Peregrine Investment Management Inc. significantly reduced its stake in Copart, Inc. (NASDAQ:CPRT) by 55.1% in Q3, now holding 95,440 shares valued at approximately $4.29 million. Amidst this, major insider selling has occurred, with a director selling 100,000 shares and the CEO selling over 25,000 shares, bringing insider ownership to about 9.60%. Analyst sentiment remains mixed with a “Moderate Buy” consensus and an average price target of $47.60, despite the stock trading around $36.72 and several firms cutting their targets.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Peregrine Investment Management Inc. Has $4.29 Million Position in Copart, Inc. $CPRT
Peregrine Investment Management Inc. significantly reduced its stake in Copart, Inc. (NASDAQ:CPRT) by 55.1% in Q3, now holding 95,440 shares valued at approximately $4.29 million. Amidst this, major insider selling has occurred, with a director selling 100,000 shares and the CEO selling over 25,000 shares, bringing insider ownership to about 9.60%. Analyst sentiment remains mixed with a “Moderate Buy” consensus and an average price target of $47.60, despite the stock trading around $36.72 and several firms cutting their targets.