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Cognex (NASDAQ:CGNX) CEO Robert Willett sold 1,300 shares of Cognex stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $35.00, for a total value of $45,500.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of Cognex (NASDAQ:CGNX) traded down 1.54% on Tuesday, hitting $33.18. 450,849 shares of the company’s stock traded hands. Cognex has a 52-week low of $21.00 and a 52-week high of $40.14. The stock’s 50-day moving average is $34.37 and its 200-day moving average is $35.12. The company has a market cap of $2.883 billion and a P/E ratio of 39.19.

Cognex (NASDAQ:CGNX) last announced its earnings results on Wednesday, April 30th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.01. The company had revenue of $90.90 million for the quarter, compared to the consensus estimate of $91.15 million. Analysts expect that Cognex will post $1.14 EPS for the current fiscal year.

Separately, analysts at Credit Agricole downgraded shares of Cognex from an “outperform” rating to an “underperform” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Cognex currently 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 that capture and analyze visual information in order to automate tasks, primarily in manufacturing processes, where vision is required.

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