Concentrix Corp (CNXC) President and CEO Christopher A. Caldwell acquired 1,000 shares of the company's common stock on July 8, 2026, according to a recent SEC filing. The transaction, valued at $21,249, was executed at a price of $21.2497 per share. Following this acquisition, Caldwell directly holds 358,382 shares of Concentrix Corp common stock.
The insider purchase arrives as the stock trades near its 52-week low of $19.12, having declined 11% over the past week. According to InvestingPro data, the company appears undervalued with shares trading at just 0.48 times book value. An InvestingPro Tip notes that management has been aggressively buying back shares. Investors can access 14 additional ProTips and a comprehensive Pro Research Report for CNXC on the platform.
In other recent news, Concentrix Corporation reported its fiscal second-quarter results, which slightly missed Wall Street expectations. The company posted non-GAAP earnings of $2.63 per share on revenue of $2.46 billion, falling short of forecasts for $2.64 per share and $2.47 billion in revenue. This minor earnings miss was accompanied by a more cautious full-year outlook, as management reduced its full-year constant-currency growth forecast to approximately 0.75% at the midpoint, down from around 2.5% previously projected. Canaccord responded by lowering its price target for Concentrix shares to $45 from $55, although it maintained a Buy rating.
Additionally, Concentrix released its 2026 Sustainability Report, highlighting a 25.7% reduction in absolute emissions compared to a 2019 baseline. The company aims for a 46.2% reduction by 2030. Despite these sustainability achievements, investors appeared more focused on the slower revenue growth and other market challenges. The company's second-quarter revenue growth was reported at just 0.6% year-over-year in constant currency, below the 1.5% growth it had guided to earlier in March.