Insider Selling: Grand Canyon Education, Inc. (NASDAQ:LOPE) CTO Sells 1,500 Shares of Stock

Grand Canyon Education, Inc. (NASDAQ:LOPE - Get Free Report) CTO Dilek Marsh sold 1,500 shares of the company's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total transaction of $249,105.00. Following the transaction, the chief technology officer now owns 21,174 shares of the company's stock, valued at approximately $3,516,366.18. The trade was a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Grand Canyon Education Price Performance

Shares of LOPE traded down $2.91 during mid-day trading on Friday, reaching $160.31. The company had a trading volume of 464,204 shares, compared to its average volume of 182,611. The company has a market capitalization of $4.67 billion, a P/E ratio of 21.07, a P/E/G ratio of 1.41 and a beta of 0.76. Grand Canyon Education, Inc. has a twelve month low of $118.48 and a twelve month high of $173.37. The company's 50-day moving average is $155.22 and its 200-day moving average is $146.89.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.01. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The firm had revenue of $238.30 million for the quarter, compared to analysts' expectations of $239.69 million. During the same period in the prior year, the business posted $1.26 earnings per share. The business's revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts expect that Grand Canyon Education, Inc. will post 8.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Barrington Research boosted their price target on Grand Canyon Education from $165.00 to $180.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. StockNews.com lowered Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. BMO Capital Markets lifted their price target on shares of Grand Canyon Education from $152.00 to $173.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Finally, Robert W. Baird increased their price objective on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LOPE. Reston Wealth Management LLC bought a new position in Grand Canyon Education in the 3rd quarter valued at $28,000. True Wealth Design LLC bought a new position in shares of Grand Canyon Education in the third quarter valued at about $31,000. Capital Performance Advisors LLP bought a new position in shares of Grand Canyon Education in the third quarter valued at about $60,000. Blue Trust Inc. lifted its position in Grand Canyon Education by 710.7% during the 2nd quarter. Blue Trust Inc. now owns 608 shares of the company's stock worth $83,000 after buying an additional 533 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Grand Canyon Education during the 3rd quarter worth about $86,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.