Insider Selling: Alan Krock Unloads 25,000 Shares of InvenSense Stock (INVN)
InvenSense (NASDAQ:INVN) CFO Alan Krock unloaded 25,000 shares of InvenSense stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $19.07, for a total transaction of $476,750.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
InvenSense (NASDAQ:INVN) traded down 4.98% on Monday, hitting $18.32. 2,359,038 shares of the company’s stock traded hands. InvenSense has a 52-week low of $9.09 and a 52-week high of $19.36. The stock’s 50-day moving average is $17.24 and its 200-day moving average is $13.59. The company has a market cap of $1.582 billion and a price-to-earnings ratio of 31.10.
InvenSense (NASDAQ:INVN) last announced its earnings results on Tuesday, July 30th. The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.01. The company had revenue of $55.90 million for the quarter, compared to the consensus estimate of $54.43 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 42.6% on a year-over-year basis. On average, analysts predict that InvenSense will post $0.71 earnings per share for the current fiscal year.
INVN has been the subject of a number of recent research reports. Analysts at Maxim Group reiterated a “buy” rating on shares of InvenSense in a research note to investors on Monday. They now have a $23.00 price target on the stock. Separately, analysts at Needham & Company reiterated a “buy” rating on shares of InvenSense in a research note to investors on Tuesday, October 15th. They now have a $20.00 price target on the stock. Finally, analysts at Oppenheimer raised their price target on shares of InvenSense from $19.00 to $24.00 in a research note to investors on Tuesday, October 15th. They now have an “outperform” rating on the stock. Eleven equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of $21.00.
InvenSense, Inc designs and fabricates micro-electro-mechanical systems (NASDAQ:INVN) technologies.
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