Insider Selling: Volcano Corp. Insider Sells 5,000 Shares of Stock (VOLC)
Volcano Corp. (NASDAQ:VOLC) Insider Jorge Quinoy sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $24.00, for a total value of $120,000.00. Following the sale, the insider now directly owns 106,691 shares of the company’s stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
VOLC has been the subject of a number of recent research reports. Analysts at BMO Capital Markets upgraded shares of Volcano Corp. (NASDAQ:VOLC) from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $28.00 price target on the stock, up previously from $23.00. Finally, analysts at Oppenheimer raised their price target on shares of Volcano Corp. (NASDAQ:VOLC) from $24.00 to $26.00 in a research note to investors on Monday, September 9th. They now have an “outperform” rating on the stock.
One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $24.71.
Volcano Corp. (NASDAQ:VOLC) traded down 1.76% during mid-day trading on Thursday, hitting $23.44. The stock had a trading volume of 1,480,157 shares. Volcano Corp. has a 1-year low of $16.37 and a 1-year high of $30.15. The stock has a 50-day moving average of $21.95 and a 200-day moving average of $20.32. The company’s market cap is $1.280 billion.
Volcano Corp. (NASDAQ:VOLC) last announced its earnings results on Monday, August 5th. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.01) by $0.04. The company had revenue of $101.30 million for the quarter, compared to the consensus estimate of $97.90 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Analysts expect that Volcano Corp. will post $0.05 EPS for the current fiscal year.
Volcano Corporation (NASDAQ:VOLC) designs, develops, manufactures and commercializes a range of precision guided therapy tools, including intravascular ultrasound (IVUS), and fractional flow reserve (FFR), products.
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