Insider Buying: Open Text Co. (TSE:OTEX) Director Acquires C$6,243,156.48 in Stock

Open Text Co. (TSE:OTEXGet Rating) (NASDAQ:OTEX) Director P. Thomas Jenkins bought 160,000 shares of the company’s stock in a transaction dated Friday, November 18th. The shares were purchased at an average price of C$39.02 per share, with a total value of C$6,243,156.48. Following the completion of the acquisition, the director now owns 1,903,349 shares of the company’s stock, valued at approximately C$74,268,160.27.

P. Thomas Jenkins also recently made the following trade(s):

  • On Monday, November 21st, P. Thomas Jenkins purchased 120,000 shares of Open Text stock. The stock was bought at an average cost of C$38.13 per share, with a total value of C$4,575,274.56.
  • On Monday, August 29th, P. Thomas Jenkins purchased 750,000 shares of Open Text stock. The stock was bought at an average cost of C$40.83 per share, with a total value of C$30,621,278.25.

Open Text Price Performance

OTEX stock opened at C$39.77 on Friday. Open Text Co. has a 1 year low of C$34.72 and a 1 year high of C$63.70. The company has a market cap of C$10.75 billion and a P/E ratio of 54.48. The firm has a 50-day moving average of C$37.84 and a 200 day moving average of C$44.71. The company has a debt-to-equity ratio of 116.23, a current ratio of 1.42 and a quick ratio of 1.34.

About Open Text

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Open Text Corporation engages in the designs, develops, markets, and sells information management software and solutions. It offers content services; business network that manages data within the organization and outside the firewall; security and protection solutions for defending against cyber threats, and preparing for business continuity and response in the event of a breach; digital investigation and forensic security solutions; OpenText security solutions to address information cyber resilience needs; Carbonite and Webroot products; and OpenText Information Management software platform.

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