Insider Selling: National Instruments Corp. Director Sells 4,000 Shares of Stock (NATI)
National Instruments Corp. (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 4,000 shares of the stock on the open market in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $31.34, for a total value of $125,360.00. Following the completion of the sale, the director now directly owns 435,826 shares in the company, valued at approximately $13,658,787. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of National Instruments Corp. (NASDAQ:NATI) traded down 1.25% on Wednesday, hitting $30.89. 496,888 shares of the company’s stock traded hands. National Instruments Corp. has a 1-year low of $22.89 and a 1-year high of $32.93. The stock’s 50-day moving average is $31.30 and its 200-day moving average is $30.29. The company has a market cap of $3.866 billion and a P/E ratio of 56.87.
A number of research firms have recently commented on NATI. Analysts at Zacks upgraded shares of National Instruments Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 1st. They now have a $32.80 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of National Instruments Corp. from $32.00 to $38.00 in a research note to investors on Friday, November 1st. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $33.27.
National Instruments Corporation (NASDAQ:NATI) is engaged in designing, manufacturing and selling tools to engineers and scientists.
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