Endava stock falls as CFO investigation shakes confidence

Published on 09/23/2026 at 04:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Endava stock traded at USD 2.13 on September 22, 2026, after a USD 0.66 decline. Endava plans fiscal 2026 results by November 2.

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Endava plc (ISIN US29260V1052) traded at USD 2.13 on the NYSE on September 22, 2026, down USD 0.66 from the previous close. The sharp repricing followed the company placing its chief financial officer on administrative leave during an accounting investigation.

CFO change raises accounting questions

According to Endava on September 21, 2026, independent outside counsel was appointed after concerns about the accounting treatment of certain customer and supplier agreements. Conor McShane of AlixPartners became interim CFO, while Mark Thurston was placed on administrative leave.

The company also said it intends to publish fiscal fourth-quarter and full-year 2026 results by November 2, 2026. That date is a reporting deadline rather than a confirmed earnings-call date, because Endava said the release and conference-call timing would be announced once scheduled.

Analyst view turns more cautious

As MarketBeat reported on September 22, 2026, TD Cowen reaffirmed a Hold rating and a USD 3.50 price target, while Deutsche Bank lowered its target from USD 3.00 to USD 2.00 and kept a Hold rating. The same report said William Blair cut Endava from Market Perform to Underperform.

The quantified contrast is stark: MarketBeat listed one Buy, five Holds and three Sells, producing a consensus rating of Reduce and an average price target of USD 5.36. The USD 3.50 TD Cowen target stood USD 1.37 above the USD 2.13 market price, while the USD 2.00 Deutsche Bank target was USD 0.13 below it.

Stock approaches yearly low

The September 22, 2026 close left Endava stock USD 0.06 above its 52-week low of USD 2.07 and USD 7.75 below its 52-week high of USD 9.88. Trading volume reached 3,586,650 shares, compared with an average volume of 364,528, according to the market data reported that day.

Market capitalization was USD 120.01 million as of September 22, 2026. The stock's 50-day moving average stood at USD 2.98 and its 200-day moving average at USD 3.54, placing the closing price USD 0.85 below the shorter average and USD 1.41 below the longer one.

Endava stock closes near its low

Endava stock closed at USD 2.13 on the NYSE on September 22, 2026, with the session's reported decline of USD 0.66. The next company reporting milestone is the planned publication of fiscal fourth-quarter and full-year 2026 results by November 2, 2026.