Insider Selling: InvenSense VP Sells 10,000 Shares of Stock (INVN)
InvenSense (NASDAQ:INVN) VP Stephen Lloyd sold 10,000 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $19.50, for a total value of $195,000.00. Following the sale, the vice president now directly owns 37,000 shares of the company’s stock, valued at approximately $721,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of InvenSense (NASDAQ:INVN) traded up 5.84% on Monday, hitting $19.58. The stock had a trading volume of 2,528,728 shares. InvenSense has a one year low of $9.09 and a one year high of $21.82. The stock’s 50-day moving average is $19.58 and its 200-day moving average is $18.08. The company has a market cap of $1.714 billion and a P/E ratio of 44.15.
InvenSense (NASDAQ:INVN) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.12 by $0.03. The company had revenue of $66.70 million for the quarter, compared to the consensus estimate of $66.84 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. On average, analysts predict that InvenSense will post $0.60 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs reiterated a “buy” rating on shares of InvenSense in a research note to investors on Thursday, January 30th. Separately, analysts at Oppenheimer raised their price target on shares of InvenSense from $1.00 to $20.00 in a research note to investors on Thursday, January 30th. Finally, analysts at Pacific Crest raised their price target on shares of InvenSense from $19.00 to $20.00 in a research note to investors on Thursday, January 30th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $21.40.
InvenSense, Inc designs and fabricates micro-electro-mechanical systems (NASDAQ:INVN) technologies.
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