Simulations Plus (NASDAQ:SLP) Sees Unusually-High Trading Volume – Here’s Why

Simulations Plus, Inc. (NASDAQ:SLP) shares saw unusually-high trading volume on Wednesday . Approximately 128,925 shares changed hands during mid-day trading, a decline of 6% from the previous session’s volume of 137,114 shares.The stock last traded at $31.96 and had previously closed at $31.72.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SLP shares. Stephens began coverage on shares of Simulations Plus in a report on Friday, November 15th. They issued an “overweight” rating and a $39.00 price objective on the stock. BTIG Research lowered their target price on shares of Simulations Plus from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. William Blair reiterated an “outperform” rating on shares of Simulations Plus in a report on Wednesday, November 6th. Finally, StockNews.com cut shares of Simulations Plus from a “hold” rating to a “sell” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Simulations Plus currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.40.

Simulations Plus Stock Up 0.1 %

The company’s fifty day moving average is $30.81 and its 200 day moving average is $37.95. The firm has a market cap of $637.22 million, a price-to-earnings ratio of 64.74 and a beta of 0.71.

Simulations Plus (NASDAQ:SLP) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. Simulations Plus had a return on equity of 6.16% and a net margin of 14.15%. The business had revenue of $18.70 million during the quarter, compared to analysts’ expectations of $19.73 million. During the same quarter last year, the company posted $0.18 earnings per share. Simulations Plus’s quarterly revenue was up 19.9% on a year-over-year basis. On average, equities research analysts forecast that Simulations Plus, Inc. will post 1.12 EPS for the current fiscal year.

Insider Buying and Selling at Simulations Plus

In other Simulations Plus news, Director Walter S. Woltosz sold 20,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $27.66, for a total transaction of $553,200.00. Following the transaction, the director now owns 3,462,584 shares in the company, valued at $95,775,073.44. This trade represents a 0.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 60,750 shares of company stock valued at $1,905,655 in the last three months. 20.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Simulations Plus by 1.1% in the first quarter. Vanguard Group Inc. now owns 1,135,105 shares of the technology company’s stock valued at $46,710,000 after buying an additional 12,636 shares during the period. State Street Corp boosted its stake in shares of Simulations Plus by 4.7% in the third quarter. State Street Corp now owns 640,303 shares of the technology company’s stock valued at $20,503,000 after buying an additional 28,953 shares during the period. Geode Capital Management LLC boosted its stake in shares of Simulations Plus by 4.4% in the third quarter. Geode Capital Management LLC now owns 448,618 shares of the technology company’s stock valued at $14,367,000 after buying an additional 18,924 shares during the period. Dimensional Fund Advisors LP raised its position in Simulations Plus by 10.1% during the second quarter. Dimensional Fund Advisors LP now owns 414,005 shares of the technology company’s stock valued at $20,128,000 after purchasing an additional 37,992 shares in the last quarter. Finally, Tributary Capital Management LLC raised its position in Simulations Plus by 54.7% during the third quarter. Tributary Capital Management LLC now owns 325,567 shares of the technology company’s stock valued at $10,425,000 after purchasing an additional 115,122 shares in the last quarter. 78.08% of the stock is owned by institutional investors.

About Simulations Plus

Simulations Plus, Inc develops drug discovery and development software for modeling and simulation, and prediction of molecular properties utilizing artificial intelligence and machine learning based technology worldwide. The company operates through two segments, Software and Services. It offers GastroPlus, which simulates the absorption and drug interaction of compounds administered to humans and animals; and DDDPlus and MembranePlus simulation products.