Insider Selling: Keensight Capital Unloads 732,000 Shares of LDR Holding Corp Stock (LDRH)
LDR Holding Corp (NASDAQ:LDRH) major shareholder Keensight Capital sold 732,000 shares of LDR Holding Corp stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $24.50, for a total transaction of $17,934,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of LDR Holding Corp (NASDAQ:LDRH) traded up 0.44% during mid-day trading on Wednesday, hitting $23.02. The stock had a trading volume of 153,586 shares. LDR Holding Corp has a 52 week low of $17.79 and a 52 week high of $40.39. The stock has a 50-day moving average of $25.64 and a 200-day moving average of $26.71. The company’s market cap is $556.4 million.
LDR Holding Corp (NASDAQ:LDRH) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.15) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.17) by $0.02. The company had revenue of $31.07 million for the quarter, compared to the consensus estimate of $30.13 million. The company’s quarterly revenue was up 20.2% on a year-over-year basis. On average, analysts predict that LDR Holding Corp will post $-0.50 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of LDR Holding Corp from $25.00 to $34.00 in a research note on Friday, February 28th. Separately, analysts at Piper Jaffray raised their price target on shares of LDR Holding Corp from $27.00 to $33.00 in a research note on Friday, February 28th. Finally, analysts at JMP Securities raised their price target on shares of LDR Holding Corp to $34.00 in a research note on Friday, February 28th. They now have an “outperform” rating on the stock. Three research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of $33.67.
LDR Holding Corporation is a global medical device company focused on designing and commercializing novel and surgical technologies for the treatment of patients suffering from spine disorders.
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