Insider Selling: Align Technology Director Sells 18,000 Shares of Stock (ALGN)
Align Technology (NASDAQ:ALGN) Director Warren S. Thaler unloaded 18,000 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $54.75, for a total value of $985,500.00. Following the transaction, the director now directly owns 33,900 shares in the company, valued at approximately $1,856,025. The transaction was disclosed in a document filed with the SEC, which is available at this link.
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 $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 research 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. The stock presently has a consensus rating of “Hold” and a consensus target price of $60.13.
Align Technology (NASDAQ:ALGN) traded down 1.01% during mid-day trading 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 issued its quarterly earnings data on Friday, January 31st. The company reported $0.51 earnings per share for the quarter, beating the analysts’ 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.
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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