Groupe Bruxelles Lambert (CNXC) affiliates unload 6M Concentrix shares, keep 2.77M
Affiliates of Groupe Bruxelles Lambert, including FINPAR VI SA, FINPAR V SA, and Sapiens S.a r.l., executed an open-market sale of 6,000,000 shares of Concentrix Corp (CNXC) common stock at $22.25 per share on April 29, 2026. Following this significant transaction valued at $133.5 million, the reporting entities collectively retain indirect ownership of 2,773,667 Concentrix shares. This sale substantially reduces their holdings but leaves a notable remaining stake, with the filing indicating a "Very Negative" sentiment due to the large insider disposition.
MAR 26·Benzinga▼
These Analysts Cut Their Forecasts On Concentrix Following Q1 Results
Following its Q1 results, which showed mixed financial performance, Concentrix (NASDAQ: CNXC) has seen several analysts cut their price targets. Despite revenue slightly beating estimates, adjusted EPS missed, and the company issued Q2 guidance below expectations, leading to a 6.9% drop in its share price. Analysts from Baird, Canaccord Genuity, and Barrington Research maintained their ratings but significantly lowered their price targets for Concentrix.
JAN 12·MarketBeat▲
Concentrix's (CNXC) Outperform Rating Reaffirmed at Barrington Research
Barrington Research has reaffirmed an "Outperform" rating for Concentrix (CNXC) with a $62 price target, indicating a potential 40.7% upside. This aligns with a "Moderate Buy" consensus from analysts, who have an average target of $66.25. The article also highlights recent insider buying by CEO Christopher Caldwell and significant institutional ownership in the company.
