Mastech Digital (NYSE:MHH) Major Shareholder Steven Shaw Purchases 4,800 Shares

Mastech Digital major shareholder Steven Shaw purchased 4,800 shares at $7.78 each, totaling $37,344, increasing his ownership by 0.36% to 1,328,068 shares valued at approximately $10.33 million. The transaction was disclosed to the SEC. Mastech Digital's stock opened at $7.43, with a 12-month range of $6.20 to $16.00. Institutional investors hold 18.43% of the company, and analysts recently downgraded the stock from "buy" to "hold."

Mastech Digital, Inc. (NYSE:MHH - Get Free Report) major shareholder Steven Shaw acquired 4,800 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The shares were acquired at an average price of $7.78 per share, with a total value of $37,344.00. Following the completion of the transaction, the insider owned 1,328,068 shares in the company, valued at $10,332,369.04. The trade was a 0.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Mastech Digital Stock Up 1.6%

Shares of MHH stock opened at $7.4290 on Friday. Mastech Digital, Inc. has a twelve month low of $6.20 and a twelve month high of $16.00. The company has a market cap of $87.54 million, a P/E ratio of 25.62, a P/E/G ratio of 0.79 and a beta of 0.79. The business has a fifty day simple moving average of $7.33 and a 200 day simple moving average of $7.37.

Institutional Investors Weigh In On Mastech Digital

Several large investors have recently added to or reduced their stakes in MHH. James Investment Research Inc. acquired a new stake in Mastech Digital during the second quarter worth approximately $87,000. Janney Montgomery Scott LLC grew its stake in Mastech Digital by 17.9% during the second quarter. Janney Montgomery Scott LLC now owns 16,500 shares of the company's stock worth $118,000 after purchasing an additional 2,500 shares during the period. Barclays PLC grew its stake in Mastech Digital by 24.1% during the fourth quarter. Barclays PLC now owns 8,120 shares of the company's stock worth $122,000 after purchasing an additional 1,576 shares during the period. NewEdge Advisors LLC acquired a new stake in Mastech Digital during the first quarter worth approximately $148,000. Finally, Marshall Wace LLP acquired a new stake in Mastech Digital during the fourth quarter worth approximately $156,000. Institutional investors and hedge funds own 18.43% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Mastech Digital from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st.

View Our Latest Report on MHH

Mastech Digital Company Profile

(Get Free Report)

Mastech Digital, Inc, together with its subsidiaries, provides digital transformation IT services to large, medium-sized, and small companies in the United States. The company operates through Data and Analytics Services and IT Staffing Services segments. It offers data management and analytics services, including project-based consulting services in the areas of master data management, enterprise data integration, big data and analytics, and digital transformation by using onsite and offshore resources.