Insight Enterprises Inc (NASDAQ: NSIT) is -13.09% lower on its value in year-to-date trading and has touched a low of $146.56 and a high of $228.07 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NSIT stock was last observed hovering at around $154.35 in the last trading session, with the day’s loss setting it -0.35%.
Currently trading at $154.00, the stock is -2.88% and -10.99% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.13 million and changing -0.23% at the moment leaves the stock -20.31% off its SMA200. NSIT registered -13.18% loss for a year compared to 6-month loss of -22.18%. The firm has a 50-day simple moving average (SMA 50) of $174.3266 and a 200-day simple moving average (SMA200) of $193.4205.
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The stock witnessed a 1.91% gain in the last 1 month and extending the period to 3 months gives it a -26.06%, and is -1.12% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.48% over the week and 3.14% over the month.
Insight Enterprises Inc (NSIT) has around 14437 employees, a market worth around $4.89B and $8.87B in sales. Current P/E ratio is 19.38 and Fwd P/E is 14.61. Profit margin for the company is 3.42%. Distance from 52-week low is 5.08% and -32.48% from its 52-week high. The company has generated returns on investments over the last 12 months (12.03%).
The EPS is expected to shrink by -1.63% this year.
Insight Enterprises Inc (NSIT) Top Institutional Holders
500.0 institutions hold shares in Insight Enterprises Inc (NSIT), with institutional investors hold 117.35% of the company’s shares. The shares outstanding are 31.76M, and float is at 31.36M with Short Float at 4.81%. Institutions hold 115.90% of the Float.
The top institutional shareholder in the company is FMR LLC with over 4.63 million shares valued at $918.65 million. The investor’s holdings represent 14.2215% of the NSIT Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 4.53 million shares valued at $898.99 million to account for 13.9171 of the shares outstanding. The other top investors are VALUEACT HOLDINGS, L.P. which holds 4.06 million shares representing 12.4727% and valued at over $805.69 million, while VANGUARD GROUP INC holds 11.8288 of the shares totaling 3.85 million with a market value of $764.09 million.
Insight Enterprises Inc (NSIT) Insider Activity
The most recent transaction is an insider sale by Vasin Jennifer M, the company’s Chief Human Resources Officer. SEC filings show that Vasin Jennifer M sold 739 shares of the company’s common stock on Aug 19 ’24 at a price of $206.03 per share for a total of $0.15 million. Following the sale, the insider now owns 5460.0 shares.
Still, SEC filings show that on May 30 ’24, PUSHOR KATHLEEN S (Director) disposed off 1,329 shares at an average price of $195.88 for $0.26 million. The insider now directly holds 5,800 shares of Insight Enterprises Inc (NSIT).
