Nuance Communications Inc. (NASDAQ:NUAN) Insider Robert Weideman Sells 12,000 Shares

Nuance Communications Inc. (NASDAQ:NUAN) insider Robert Weideman sold 12,000 shares of Nuance Communications stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $17.00, for a total value of $204,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Robert Weideman also recently made the following trade(s):

  • On Thursday, August 1st, Robert Weideman sold 6,000 shares of Nuance Communications stock. The stock was sold at an average price of $16.53, for a total value of $99,180.00.
  • On Monday, July 1st, Robert Weideman sold 6,000 shares of Nuance Communications stock. The stock was sold at an average price of $16.04, for a total value of $96,240.00.
  • On Monday, June 3rd, Robert Weideman sold 12,000 shares of Nuance Communications stock. The stock was sold at an average price of $17.05, for a total value of $204,600.00.

NUAN stock traded down $0.04 during trading on Thursday, hitting $17.39. The company had a trading volume of 22,002 shares, compared to its average volume of 1,913,329. The firm has a market cap of $4.88 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 4.18 and a beta of 0.91. Nuance Communications Inc. has a 1-year low of $12.66 and a 1-year high of $18.16. The firm has a 50-day moving average price of $16.41 and a 200-day moving average price of $16.74. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.94.

NUAN has been the topic of a number of research analyst reports. BidaskClub cut Nuance Communications from a “sell” rating to a “strong sell” rating in a research report on Monday, June 24th. Zacks Investment Research cut Nuance Communications from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Wedbush reiterated a “buy” rating and set a $22.00 target price on shares of Nuance Communications in a research report on Wednesday, July 24th. Finally, ValuEngine cut Nuance Communications from a “buy” rating to a “hold” rating in a research report on Friday, June 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $19.00.

Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC acquired a new position in Nuance Communications in the 2nd quarter valued at about $26,000. Bremer Bank National Association acquired a new position in Nuance Communications in the 1st quarter valued at about $30,000. Northwestern Mutual Wealth Management Co. increased its position in Nuance Communications by 25.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,127 shares of the software maker’s stock valued at $53,000 after acquiring an additional 628 shares during the period. Pinebridge Investments L.P. increased its position in Nuance Communications by 24.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 4,645 shares of the software maker’s stock valued at $74,000 after acquiring an additional 900 shares during the period. Finally, US Bancorp DE increased its position in Nuance Communications by 56.9% in the 2nd quarter. US Bancorp DE now owns 5,830 shares of the software maker’s stock valued at $93,000 after acquiring an additional 2,114 shares during the period. Hedge funds and other institutional investors own 88.13% of the company’s stock.

Nuance Communications Company Profile

Nuance Communications, Inc provides voice recognition and natural language understanding solutions worldwide. It operates through five segments: Healthcare, Automotive, Enterprise, Imaging, and Other. The Healthcare segment offers clinical speech and clinical language understanding solutions, such as Dragon Medical, a dictation software that allow physicians to capture and document patient care in real-time; transcription solutions, which enable physicians to streamline clinical documentation with a transcription platforms; clinical document improvement and coding solutions; diagnostic solutions that allow radiologists to document, collaborate, and share medical images and reports; and professional and personal productivity solutions to business users and consumers.

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Insider Buying and Selling by Quarter for Nuance Communications (NASDAQ:NUAN)

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