Volcano EVP Sells $40,329 in Stock (VOLC)
Volcano (NASDAQ:VOLC) EVP Heather S. Ace unloaded 2,211 shares of the company’s stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $18.24, for a total transaction of $40,328.64. Following the completion of the sale, the executive vice president now directly owns 10,990 shares in the company, valued at approximately $200,458. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Volcano (NASDAQ:VOLC) traded down 0.16% on Monday, hitting $18.31. The stock had a trading volume of 143,398 shares. Volcano has a 52 week low of $16.54 and a 52 week high of $24.62. The stock has a 50-day moving average of $17.6 and a 200-day moving average of $20.32. The company’s market cap is $938.0 million.
Volcano (NASDAQ:VOLC) last posted its quarterly earnings results on Friday, May 2nd. The company reported ($0.12) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.11) by $0.01. The company had revenue of $94.50 million for the quarter, compared to the consensus estimate of $94.69 million. During the same quarter last year, the company posted $0.02 earnings per share. Volcano’s revenue was up 1.4% compared to the same quarter last year. On average, analysts predict that Volcano will post $-0.19 earnings per share for the current fiscal year.
VOLC has been the subject of a number of recent research reports. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Volcano in a research note on Wednesday, May 28th. They now have a $18.00 price target on the stock, down previously from $21.00. Separately, analysts at Feltl & Co. upgraded shares of Volcano from a “hold” rating to a “buy” rating in a research note on Monday, May 5th. Finally, analysts at BMO Capital Markets cut their price target on shares of Volcano from $22.00 to $19.00 in a research note on Monday, May 5th. They now have a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. Volcano presently has a consensus rating of “Hold” and an average price target of $22.70.
Volcano Corporation (NASDAQ:VOLC) designs, develops, manufactures and commercializes a range of precision guided therapy tools, including intravascular ultrasound (IVUS), and fractional flow reserve (FFR), products.
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