Insider Selling: Eric W. Strid Unloads 24,594 Shares of Cascade Microtech Stock (CSCD)
Cascade Microtech (NASDAQ:CSCD) Director Eric W. Strid sold 24,594 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $10.42, for a total value of $256,269.48. Following the sale, the director now directly owns 1,029,568 shares in the company, valued at approximately $10,728,099. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Cascade Microtech (NASDAQ:CSCD) traded up 4.82% during mid-day trading on Thursday, hitting $11.09. 83,954 shares of the company’s stock traded hands. Cascade Microtech has a 52-week low of $6.41 and a 52-week high of $11.39. The stock’s 50-day moving average is $10.1 and its 200-day moving average is $9.91. The company has a market cap of $180.0 million and a P/E ratio of 11.50.
Cascade Microtech (NASDAQ:CSCD) last released its earnings data on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. Analysts expect that Cascade Microtech will post $0.55 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at B. Riley initiated coverage on shares of Cascade Microtech in a research note on Wednesday, May 14th. They set a “buy” rating and a $14.00 price target on the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Cascade Microtech in a research note on Wednesday, April 30th. They now have a $12.50 price target on the stock, up previously from $11.00.
Cascade Microtech, Inc designs, develops, manufactures and markets wafer probing and test socket solutions for the electrical measurement and testing of chips.
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