Insider Selling: Mark Vadon Unloads 43,600 Shares of Blue Nile Stock (NILE)
Blue Nile (NASDAQ:NILE) Director Mark Vadon sold 43,600 shares of the stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $39.70, for a total transaction of $1,730,920.00. Following the sale, the director now directly owns 130,768 shares in the company, valued at approximately $5,191,490. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Blue Nile (NASDAQ:NILE) traded down 1.08% on Monday, hitting $39.34. The stock had a trading volume of 56,708 shares. Blue Nile has a 52 week low of $28.90 and a 52 week high of $43.00. The stock’s 50-day moving average is $38.65 and its 200-day moving average is $36.3. The company has a market cap of $488.9 million and a P/E ratio of 51.65.
Blue Nile (NASDAQ:NILE) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.02. The company had revenue of $108.00 million for the quarter, compared to the consensus estimate of $103.40 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 18.7% on a year-over-year basis.
Separately, analysts at B. Riley initiated coverage on shares of Blue Nile in a research note to investors on Thursday, September 26th. They set a “buy” rating and a $49.00 price target on the stock. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $39.43.
Blue Nile, Inc (NASDAQ:NILE) is the online retailer of diamonds and jewelry.
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