Virtusa Corp (VRTU) Files Form 4 Insider Selling : Kris A Canekeratne Sells 18,000 Shares

Virtusa Corp (VRTU): Kris A Canekeratne , Chairman & CEO of Virtusa Corp sold 18,000 shares on May 31, 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 $35.02 per share for a total value of $630,342.00 , 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 20, 2016, Roger Keith Modder (EVP & COO) sold 6,500 shares at $32.43 per share price.On Apr 20, 2016, Kris A Canekeratne (Chairman & CEO) sold 6,000 shares at $37.12 per share price.Also, On Dec 1, 2015, Robert E Davoli (director) sold 1,756 shares at $49.32 per share price.On Nov 12, 2015, Thomas R Holler (EVP and CSO) sold 15,435 shares at $51.75 per share price.

Virtusa Corporation: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Virtusa Corporation which led to swings in the share price. The shares opened for trading at $35.14 and hit $35.57 on the upside , eventually ending the session at $35.5, with a gain of 0.77% or 0.27 points. The heightened volatility saw the trading volume jump to 3,62,617 shares. The 52-week high of the share price is $59.4 and the company has a market cap of $1,062 M . The 52-week low of the share price is at $30.55.

Virtusa Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Virtusa Corporation is Reiterated by Barrington Research to Outperform while Lowering the Price Target of the company shares to $ 46 from a previous price target of $50 . The Rating was issued on May 17, 2016.Virtusa Corporation is Reiterated by Maxim Group to Buy while Lowering the Price Target of the company shares to $ 46 from a previous price target of $55 . The Rating was issued on May 16, 2016.Virtusa Corporation is Reiterated by Maxim Group to Buy while Lowering the Price Target of the company shares to $ 55 from a previous price target of $58 . The Rating was issued on Apr 22, 2016.

Virtusa Corporation (Virtusa) is an information technology services company. The Company’s services include information technology (IT) and business consulting user experience (UX) design development of IT applications maintenance and support services systems integration infrastructure and managed services. The Company’s services enable its clients to accelerate business outcomes by consolidating rationalizing and modernizing the clients’ core customer-facing processes into one or more core systems. The Company delivers solutions through a global delivery model applying advanced methods such as Agile an industry standard technique designed to accelerate application development. The Company’s offerings include Business and Information Technology consulting services Technology implementation services Application outsourcing services Global delivery model Platforming approach Core solutions Transformational solutions and Millennial solutions.

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