Pinewood Technologies Group PLC (LON:PINE) Insider Acquires £102,368.50 in Stock

Pinewood Technologies Group PLC (LON:PINE) insider Oliver Mann purchased 31,498 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were bought at an average cost of GBX 325 ($4.09) per share, for a total transaction of £102,368.50 ($128,878.89).

Pinewood Technologies Group Stock Performance

LON:PINE traded up GBX 11.17 ($0.14) on Friday, hitting GBX 334.67 ($4.21). 461,074 shares of the stock were exchanged, compared to its average volume of 354,231. The company’s 50-day moving average price is GBX 330.29 and its 200 day moving average price is GBX 342.74. Pinewood Technologies Group PLC has a 52 week low of GBX 280.50 ($3.53) and a 52 week high of GBX 814 ($10.25). The stock has a market capitalization of £289.45 million, a price-to-earnings ratio of 534.39 and a beta of 0.56.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 455 ($5.73) price objective on shares of Pinewood Technologies Group in a research report on Friday, October 25th.

Pinewood Technologies Group Company Profile

Pinewood Technologies Group PLC operates as a cloud-based dealer management software provider that offers software solutions to the automotive industry in the United Kingdom and internationally. It offers end-to-end solution that empowers vehicle retailers with efficient business processes. The company was formerly known as Pendragon PLC and changed its name to Pinewood Technologies Group PLC to February 2024.