A Director at Cabot Corporation is Exercising Options

By Carrie Williams

Today, a Director at Cabot Corporation, Patrick Prevost , exercised options of Cabot Corporation (NYSE: CBT) for $9.53M.

In addition to Patrick Prevost, 3 other CBT executives reported Sell trades in the last month.

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Based on Cabot Corporation’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $818 million and GAAP net loss of $173 million. In comparison, last year the company earned revenue of $678 million and had a net profit of $73 million. Currently, Cabot Corporation has an average volume of 511.9K.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $75.00, reflecting a -18.1% downside.

The insider sentiment on Cabot Corporation has been negative according to 45 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Patrick Prevost’s trades have generated a 11.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Cabot Corp. engages in the provision of specialty chemicals and performance materials. It operates through the following segments: Reinforcement Materials, Performance Chemicals, Purification Solutions, and Specialty Fluids. The Reinforcement Materials segment involves the rubber blacks and elastomer composites product lines.