Insider Selling: Shutterfly, Inc. (SFLY) CFO Sells $1,472,800.00 in Stock

Shutterfly, Inc. (NASDAQ:SFLY) CFO Michael W. Pope sold 35,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $42.08, for a total transaction of $1,472,800.00. Following the completion of the sale, the chief financial officer now owns 17,500 shares in the company, valued at approximately $736,400. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shutterfly (NASDAQ:SFLY) last issued its earnings results on Tuesday, October 24th. The technology company reported ($0.78) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.79) by $0.01. The business had revenue of $195.44 million during the quarter, compared to analysts’ expectations of $191.65 million. Shutterfly had a net margin of 0.81% and a return on equity of 4.66%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.86) earnings per share.

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A number of equities research analysts recently weighed in on SFLY shares. ValuEngine upgraded shares of Shutterfly from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Jefferies Group LLC restated a “hold” rating and issued a $53.00 target price on shares of Shutterfly in a report on Friday, August 4th. Zacks Investment Research lowered shares of Shutterfly from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. BidaskClub upgraded shares of Shutterfly from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Aegis restated a “buy” rating and issued a $56.00 target price on shares of Shutterfly in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $53.50.

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Shutterfly by 2.3% in the second quarter. Vanguard Group Inc. now owns 2,903,180 shares of the technology company’s stock worth $137,902,000 after buying an additional 64,361 shares during the last quarter. EastBay Asset Management LLC raised its holdings in Shutterfly by 0.6% in the second quarter. EastBay Asset Management LLC now owns 2,130,159 shares of the technology company’s stock worth $101,182,000 after buying an additional 12,470 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Shutterfly by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,244,827 shares of the technology company’s stock worth $59,130,000 after buying an additional 19,717 shares during the last quarter. State Street Corp raised its holdings in Shutterfly by 4.0% in the second quarter. State Street Corp now owns 979,974 shares of the technology company’s stock worth $46,554,000 after buying an additional 37,889 shares during the last quarter. Finally, Rice Hall James & Associates LLC raised its holdings in Shutterfly by 70.9% in the third quarter. Rice Hall James & Associates LLC now owns 801,520 shares of the technology company’s stock worth $38,858,000 after buying an additional 332,434 shares during the last quarter.

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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