CynergisTek Inc (NYSEAMERICAN:CTEK) CFO Buys $33,480.00 in Stock

CynergisTek Inc (NYSEAMERICAN:CTEK) CFO Paul Thomas Anthony acquired 10,800 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was purchased at an average cost of $3.10 per share, with a total value of $33,480.00. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

CTEK traded up $0.04 during trading hours on Tuesday, hitting $3.17. The stock had a trading volume of 9,141 shares, compared to its average volume of 26,901. CynergisTek Inc has a 1 year low of $2.78 and a 1 year high of $5.00.

CynergisTek (NYSEAMERICAN:CTEK) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.02. The firm had revenue of $5.06 million during the quarter, compared to analysts’ expectations of $5.80 million.

Institutional investors and hedge funds have recently made changes to their positions in the stock. ARS Investment Partners LLC boosted its stake in CynergisTek by 29.7% in the 2nd quarter. ARS Investment Partners LLC now owns 681,157 shares of the company’s stock worth $3,297,000 after purchasing an additional 156,034 shares during the period. King Luther Capital Management Corp boosted its stake in CynergisTek by 11.3% in the 1st quarter. King Luther Capital Management Corp now owns 197,500 shares of the company’s stock worth $982,000 after purchasing an additional 20,000 shares during the period. Essex Investment Management Co. LLC boosted its stake in CynergisTek by 251.4% in the 2nd quarter. Essex Investment Management Co. LLC now owns 146,500 shares of the company’s stock worth $709,000 after purchasing an additional 104,815 shares during the period. Renaissance Technologies LLC boosted its stake in CynergisTek by 69.9% in the 2nd quarter. Renaissance Technologies LLC now owns 107,983 shares of the company’s stock worth $523,000 after purchasing an additional 44,441 shares during the period. Finally, Globeflex Capital L P boosted its stake in CynergisTek by 18.5% in the 1st quarter. Globeflex Capital L P now owns 83,282 shares of the company’s stock worth $414,000 after purchasing an additional 12,982 shares during the period.

CTEK has been the subject of several recent research reports. Zacks Investment Research raised CynergisTek from a “sell” rating to a “hold” rating in a report on Tuesday, June 4th. B. Riley set a $7.00 price objective on CynergisTek and gave the stock a “buy” rating in a report on Friday.

About CynergisTek

Cynergistek, Inc provides outsourced document solutions, IT consulting data security, and managed print services primarily to the healthcare industry in the United States. The company offers Incident Response, Vendor Security Management, and Patient Privacy Monitoring Service, as well as Compliance Assist Partner Program.

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