Insider Selling: Illumina CEO Sells 30,000 Shares of Stock (ILMN)
Illumina (NASDAQ:ILMN) CEO Jay T. Flatley sold 30,000 shares of Illumina stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $142.30, for a total transaction of $4,269,000.00. Following the sale, the chief executive officer now directly owns 399,509 shares in the company, valued at approximately $56,850,131. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on ILMN. Analysts at Leerink Swann raised their price target on shares of Illumina from $110.00 to $140.00 in a research note to investors on Friday, January 17th. Separately, analysts at Bank of America Corp. raised their price target on shares of Illumina from $125.00 to $165.00 in a research note to investors on Friday, January 17th. Finally, analysts at Robert W. Baird raised their price target on shares of Illumina from $87.00 to $137.00 in a research note to investors on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $113.11.
Shares of Illumina (NASDAQ:ILMN) traded down 3.80% on Friday, hitting $138.62. 2,219,538 shares of the company’s stock traded hands. Illumina has a 52-week low of $48.00 and a 52-week high of $148.48. The stock’s 50-day moving average is $113. and its 200-day moving average is $91.07. The company has a market cap of $17.521 billion and a price-to-earnings ratio of 171.96.
Illumina, Inc (NASDAQ:ILMN) is a developer and manufacturer of life science tools and integrated systems for the analysis of genetic variation and function.
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