Yesterday it was reported that the President & Chief Executive Officer of Cargojet (CGJTF – Research Report), Ajay Kumar Virmani, exercised options to sell 43,837 CGJTF shares for a total transaction value of $7.91M.
Based on Cargojet’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $160 million and quarterly net profit of $89.4 million. In comparison, last year the company earned revenue of $123 million and had a GAAP net loss of $1.8 million. The company has a one-year high of $186.62 and a one-year low of $94.81. Currently, Cargojet has an average volume of 34.
Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $208.95, reflecting a -27.1% downside.
The insider sentiment on Cargojet has been negative according to 15 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Ajay Kumar Virmani’s trades have generated a -37.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Cargojet, Inc. provides air cargo transportation services. The firm provides aircrafts to customers on an adhoc charter basis operating between points in Canada, the USA and other international destinations. It also offers scheduled international routes for multiple cargo customers across North America, to the Caribbean, and to Europe. The company was founded by Ajay K. Virmani on April 7, 2010 and is headquartered in Mississauga, Canada.