Cdk Global, Inc. (CDK) Files Form 4 Insider Selling : Robert N. Karp Sells 27,573 Shares

Cdk Global, Inc. (CDK): Robert N. Karp , VP & President, ARNA of Cdk Global, Inc. sold 27,573 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $55.12 per share for a total value of $1,519,823.75 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 17, 2015, Robert N. Karp (VP & President, ARNA) sold 55,146 shares at $46.30 per share price.

CDK Global Inc: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in CDK Global Inc which led to swings in the share price. The shares opened for trading at $55 and hit $55.84 on the upside , eventually ending the session at $55.39, with a gain of 0.16% or 0.09 points. The heightened volatility saw the trading volume jump to 6,51,153 shares. The 52-week high of the share price is $57.89 and the company has a market cap of $8,604 M . The 52-week low of the share price is at $39.67.

CDK Global Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.CDK Global Inc is Upgraded by JP Morgan to Neutral and the brokerage firm has raised the Price Target to $ 49 from a previous price target of $43 .Earlier the firm had a rating of Underweight on the company shares. The Rating was issued on Apr 6, 2016.

CDK Global Inc. is a global provider both integrated technology and digital marketing/advertising solutions to the automotive retail industry. The Company’s solutions automate and integrate critical workflow processes from pre-sale targeted advertising and marketing campaigns to the sale financing insurance parts supply repair and maintenance of vehicles with an increasing focus on utilizing big data analytics and predictive intelligence. The Company’s solutions address the entire automotive retailers’ value chain. The Company operates in three segments: Automotive Retail Solutions North America (North American Automotive Retail) Automotive Retail Solutions International (International Automotive Retail) and Digital Marketing Solutions (Digital Marketing).

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