Insider Selling: Jay Flatley Sells 30,000 Shares of Illumina Stock (ILMN)
Illumina (NASDAQ:ILMN) CEO Jay Flatley unloaded 30,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $83.27, for a total transaction of $2,498,100.00. Following the sale, the chief executive officer now directly owns 399,509 shares of the company’s stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Wells Fargo & Co. initiated coverage on shares of Illumina (NASDAQ:ILMN) in a research note to investors on Monday, September 9th. They set an “outperform” rating on the stock. Separately, analysts at Bank of America Corp. set a $90.00 price target on shares of Illumina (NASDAQ:ILMN) in a research note to investors on Thursday, August 22nd. They now have a “buy” rating on the stock. Finally, analysts at Janney Montgomery Scott initiated coverage on shares of Illumina (NASDAQ:ILMN) in a research note to investors on Thursday, August 15th. They set a “neutral” rating on the stock.
One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $73.81.
Shares of Illumina (NASDAQ:ILMN) traded up 0.93% during mid-day trading on Monday, hitting $85.34. 877,908 shares of the company’s stock traded hands. Illumina has a 52 week low of $44.78 and a 52 week high of $85.81. The stock’s 50-day moving average is $79.37 and its 200-day moving average is $68.74. The company has a market cap of $10.678 billion and a price-to-earnings ratio of 99.47.
Illumina (NASDAQ:ILMN) last announced its earnings results on Tuesday, July 23rd. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.40 by $0.03. The company had revenue of $346.09 million for the quarter, compared to the consensus estimate of $331.77 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 23.3% on a year-over-year basis. Analysts expect that Illumina will post $1.72 EPS for the current fiscal year.
Illumina, Inc (NASDAQ:ILMN) is a developer and manufacturer of life science tools and integrated systems for the analysis of genetic variation and function.
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