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Concurrent Technologies Director Sells Shares to Cover Tax Liabilities

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Concurrent Technologies Director Sells Shares to Cover Tax Liabilities

The latest announcement is out from Concurrent Technologies ( (GB:CNC) ).

Concurrent Technologies Plc announced that Brent Salgat, Director & Chief Revenue Officer, sold 40,000 ordinary shares to cover tax liabilities from exercising 150,000 share options. This transaction leaves Mr. Salgat with a 0.13% stake in the company, which may impact investor perceptions and the company’s market dynamics.

More about Concurrent Technologies

Concurrent Technologies Plc develops and manufactures high-end embedded Plug In Cards and Systems for use in a wide range of high performance, long life cycle applications within the telecommunications, defence, security, telemetry, scientific and aerospace markets. Their products feature Intel processors and are designed to comply with industry specifications, supporting many leading embedded Operating Systems. The products are sold worldwide.

YTD Price Performance: 21.45%

Average Trading Volume: 373,220

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £143.3M

See more data about CNC stock on TipRanks’ Stock Analysis page.

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