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Absolute Software Corporation ABST

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Price alert · ABST

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11.49 +11.49 —

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Open
—
Prev close
0.00
Mkt cap
609.82M
Vol
0
Avg vol
0
EPS
0.00
P/E
0.00
Div yield
2.08%
More statistics
Low
—
High
—
Forward P/E
-95.67
Beta
0.36
Short ratio
0.16
Inst. own
82.04%
Dividend
0.24
Ex-div date
May 9, 2023
Earnings
Aug 22, 2023
50-d avg
10.90
200-d avg
10.15
1y target
13.50

2Y chart

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Key statistics

Market cap
609.82M
Enterprise value
822.87M
Trailing P/E
0.00
Forward P/E
-95.67
PEG ratio
0.00
Price / sales
2.75
Price / book
0.00
EPS (TTM)
-0.50
Beta
0.36
Dividend yield
2.08%
Payout ratio
0.00%
Profit margin
-11.62%
Revenue (TTM)
222.06M
Revenue growth
13.10%
Free cash flow
47.09M
Total cash
50.21M
Total debt
268.20M
Return on equity
0.00%
Shares outstanding
53.12M
Short % of float
0.00%
50-day average
10.90
200-day average
10.15

Analyst view

Consensus: hold

Hold
Price target (mean) 13.50 +17.5% upside
Target (low)
11.50
Target (mean)
13.50
Target (high)
16.00

Next earnings

Aug 22, 2023

Expected Aug 22, 2023. Consensus EPS estimate -0.04.

Earnings history

Financials — quick view

All financials
ABST Revenue — quarterly 58.77M
2020-Q1 20192020-Q2 20192020-Q3 20202020-Q4 20202021-Q1 20202021-Q2 20202021-Q3 20212021-Q4 20212022-Q1 20212022-Q2 20212022-Q3 20222022-Q4 20222023-Q1 20222023-Q2 20222023-Q3 2023
ABST Net income — quarterly -3.97M
2020-Q1 20192020-Q2 20192020-Q3 20202020-Q4 20202021-Q1 20202021-Q2 20202021-Q3 20212021-Q4 20212022-Q1 20212022-Q2 20212022-Q3 20222022-Q4 20222023-Q1 20222023-Q2 20222023-Q3 2023
ABST EPS — quarterly -0.08
2020-Q1 20192020-Q2 20192020-Q3 20202020-Q4 20202021-Q1 20202021-Q2 20202021-Q3 20212021-Q4 20212022-Q1 20212022-Q2 20212022-Q3 20222022-Q4 20222023-Q1 20222023-Q2 20222023-Q3 2023

Earnings

ABST recent earnings
Report dateQuarter endingEPS estimateEPS reportedSurpriseSurprise %
Aug 22, 2023Jun 1, 20230.00———
May 15, 2023Mar 1, 20230.10———
Feb 14, 2023Dec 1, 20220.09———
Nov 8, 2022Sep 1, 2022-0.07———
Aug 23, 2022Jun 1, 2022-0.01———
May 10, 2022Mar 1, 2022-0.07———

Upgrades / downgrades

ABST analyst upgrades and downgrades
DateFirmActionFromTo
Jan 3, 2022TD SecuritiesdownBuyHold
Jan 3, 2022Raymond Jamesmain—Outperform
Feb 10, 2021Raymond Jamesmain—Outperform
Jan 15, 2021Needhammain—Buy
Nov 23, 2020Raymond Jamesinit—Outperform
Nov 23, 2020Needhaminit—Buy

About Absolute Software Corporation

Absolute Software Corporation develops, markets, and provides software services that support the management and security of computing devices, applications, data, and networks for various organizations. The company's Absolute platform offer Absolute Visibility that provides information on device hardware, software, and location; Absolute Control that provide remediation capabilities, such as the ability to remotely freeze devices and delete data; Absolute Resilience, which offer remote scripting, self-healing for critical apps, investigation and recovery services, and sensitive data identification; Absolute Ransomware Response that enables organizations to assess their ransomware preparedness for endpoints, monitors their endpoint cyber hygiene across the entire device fleet and allows for an expedited endpoint recovery; Absolute VPN an enterprise solution; Absolute ZTNA that protects networks and employees with real time risk analysis; and Absolute Insights for Network provides real-time data about device, application, and network performance in a single pane of glass. The company markets its solutions through device original equipment manufacturers, distributors, and value added resellers, as well as directly to healthcare organizations, educational institutions, governmental agencies, and individual consumers. It operates in North America, the United Kingdom, Vietnam, Germany, Australia, Japan, and Latin America. Absolute Software Corporation was incorporated in 1993 and is headquartered in Vancouver, Canada.

Sector
Technology
Industry
Software—Application
Country
Canada
Website
absolute.com

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Insider holders

ABST insider holders
InsiderRelationLatest transactionDateShares held
Chess (Peter)Senior Officer of IssuerExercise of rightsSep 6, 202210,032
Choi (Edward)Deemed Insider - 6 Months before becoming InsiderAcquisition or disposition under a prospectusJul 31, 20221,716
Gatoff (Steven H)Senior Officer of IssuerExercise of rightsMar 2, 202227,515
Grace (Mark)Senior Officer of IssuerExercise of rightsNov 13, 202291,483
Laforce (Marcel Armand)Senior Officer of IssuerAcquisition or disposition in the public marketMay 26, 202211,568
Meanchoff (Matthew)Senior Officer of IssuerExercise of optionsJun 9, 202242,253

Institution ownership

ABST institution ownership
Holder% heldSharesValueReported
Trigran Investments Inc11.24%5,976,70968.61MMar 30, 2023
Lynrock Lake LP10.85%5,769,33166.23MMar 30, 2023
Edenbrook Capital, LLC10.36%5,506,98963.22MMar 30, 2023
Connor Clark & Lunn Investment Management Ltd6.50%3,454,10839.65MMar 30, 2023
Wellington Management Group, LLP3.83%2,036,02723.37MMar 30, 2023
Divisar Capital Management LLC3.64%1,936,57722.23MMar 30, 2023

Fund ownership

ABST fund ownership
Holder% heldSharesValueReported
Crawford Small Cap Dividend Fund0.79%417,9464.80MFeb 27, 2023
ETF Managers Tr-EFTMG Prime Cyber Security ETF0.53%281,1223.23MDec 30, 2022
Bernstein Fund, Inc.-International Small Cap Portfolio0.45%239,1982.75MDec 30, 2022
iShares Cybersecurity and Tech ETF0.44%232,3502.67MFeb 27, 2023
Buffalo Early Stage Growth Fund0.36%190,1002.18MDec 30, 2022
DFA International Core Equity Portfolio0.15%81,296933.28KJan 30, 2023
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