Align Technology VP Richard M.L. Twomey Sells 4,010 Shares (ALGN)
Align Technology (NASDAQ:ALGN) VP Richard M.L. Twomey sold 4,010 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $57.05, for a total value of $228,770.50. Following the sale, the vice president now directly owns 4,272 shares in the company, valued at approximately $243,718. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Align Technology (NASDAQ:ALGN) traded down 0.54% during mid-day trading on Friday, hitting $56.75. The stock had a trading volume of 710,511 shares. Align Technology has a 1-year low of $23.45 and a 1-year high of $47.63. The stock’s 50-day moving average is $49.30 and its 200-day moving average is $41.39. The company has a market cap of $4.538 billion and a P/E ratio of 150.16.
Align Technology (NASDAQ:ALGN) last posted its quarterly earnings results on Thursday, October 17th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.12. The company had revenue of $164.50 million for the quarter, compared to the consensus estimate of $158.64 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, analysts predict that Align Technology will post $1.47 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on ALGN shares. Analysts at Roth Capital raised their price target on shares of Align Technology from $46.00 to $56.00 in a research note to investors on Friday, October 18th. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Align Technology from $43.00 to $52.00 in a research note to investors on Friday, October 18th. They now have a “hold” rating on the stock. Finally, analysts at Zacks reiterated an “outperform” rating on shares of Align Technology in a research note to investors on Friday, October 18th. They now have a $55.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Align Technology currently has a consensus rating of “Hold” and a consensus target price of $44.83.
Align Technology, Inc (NASDAQ:ALGN), designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services used in dentistry, orthodontics, and dental records storage.
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