Cognex Corp. Director Unloads $224,640 in Stock (CGNX)
Cognex Corp. (NASDAQ:CGNX) Director Reuben Wasserman sold 6,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $37.44, for a total value of $224,640.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Cognex Corp. (NASDAQ:CGNX) traded down 0.40% during mid-day trading on Tuesday, hitting $37.25. The stock had a trading volume of 310,602 shares. Cognex Corp. has a 52 week low of $18.435 and a 52 week high of $40.14. The stock has a 50-day moving average of $38.08 and a 200-day moving average of $33.20. The company has a market cap of $3.235 billion and a P/E ratio of 45.06.
Cognex Corp. (NASDAQ:CGNX) last released its earnings data on Thursday, February 13th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.03. The company had revenue of $95.70 million for the quarter, compared to the consensus estimate of $94.67 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. Analysts expect that Cognex Corp. will post $1.01 EPS for the current fiscal year.
CGNX has been the subject of a number of recent research reports. Analysts at Thomson Reuters/Verus upgraded shares of Cognex Corp. from a “hold” rating to a “buy” rating in a research note on Monday. Separately, analysts at EVA Dimensions LLC upgraded shares of Cognex Corp. from an “underweight” rating to a “hold” rating in a research note on Friday. Finally, analysts at Credit Agricole downgraded shares of Cognex Corp. from an “outperform” rating to an “underperform” rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $52.50.
Cognex Corporation (NASDAQ:CGNX) is a provider of machine vision products, which capture and analyze visual information in order to automate tasks, in manufacturing processes, where vision is required.
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