DexCom VP Unloads $163,920 in Stock (DXCM)
DexCom (NASDAQ:DXCM) VP Richard Doubleday unloaded 4,000 shares of the company’s stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $40.98, for a total value of $163,920.00. Following the completion of the transaction, the vice president now directly owns 126,136 shares of the company’s stock, valued at approximately $5,169,053. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
DexCom (NASDAQ:DXCM) traded up 0.17% during mid-day trading on Wednesday, hitting $40.81. 519,563 shares of the company’s stock traded hands. 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 released its earnings data on Thursday, May 1st. The company reported ($0.17) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted ($0.16) earnings per share. DexCom’s revenue was up 59.1% compared to the same quarter last year. Analysts expect that DexCom will post $-0.33 EPS for the current fiscal year.
DXCM has been the subject of a number of recent research reports. 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 equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. DexCom has a consensus rating of “Hold” and an average price target of $39.80.
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.
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