Riverbridge Partners LLC Sells 231,077 Shares of Exponent, Inc. (NASDAQ:EXPO)

Riverbridge Partners LLC lowered its position in Exponent, Inc. (NASDAQ:EXPO) by 26.1% during the fourth quarter, Holdings Channel reports. The firm owned 652,715 shares of the business services provider’s stock after selling 231,077 shares during the period. Riverbridge Partners LLC’s holdings in Exponent were worth $58,157,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. American Century Companies Inc. grew its holdings in Exponent by 201.5% during the 2nd quarter. American Century Companies Inc. now owns 33,833 shares of the business services provider’s stock worth $3,218,000 after acquiring an additional 22,611 shares during the period. Dimensional Fund Advisors LP grew its stake in Exponent by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,019,085 shares of the business services provider’s stock worth $96,937,000 after purchasing an additional 6,108 shares during the period. Renaissance Technologies LLC bought a new stake in Exponent in the second quarter worth approximately $3,215,000. XTX Topco Ltd acquired a new position in Exponent in the second quarter valued at approximately $215,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of Exponent by 70.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 873 shares of the business services provider’s stock worth $83,000 after buying an additional 361 shares during the period. Institutional investors own 92.37% of the company’s stock.

Exponent Stock Down 1.1 %

Exponent stock opened at $92.94 on Thursday. The company has a market capitalization of $4.72 billion, a PE ratio of 44.90 and a beta of 0.71. Exponent, Inc. has a 12-month low of $68.70 and a 12-month high of $115.75. The firm’s fifty day moving average is $93.33 and its 200 day moving average is $101.46.

Insider Buying and Selling

In related news, Director Carol Lindstrom sold 1,039 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $96.32, for a total transaction of $100,076.48. Following the transaction, the director now directly owns 5,871 shares of the company’s stock, valued at $565,494.72. This trade represents a 15.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul R. Johnston sold 1,300 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $95.03, for a total transaction of $123,539.00. Following the completion of the sale, the director now owns 59,406 shares of the company’s stock, valued at approximately $5,645,352.18. This trade represents a 2.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,339 shares of company stock worth $3,103,065 in the last ninety days. Corporate insiders own 2.10% of the company’s stock.

About Exponent

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company in the United States and internationally. The company operates in two segments, Engineering and Other Scientific, and Environmental and Health. The Engineering and Other Scientific segment provides services in the areas of biomechanics, biomedical engineering and sciences, buildings and structures, civil engineering, construction consulting, data sciences, electrical engineering and computer science, human factors, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, thermal sciences, and vehicle engineering.