Traders Purchase Large Volume of Call Options on Shutterfly (SFLY)

Shutterfly, Inc. (NASDAQ:SFLY) saw some unusual options trading activity on Tuesday. Traders acquired 11,708 call options on the company. This represents an increase of 1,467% compared to the typical daily volume of 747 call options.

In related news, CFO Michael W. Pope sold 35,000 shares of Shutterfly stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $42.08, for a total transaction of $1,472,800.00. Following the sale, the chief financial officer now directly owns 17,500 shares in the company, valued at approximately $736,400. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Satish Menon sold 25,000 shares of Shutterfly stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $42.30, for a total transaction of $1,057,500.00. Following the sale, the senior vice president now owns 38,221 shares in the company, valued at $1,616,748.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,003 shares of company stock worth $3,060,675. 0.80% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. bought a new stake in shares of Shutterfly in the 3rd quarter valued at $112,000. Riverhead Capital Management LLC increased its stake in shares of Shutterfly by 62.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,431 shares of the technology company’s stock valued at $116,000 after acquiring an additional 931 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Shutterfly in the 2nd quarter valued at $119,000. SG Americas Securities LLC bought a new stake in shares of Shutterfly in the 3rd quarter valued at $162,000. Finally, Pinebridge Investments L.P. increased its stake in shares of Shutterfly by 1.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 4,450 shares of the technology company’s stock valued at $211,000 after acquiring an additional 60 shares in the last quarter.

Shutterfly (SFLY) opened at $52.38 on Friday. Shutterfly has a fifty-two week low of $39.76 and a fifty-two week high of $53.99. The stock has a market cap of $1,720.00, a P/E ratio of -1,047.60 and a beta of 0.84.

Shutterfly (NASDAQ:SFLY) last released its quarterly 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. Shutterfly had a net margin of 0.81% and a return on equity of 4.66%. The firm had revenue of $195.44 million during the quarter, compared to analyst estimates of $191.65 million. During the same quarter last year, the business earned ($0.86) EPS. The company’s revenue was up 4.3% compared to the same quarter last year. equities analysts forecast that Shutterfly will post 0.45 earnings per share for the current year.

Several research firms recently commented on SFLY. ValuEngine upgraded shares of Shutterfly from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. BidaskClub upgraded shares of Shutterfly from a “sell” rating to a “hold” rating in a report on Friday, December 29th. Aegis restated a “buy” rating and set a $56.00 price target on shares of Shutterfly in a report on Tuesday, October 24th. Zacks Investment Research lowered shares of Shutterfly from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, Goldman Sachs Group restated a “neutral” rating and set a $47.00 price target on shares of Shutterfly in a report on Wednesday, October 11th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $53.60.

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Shutterfly Company Profile

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.

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