Scott Arnold Sells 52,017 Shares of Shutterfly, Inc. (SFLY) Stock

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Shutterfly, Inc. (NASDAQ:SFLY) SVP Scott Arnold sold 52,017 shares of the company’s stock in a transaction dated Tuesday, July 3rd. The shares were sold at an average price of $89.65, for a total transaction of $4,663,324.05. Following the sale, the senior vice president now directly owns 12,543 shares in the company, valued at $1,124,479.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Shutterfly traded down $0.04, hitting $86.67, during trading on Thursday, Marketbeat.com reports. The company had a trading volume of 410,626 shares, compared to its average volume of 904,279. The company has a current ratio of 1.58, a quick ratio of 1.56 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 82.58 and a beta of 0.98. Shutterfly, Inc. has a 52 week low of $39.76 and a 52 week high of $100.34.

Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings data on Tuesday, May 1st. The technology company reported ($0.73) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.95) by $0.22. The company had revenue of $199.70 million for the quarter, compared to analysts’ expectations of $192.02 million. Shutterfly had a net margin of 3.01% and a return on equity of 7.80%. Shutterfly’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.84) earnings per share. sell-side analysts forecast that Shutterfly, Inc. will post 3.03 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of SFLY. Summit Trail Advisors LLC grew its position in Shutterfly by 7,742.2% during the first quarter. Summit Trail Advisors LLC now owns 1,749,526 shares of the technology company’s stock valued at $1,750,000 after acquiring an additional 1,727,217 shares during the last quarter. Bamco Inc. NY grew its position in Shutterfly by 33.3% during the first quarter. Bamco Inc. NY now owns 1,000,000 shares of the technology company’s stock valued at $81,250,000 after acquiring an additional 250,000 shares during the last quarter. Wells Fargo & Company MN grew its position in Shutterfly by 430.8% during the fourth quarter. Wells Fargo & Company MN now owns 395,028 shares of the technology company’s stock valued at $19,653,000 after acquiring an additional 320,604 shares during the last quarter. Renaissance Technologies LLC grew its position in Shutterfly by 81.6% during the fourth quarter. Renaissance Technologies LLC now owns 333,400 shares of the technology company’s stock valued at $16,587,000 after acquiring an additional 149,800 shares during the last quarter. Finally, Scopus Asset Management L.P. bought a new position in Shutterfly during the first quarter valued at approximately $21,938,000.

Several equities research analysts have recently weighed in on the company. BidaskClub cut Shutterfly from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Zacks Investment Research cut Shutterfly from a “hold” rating to a “sell” rating in a research report on Tuesday. Robert W. Baird upped their price target on Shutterfly from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, July 6th. ValuEngine cut Shutterfly from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 2nd. Finally, SunTrust Banks reiterated a “buy” rating and set a $111.00 price target on shares of Shutterfly in a research report on Tuesday, June 5th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Shutterfly has a consensus rating of “Hold” and an average target price of $88.00.

About Shutterfly

Shutterfly, Inc manufactures and retails personalized products and services primarily in the United States, Canada, and the European Community. The company operates through Consumer and Shutterfly Business Solutions segments. It offers a range of personalized photo-based products and services that enable consumers to upload, edit, enhance, organize, find, share, create, print, and preserve their memories.

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Insider Buying and Selling by Quarter for Shutterfly (NASDAQ:SFLY)

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