX 177 ($2.29) per share, for a total transaction of £123.90 ($159.97).

Spirent Communications Price Performance

SPT stock opened at GBX 188 ($2.43) on Friday. Spirent Communications plc has a 12 month low of GBX 166.20 ($2.15) and a 12 month high of GBX 203.80 ($2.63). The company has a 50-day moving average price of GBX 184.55 and a 200 day moving average price of GBX 177.48. The stock has a market cap of £1.35 billion, a PE ratio of 101.63, a P/E/G ratio of 5.73 and a beta of 0.57. The company has a current ratio of 1.82, a quick ratio of 1.95 and a debt-to-equity ratio of 5.25.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 199 ($2.57) price target on shares of Spirent Communications in a research report on Monday, December 2nd. Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 199 ($2.57) price objective on shares of Spirent Communications in a research report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 225 ($2.91) price target on shares of Spirent Communications in a report on Friday, November 22nd.

About Spirent Communications

Spirent Communications plc provides automated test and assurance solutions in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Lifecycle Service Assurance, and Networks & Security segments. The Lifecycle Service Assurance segment offers lab-based testing solutions for 5G mobile core networks, and cellular and Wi-Fi devices, as well as live solutions.