Insider Selling: Shutterfly, Inc. (SFLY) CMO Sells 3,116 Shares of Stock

Shutterfly, Inc. (NASDAQ:SFLY) CMO John Boris sold 3,116 shares of the company’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $84.79, for a total transaction of $264,205.64. Following the sale, the chief marketing officer now owns 11,250 shares of the company’s stock, valued at $953,887.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

John Boris also recently made the following trade(s):

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  • On Monday, April 2nd, John Boris sold 23,907 shares of Shutterfly stock. The stock was sold at an average price of $79.39, for a total transaction of $1,897,976.73.
  • On Monday, March 19th, John Boris sold 3,134 shares of Shutterfly stock. The stock was sold at an average price of $84.79, for a total transaction of $265,731.86.
  • On Friday, February 16th, John Boris sold 4,606 shares of Shutterfly stock. The shares were sold at an average price of $73.82, for a total transaction of $340,014.92.
  • On Saturday, May 19th, John Boris sold 6,104 shares of Shutterfly stock. The shares were sold at an average price of $37.75, for a total transaction of $230,426.00.
  • On Tuesday, February 20th, John Boris sold 16,456 shares of Shutterfly stock. The stock was sold at an average price of $75.36, for a total transaction of $1,240,124.16.

Shares of SFLY stock opened at $82.47 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. Shutterfly, Inc. has a 1-year low of $39.76 and a 1-year high of $86.41. The stock has a market cap of $2,600.38, a price-to-earnings ratio of 72.70 and a beta of 0.88.

Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings data on Tuesday, January 30th. The technology company reported $3.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.86 by $0.25. The business had revenue of $593.80 million during the quarter, compared to analyst estimates of $556.40 million. Shutterfly had a net margin of 2.53% and a return on equity of 6.99%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.63 earnings per share. equities research analysts anticipate that Shutterfly, Inc. will post 2.07 earnings per share for the current fiscal year.

Shutterfly announced that its board has authorized a share repurchase program on Tuesday, January 30th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the technology company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Several equities research analysts have issued reports on the stock. Aegis reissued a “buy” rating and issued a $73.00 price objective on shares of Shutterfly in a research report on Sunday, February 4th. BidaskClub upgraded shares of Shutterfly from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd. SunTrust Banks boosted their target price on shares of Shutterfly to $60.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. Zacks Investment Research downgraded shares of Shutterfly from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 3rd. Finally, ValuEngine raised shares of Shutterfly from a “sell” rating to a “hold” rating in a report on Friday, December 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $61.25.

Hedge funds have recently added to or reduced their stakes in the business. Teachers Advisors LLC increased its holdings in shares of Shutterfly by 0.7% in the 4th quarter. Teachers Advisors LLC now owns 102,111 shares of the technology company’s stock valued at $5,080,000 after acquiring an additional 694 shares during the period. Meadow Creek Investment Management LLC grew its position in Shutterfly by 13.4% in the 4th quarter. Meadow Creek Investment Management LLC now owns 6,052 shares of the technology company’s stock valued at $301,000 after buying an additional 714 shares during the last quarter. First Trust Advisors LP grew its position in Shutterfly by 9.6% in the 3rd quarter. First Trust Advisors LP now owns 13,998 shares of the technology company’s stock valued at $679,000 after buying an additional 1,228 shares during the last quarter. Wedge Capital Management L L P NC grew its position in Shutterfly by 24.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 6,937 shares of the technology company’s stock valued at $345,000 after buying an additional 1,377 shares during the last quarter. Finally, American International Group Inc. grew its position in Shutterfly by 5.6% in the 3rd quarter. American International Group Inc. now owns 26,884 shares of the technology company’s stock valued at $1,303,000 after buying an additional 1,420 shares during the last quarter.

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About Shutterfly

Shutterfly, Inc is an online manufacturer and retailer of personalized products and services. The Company focuses on helping consumers manage their memories through the medium of photography. The Company’s segments are Consumer and Shutterfly Business Solutions (SBS). The Consumer segment offers photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and statement gifts.

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

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