Casa Systems Inc (CASA) Director Acquires $3,250,000.00 in Stock

Casa Systems Inc (NASDAQ:CASA) Director Bruce R. Evans bought 250,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The stock was purchased at an average cost of $13.00 per share, for a total transaction of $3,250,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Casa Systems Inc (CASA) traded up $0.64 during trading hours on Thursday, reaching $19.68. 439,700 shares of the company traded hands, compared to its average volume of 271,124. Casa Systems Inc has a twelve month low of $13.25 and a twelve month high of $20.00.

CASA has been the topic of several analyst reports. Barclays initiated coverage on shares of Casa Systems in a research note on Tuesday. They issued an “equal weight” rating and a $17.00 target price on the stock. Stifel Nicolaus initiated coverage on shares of Casa Systems in a research note on Tuesday. They issued a “buy” rating and a $23.00 target price on the stock. Morgan Stanley initiated coverage on shares of Casa Systems in a research note on Tuesday. They issued an “equal weight” rating and a $21.00 target price on the stock. William Blair initiated coverage on shares of Casa Systems in a research note on Tuesday. They issued an “outperform” rating on the stock. Finally, Northland Securities assumed coverage on shares of Casa Systems in a research note on Tuesday. They issued an “outperform” rating and a $25.00 target price on the stock. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Casa Systems has a consensus rating of “Buy” and an average price target of $22.17.

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Casa Systems Company Profile

Casa Systems, Inc is provides a software-centric infrastructure solutions. In addition, the Company offers solutions for next-generation distributed and virtualized architectures in cable operator, fixed telecom and wireless networks. Its products include axyom software platform, delivery platforms, multi-service applications, capacity expansion products.

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