Insider Selling: Jonathan Ayers Sells 78,178 Shares of IDEXX Laboratories Stock (IDXX)
IDEXX Laboratories (NASDAQ:IDXX) CEO Jonathan Ayers unloaded 78,178 shares of the stock on the open market in a transaction dated Friday, October 25th. The shares were sold at an average price of $104.36, for a total transaction of $8,158,656.08. Following the transaction, the chief executive officer now directly owns 351,812 shares of the company’s stock, valued at approximately $36,715,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
IDEXX Laboratories (NASDAQ:IDXX) traded up 1.15% during mid-day trading on Monday, hitting $105.80. 84,571 shares of the company’s stock traded hands. IDEXX Laboratories has a 52 week low of $81.57 and a 52 week high of $101.18. The stock’s 50-day moving average is $96.58 and its 200-day moving average is $91.25. The company has a market cap of $5.490 billion and a price-to-earnings ratio of 30.51.
IDEXX Laboratories (NASDAQ:IDXX) last released its earnings data on Tuesday, October 22nd. The company reported $0.86 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.83 by $0.03. The company had revenue of $338.30 million for the quarter, compared to the consensus estimate of $339.70 million. During the same quarter last year, the company posted $0.76 earnings per share. IDEXX Laboratories’s revenue was up 7.2% compared to the same quarter last year. On average, analysts predict that IDEXX Laboratories will post $3.47 earnings per share for the current fiscal year.
IDEXX Laboratories, Inc develops, manufactures and distributes products and provides services primarily for the companion animal veterinary, livestock and poultry, water testing and dairy markets.
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