Fleetcor Technologies Inc (FLT) Files Form 4 Insider Selling : Charles Richard Freund Sells 3,038 Shares

Fleetcor Technologies Inc (FLT): Charles Richard Freund , EVP Global Sales of Fleetcor Technologies Inc sold 3,038 shares on May 31, 2016. The Insider selling transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were sold at $150.42 per share for a total value of $456,975.97 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 31, 2016, Eric Dey (CFO & Secretary) sold 2,310 shares at $149.83 per share price.On May 17, 2016, Andrew Blazye (CEO, Europe) sold 1,270 shares at $149.95 per share price.Also, On May 17, 2016, Gregory L Secord (President- NA Trucking) sold 3,030 shares at $146.80 per share price.On May 17, 2016, Alexey Gavrilenya (President East/Central Europe) sold 65,700 shares at $151.91 per share price.

FleetCor Technologies: On Friday, May 27, 2016 heightened volatility was witnessed in FleetCor Technologies which led to swings in the share price. The shares opened for trading at $149.17 and hit $150.92 on the upside , eventually ending the session at $150.17, with a gain of 0.58% or 0.86 points. The heightened volatility saw the trading volume jump to 4,20,047 shares. The 52-week high of the share price is $164.61 and the company has a market cap of $13,898 M . The 52-week low of the share price is at $107.56.

FleetCor Technologies Money Flow Index Chart

Company has been under the radar of several Street Analysts.FleetCor Technologies is Reiterated by Compass Point to Neutral and the brokerage firm has raised the Price Target to $ 146 from a previous price target of $145 .The Rating was issued on May 5, 2016.FleetCor Technologies is Reiterated by Barclays to Overweight and the brokerage firm has raised the Price Target to $ 160 from a previous price target of $150 .The Rating was issued on May 5, 2016.FleetCor Technologies is Initiated by Compass Point to Neutral and the brokerage firm has set the Price Target at $145. The Rating was issued on Apr 15, 2016.

FleetCor Technologies Inc. is an independent global provider of fuel cards commercial payment and data solutions stored value solutions and workforce payment products and services to businesses retailers commercial fleets oil companies petroleum marketers and Government entities in countries. The Company operates in two segments: North America and International. In North America the Company sells a fuel card product commercial payment and data solutions as well as a fleet telematics offering which allows customers to track the location of mobile workers in field-based businesses as well as over-the-road trucking fleets. In its International segment the Company provides small and mid-sized fleets with fuel cards to control and manage spending. Additionally the Company provides a similar fuel product in its International segment to over-the-road trucking fleets shipping fleets and other operators of heavily industrialized equipment.

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FleetCor Technologies - Is it time to Sell?

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