Insider Selling: Fusion-io Insider Sells 75,000 Shares of Stock (FIO)
Fusion-io (NYSE:FIO) Insider James Dawson sold 75,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $15.00, for a total value of $1,125,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Piper Jaffray Cos. upgraded shares of Fusion-io (NYSE:FIO) from a “neutral” rating to an “overweight” rating in a research note to investors on Tuesday. They now have a $17.00 price target on the stock, up previously from $12.00. Separately, analysts at Craig Hallum upgraded shares of Fusion-io (NYSE:FIO) from a “hold” rating to a “buy” rating in a research note to investors on Monday. They now have a $18.00 price target on the stock, up previously from $12.00. Finally, analysts at Lazard Capital Markets reiterated a “buy” rating on shares of Fusion-io (NYSE:FIO) in a research note to investors on Monday. They now have a $645.00 price target on the stock, up previously from $17.00.
Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have issued a buy rating to the company’s stock. Fusion-io currently has a consensus rating of “Hold” and an average target price of $49.21.
Fusion-io (NYSE:FIO) traded up 1.31% on Friday, hitting $14.68. 3,463,587 shares of the company’s stock traded hands. Fusion-io has a 52 week low of $10.38 and a 52 week high of $32.63. The stock’s 50-day moving average is $12.36 and its 200-day moving average is $14.56. The company’s market cap is $1.470 billion. Fusion-io also saw unusually large options trading on Wednesday. Stock investors acquired 42,801 call options on the company. This is an increase of 733% compared to the average volume of 5,137 call options.
Fusion-io (NYSE:FIO) last released its earnings data on Wednesday, August 7th. The company reported ($0.03) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.03). The company had revenue of $106.10 million for the quarter, compared to the consensus estimate of $110.20 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis.
Fusion-io Inc (NYSE:FIO) is a provider of datacenter solutions that accelerate databases, virtualization, cloud computing, big data, and the applications that help drive business from the smallest e-tailers to some of the largest data centers, social media leaders, and Fortune Global 500 businesses.
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