The SVP & CFO of Casella Waste (NASDAQ: CWST) is Buying Shares

By Carrie Williams

Today, the SVP & CFO of Casella Waste (CWSTResearch Report), Edmond Coletta, bought shares of CWST for $1.39M.

This recent transaction increases Edmond Coletta’s holding in the company by 180.64% to a total of $7.56 million. This is Coletta’s first Buy trade following 8 Sell transactions.

See today’s analyst top recommended stocks >>

Based on Casella Waste’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $164 million and GAAP net loss of $1.71 million. In comparison, last year the company earned revenue of $147 million and had a GAAP net loss of $3.91 million. CWST’s market cap is $1.8B and the company has a P/E ratio of 201.75. Currently, Casella Waste has an average volume of 183.2K.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $39.67, reflecting a 5.7% upside.

In the last 30 days, insiders have sold $7.5M worth of CWST shares and purchased $1.58M worth of CWST shares. The insider sentiment on Casella Waste has been negative according to 69 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Casella Waste Systems, Inc. is a solid waste services company, which engages in the provision of resource management and services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection, transfer, disposal, recycling and organics services.