DexCom EVP Sells $574,280 in Stock (DXCM)
DexCom (NASDAQ:DXCM) EVP Steven Robert Pacelli sold 14,000 shares of DexCom stock on the open market in a transaction dated Monday, June 23rd. The shares were sold at an average price of $41.02, for a total value of $574,280.00. Following the completion of the sale, the executive vice president now directly owns 241,399 shares of the company’s stock, valued at approximately $9,902,187. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on DXCM shares. Analysts at Canaccord Genuity raised their price target on shares of DexCom from $38.00 to $40.00 in a research note on Tuesday, June 17th. They now have a “buy” rating on the stock. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of DexCom in a research note on Friday, May 2nd. They now have a $44.00 price target on the stock. Finally, analysts at Leerink Swann reiterated a “market perform” rating on shares of DexCom in a research note on Friday, May 2nd. They now have a $33.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $39.80.
DexCom (NASDAQ:DXCM) traded up 0.17% during mid-day trading on Wednesday, hitting $40.81. The stock had a trading volume of 519,563 shares. DexCom has a 52 week low of $21.76 and a 52 week high of $49.83. The stock’s 50-day moving average is $35.03 and its 200-day moving average is $37.84. The company’s market cap is $3.057 billion.
DexCom (NASDAQ:DXCM) last announced its earnings results on Thursday, May 1st. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by $0.09. The company had revenue of $47.10 million for the quarter, compared to the consensus estimate of $44.15 million. During the same quarter in the previous year, the company posted ($0.16) earnings per share. The company’s revenue for the quarter was up 59.1% on a year-over-year basis. On average, analysts predict that DexCom will post $-0.33 earnings per share for the current fiscal year.
DexCom, Inc (NASDAQ:DXCM) is a medical device company focused on the design, development and commercialization of continuous glucose monitoring systems for ambulatory use by people with diabetes and for use by healthcare providers in the hospital for the treatment of both diabetic and non-diabetic patients.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.