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Align Technology (NASDAQ:ALGN) VP Timothy A. Mack sold 12,761 shares of Align Technology stock on the open market in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $54.73, for a total value of $698,409.53. Following the completion of the transaction, the vice president now directly owns 67 shares in the company, valued at approximately $3,667. 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 1.01% on Wednesday, hitting $54.67. The stock had a trading volume of 930,899 shares. Align Technology has a one year low of $29.53 and a one year high of $65.10. The stock’s 50-day moving average is $58.84 and its 200-day moving average is $51.59. The company has a market cap of $4.397 billion and a P/E ratio of 70.81.

Align Technology (NASDAQ:ALGN) last announced its earnings results on Friday, January 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.08. The company had revenue of $178.30 million for the quarter, compared to the consensus estimate of $172.24 million. On average, analysts predict that Align Technology will post $1.74 earnings per share for the current fiscal year.

ALGN has been the subject of a number of recent research reports. Analysts at Roth Capital raised their price target on shares of Align Technology from $56.00 to $66.00 in a research note to investors on Friday, January 31st. Separately, analysts at JMP Securities raised their price target on shares of Align Technology from $64.00 to $74.00 in a research note to investors on Friday, January 31st. Finally, analysts at Stifel Nicolaus raised their price target on shares of Align Technology from $60.00 to $65.00 in a research note to investors on Wednesday, January 29th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Align Technology has an average rating of “Hold” and a consensus price target of $60.13.

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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