Align Technology VP Timothy A. Mack Sells 16,333 Shares (ALGN)
Align Technology (NASDAQ:ALGN) VP Timothy A. Mack unloaded 16,333 shares of Align Technology stock on the open market in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $55.06, for a total transaction of $899,294.98. The transaction was disclosed in a filing 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 Credit Suisse reiterated a “neutral” rating on shares of Align Technology in a research note on Thursday, April 24th. They now have a $58.00 price target on the stock. Separately, analysts at Cantor Fitzgerald reiterated a “positive” rating on shares of Align Technology in a research note on Thursday, April 24th. Finally, analysts at Zacks downgraded shares of Align Technology from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 10th. They now have a $57.00 price target on the stock. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $61.00.
Align Technology (NASDAQ:ALGN) traded down 0.93% on Friday, hitting $54.61. The stock had a trading volume of 1,290,553 shares. Align Technology has a one year low of $33.84 and a one year high of $65.10. The stock’s 50-day moving average is $51.0 and its 200-day moving average is $54.51. The company has a market cap of $4.458 billion and a price-to-earnings ratio of 32.91.
Align Technology (NASDAQ:ALGN) last announced its earnings results on Wednesday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. The company had revenue of $180.60 million for the quarter, compared to the consensus estimate of $177.57 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, analysts predict that Align Technology will post $1.74 earnings per share 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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