Insider Selling: Brooks Automation VP Sells 2,500 Shares of Stock (BRKS)
Brooks Automation (NASDAQ:BRKS) VP Jason Joseph sold 2,500 shares of the stock on the open market in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $10.30, for a total value of $25,750.00. Following the sale, the vice president now directly owns 140,578 shares in the company, valued at approximately $1,447,953. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
BRKS has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating in a research note on Friday, June 27th. They now have a $13.00 price target on the stock. Finally, analysts at B. Riley upgraded shares of Brooks Automation from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 27th. They now have a $12.50 price target on the stock, up previously from $9.50. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Brooks Automation has an average rating of “Buy” and a consensus price target of $12.23.
Shares of Brooks Automation (NASDAQ:BRKS) opened at 11.02 on Wednesday. Brooks Automation has a 52-week low of $8.74 and a 52-week high of $11.64. The stock’s 50-day moving average is $9.69 and its 200-day moving average is $10.31. The company has a market cap of $702.8 million and a price-to-earnings ratio of 50.33.
Brooks Automation (NASDAQ:BRKS) last released its earnings data on Thursday, May 8th. The company reported $0.08 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.08. The company had revenue of $125.90 million for the quarter, compared to the consensus estimate of $128.46 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was up 15.0% on a year-over-year basis. On average, analysts predict that Brooks Automation will post $0.26 earnings per share for the current fiscal year.
Brooks Automation, Inc (NASDAQ:BRKS) is a global provider of automation, vacuum and instrumentation solutions for multiple markets, including semiconductor manufacturing, technology device manufacturing and life sciences.
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