Insider Selling: Nikesh Arora Sells 4,108 Shares of Google Stock (GOOG)
Google (NASDAQ:GOOG) SVP Nikesh Arora sold 4,108 shares of Google stock on the open market in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $550.00, for a total transaction of $2,259,400.00. Following the sale, the senior vice president now directly owns 1,463 shares of the company’s stock, valued at approximately $804,650. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on GOOG shares. Analysts at Nomura cut their price target on shares of Google from $700.00 to $675.00 in a research note on Wednesday, May 14th. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Google in a research note on Sunday, April 20th. They now have a $625.00 price target on the stock.
Google (NASDAQ:GOOG) traded up 1.91% on Wednesday, hitting $553.37. 1,737,343 shares of the company’s stock traded hands. Google has a 52-week low of $502.80 and a 52-week high of $604.83. The stock has a 50-day moving average of $540.5 and a 200-day moving average of $541.5. The company has a market cap of $373.2 billion and a price-to-earnings ratio of 28.45.
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