Insider Selling: Roger E. George Sells 19,474 Shares of Align Technology Stock (ALGN)
Align Technology (NASDAQ:ALGN) VP Roger E. George unloaded 19,474 shares of Align Technology stock on the open market in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $54.23, for a total value of $1,056,075.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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 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 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 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 given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $60.13.
Shares of Align Technology (NASDAQ:ALGN) traded down 1.57% on Tuesday, hitting $53.46. 903,383 shares of the company’s stock traded hands. Align Technology has a 52-week low of $29.53 and a 52-week high of $65.10. The stock has a 50-day moving average of $57.80 and a 200-day moving average of $52.67. The company has a market cap of $4.300 billion and a P/E ratio of 69.63.
Align Technology (NASDAQ:ALGN) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that Align Technology will post $1.74 EPS 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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