Insider Selling: John Dahldorf Unloads 47,423 Shares of Volcano Corp. Stock (VOLC)
Volcano Corp. (NASDAQ:VOLC) CFO John Dahldorf unloaded 47,423 shares of Volcano Corp. stock on the open market in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $21.94, for a total value of $1,040,460.62. Following the completion of the sale, the chief financial officer now directly owns 41,955 shares in the company, valued at approximately $920,493. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on VOLC shares. Analysts at Zacks reiterated a “neutral” rating on shares of Volcano Corp. in a research note to investors on Friday, November 8th. They now have a $21.00 price target on the stock. Separately, analysts at TheStreet downgraded shares of Volcano Corp. from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, November 6th. Finally, analysts at JMP Securities cut their price target on shares of Volcano Corp. from $26.00 to $24.00 in a research note to investors on Tuesday, November 5th. They now have a “market outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $23.93.
Volcano Corp. (NASDAQ:VOLC) traded up 2.14% during mid-day trading on Tuesday, hitting $22.42. The stock had a trading volume of 414,956 shares. Volcano Corp. has a 1-year low of $16.37 and a 1-year high of $26.23. The stock’s 50-day moving average is $21.90 and its 200-day moving average is $21.55. The company’s market cap is $1.231 billion.
Volcano Corp. (NASDAQ:VOLC) last released its earnings data on Monday, November 4th. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.07. The company had revenue of $95.80 million for the quarter, compared to the consensus estimate of $97.20 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Analysts expect that Volcano Corp. will post $-0.26 EPS for the current fiscal year.
Volcano Corporation (NASDAQ:VOLC) designs, develops, manufactures and commercializes a range of precision guided therapy tools, including intravascular ultrasound (IVUS), and fractional flow reserve (FFR), products.
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