Insider Selling: Cyberonics CEO Sells 4,750 Shares of Stock (CYBX)
Cyberonics (NASDAQ:CYBX) CEO Daniel Jeffrey Moore sold 4,750 shares of the company’s stock on the open market in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $57.20, for a total transaction of $271,700.00. Following the completion of the sale, the chief executive officer now directly owns 161,051 shares in the company, valued at approximately $9,212,117. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Cyberonics (NASDAQ:CYBX) traded up 2.47% on Monday, hitting $60.12. The stock had a trading volume of 93,819 shares. Cyberonics has a one year low of $49.65 and a one year high of $73.52. The stock’s 50-day moving average is $60.82 and its 200-day moving average is $65.05. The company has a market cap of $1.612 billion and a P/E ratio of 29.33.
Cyberonics (NASDAQ:CYBX) last released its earnings data on Wednesday, June 4th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.54 by $0.01. The company had revenue of $74.80 million for the quarter, compared to the consensus estimate of $76.70 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. Analysts expect that Cyberonics will post $2.37 EPS for the current fiscal year.
CYBX has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Cyberonics in a research note on Thursday. They now have a $70.00 price target on the stock, down previously from $85.00. Separately, analysts at Canaccord Genuity cut their price target on shares of Cyberonics from $73.00 to $63.00 in a research note on Thursday. They now have a “buy” rating on the stock. Finally, 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. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $70.50.
Cyberonics, Inc (NASDAQ:CYBX) is a medical device company.
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