Grab This Bargain Even Cheaper Than Director Jones Did

By Dividend Channel Staff, Thursday, March 14, 3:24 PM ET

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There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 10, Perficient Inc's Director, Jill Ackerman Jones, invested $49,959.55 into 817 shares of PRFT, for a cost per share of $61.15. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Thursday, bargain hunters could buy shares of Perficient Inc (NASDAQ:PRFT) and achieve a cost basis even cheaper than Jones, with shares changing hands as low as $61.01 per share. Perficient Inc shares are currently trading off about 2.9% on the day. The chart below shows the one year performance of PRFT shares, versus its 200 day moving average:

Perficient Inc Chart

Looking at the chart above, PRFT's low point in its 52 week range is $51.23 per share, with $96.93 as the 52 week high point — that compares with a last trade of $60.88. By comparison, below is a table showing the prices at which PRFT insider buying was recorded over the last six months:

Purchased	Insider	Title	Shares	Price/Share	Value
11/10/2023	Jill Ackerman Jones	Director	817	$61.15	$49,959.55

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This Article's Word Cloud: Ackerman Back Bargain Bargains Cheaper Director Dividends Free Insider Insiders Jill Jones Looking November PRFT Perficient Price Purchased Report Share Shares Start Street Than There Thursday Title Value Wall about above achieve below buying chart cost hunters insider last only point reason share shares stock that their trading week with

Grab This Bargain Even Cheaper Than Director Jones Did

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