Insider Selling: Cyberonics CEO Sells 7,000 Shares of Stock (CYBX)
Cyberonics (NASDAQ:CYBX) CEO Daniel Jeffrey Moore sold 7,000 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $57.18, for a total transaction of $400,260.00. Following the sale, the chief executive officer now directly owns 167,569 shares in the company, valued at approximately $9,581,595. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Cyberonics (NASDAQ:CYBX) traded down 0.50% during mid-day trading on Wednesday, hitting $57.68. 268,947 shares of the company’s stock traded hands. Cyberonics has a 52-week low of $49.65 and a 52-week high of $73.52. The stock has a 50-day moving average of $60.12 and a 200-day moving average of $64.62. The company has a market cap of $1.547 billion and a price-to-earnings ratio of 28.99.
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 $2.36 EPS for the current fiscal year.
CYBX has been the subject of a number of recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of Cyberonics in a research note on Tuesday, June 10th. They now have a $70.00 price target on the stock, down previously from $80.00. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Cyberonics in a research note on Thursday, June 5th. They now have a $70.00 price target on the stock, down previously from $85.00. Finally, analysts at Canaccord Genuity cut their price target on shares of Cyberonics from $73.00 to $63.00 in a research note on Thursday, June 5th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Cyberonics currently has an average rating of “Buy” and a consensus price target of $68.00.
Cyberonics, Inc (NASDAQ:CYBX) is a medical device company.
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