What Did This CEO Just Do with Personal Shares of Echo Global Logistics (NASDAQ: ECHO)?

Today, the CEO of Echo Global Logistics (ECHOResearch Report), Douglas Waggoner, sold shares of ECHO for $489.5K.

Following Douglas Waggoner’s last ECHO Sell transaction on November 08, 2017, the stock climbed by 8.9%.

See today’s analyst top recommended stocks >>

Based on Echo Global Logistics’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $801 million and quarterly net profit of $10.2 million. In comparison, last year the company earned revenue of $551 million and had a GAAP net loss of $2.93 million. The company has a one-year high of $37.65 and a one-year low of $19.69. Currently, Echo Global Logistics has an average volume of 95.27K.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $38.00, reflecting a -13.4% downside.

The insider sentiment on Echo Global Logistics has been negative according to 19 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Douglas Waggoner’s trades have generated a 7.9% 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Echo Global Logistics, Inc. engages in the provision of technology enabled transportation and supply chain management services, delivered on a proprietary technology platform serving the transportation and logistics needs of its clients. It also focuses on transportation with arrangements truckload and less than truck load carriers, and also offers small parcel, inter-modal, domestic air, expedited and international transportation services. The company was founded by Bradley A. Keywell and Eric P. Lefkofsky in January 2005 and is headquartered in Chicago, IL.