This Is Too Hot For Gartner, Inc. (NYSE: IT), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Most recently, Yahoo Finance reported about the stock as it publicized that Gartner Reports Fourth Quarter 2023 Financial Results.

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Stocks Info

As a NYSE listed company, IT falls under the Technology sector while operating within the Information Technology Services industry segment. At the end of the last regular session, the stock closed at $461.70 and fluctuated between $466.03 as its day high and $431.00 as its day low. The current market capitalization of Gartner, Inc. is $35.99B. A total of 1.17 million shares were traded on the day, compared to an average of 453.57K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, IT has seen 3 BUY and 27 SELL insider trades, representing the acquisition of 11,429 and the disposition of 91,370 shares. Over the last 12 months, there were 82 BUYs and 131 SELLs from insiders. Insiders purchased 303,209 shares during that period but sold 416,773.

In the most recent transaction, Kranich Robin B sold 1,444 shares of IT for 455.29 per share on Dec 15. After the transaction, the EVP & CHRO now owns 13,244 company shares. In a previous transaction on Dec 15, Herkes Claire sold 211 shares at 449.46 per share. IT shares that EVP, Conferences owns now total 1,694.

Among the insiders who sold shares, Safian Craig disposed of 4,387 shares on Dec 13 at a per-share price of $467.37. This resulted in the EVP & CFO holding 64,307 shares of IT after the transaction. In another insider transaction, Sribar Valentin sold 675 shares at $459.06 per share on Dec 11. Company shares held by the EVP, Research & Advisory now total 11,003.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for IT in the last 3 months, the mean price target is $466.70 with high estimates of $536.00 and low estimates of $400.00. In terms of 52-week highs and lows, IT has a high of $471.76 and a low of $292.60.

As of this writing, IT has an earnings estimate of $2.83 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $3.15 per share and a lower estimate of $2.62. The company reported an EPS of $2.85 in the last quarter, which was 13.50% higher than expectations of $2.51.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. IT’s latest balance sheet shows that the firm has $756.49M in Cash & Short Term Investments as of fiscal 2021. There were $3.25B in debt and $3.38B in liabilities at the time. Its Book Value Per Share was $7.21, while its Total Shareholder’s Equity was $371.06M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IT is Buy with a score of 4.00.

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