Insider Selling: Cyberonics CFO Unloads 1,500 Shares of Stock (CYBX)
Cyberonics (NASDAQ:CYBX) CFO Gregory H. Browne sold 1,500 shares of the company’s stock on the open market in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $59.23, for a total value of $88,845.00. Following the completion of the sale, the chief financial officer now directly owns 61,942 shares in the company, valued at approximately $3,668,825. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Cyberonics (NASDAQ:CYBX) opened at 61.435 on Tuesday. Cyberonics has a 1-year low of $45.12 and a 1-year high of $73.52. The stock has a 50-day moving average of $61.87 and a 200-day moving average of $64.90. The company has a market cap of $1.649 billion and a price-to-earnings ratio of 35.31.
Cyberonics (NASDAQ:CYBX) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.49 by $0.02. The company had revenue of $68.20 million for the quarter, compared to the consensus estimate of $69.65 million. On average, analysts predict that Cyberonics will post $2.04 earnings per share for the current fiscal year.
CYBX has been the subject of a number of recent research reports. Analysts at BTIG Research initiated coverage on shares of Cyberonics in a research note on Thursday, April 24th. They set a “neutral” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Cyberonics in a research note on Wednesday, April 2nd. They now have a $69.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Cyberonics in a research note on Friday, February 21st. They now have a $85.00 price target on the stock, up previously from $80.00. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $64.57.
Cyberonics, Inc (NASDAQ:CYBX) is a medical device company.
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