Insider Selling: Jeffrey Kodosky Sells 12,000 Shares of National Instruments Corp. Stock (NATI)
National Instruments Corp. (NASDAQ:NATI) Director Jeffrey Kodosky sold 12,000 shares of the stock on the open market in a transaction dated Monday, October 28th. The shares were sold at an average price of $29.47, for a total transaction of $353,640.00. Following the completion of the transaction, the director now directly owns 463,826 shares of the company’s stock, valued at approximately $13,668,952. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of National Instruments Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, September 26th. They now have a $33.20 price target on the stock. Analysts at Janney Montgomery Scott initiated coverage on shares of National Instruments Corp. in a research note to investors on Thursday, August 15th. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $30.73.
Shares of National Instruments Corp. (NASDAQ:NATI) traded down 1.58% on Wednesday, hitting $29.27. The stock had a trading volume of 270,512 shares. National Instruments Corp. has a 1-year low of $22.89 and a 1-year high of $32.83. The stock has a 50-day moving average of $28.45 and a 200-day moving average of $29.11. The company has a market cap of $3.653 billion and a price-to-earnings ratio of 47.97.
National Instruments Corporation (NASDAQ:NATI) is engaged in designing, manufacturing and selling tools to engineers and scientists.
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