Brooks Automation VP Sells $26,500 in Stock (BRKS)
Brooks Automation (NASDAQ:BRKS) VP Jason Joseph sold 2,500 shares of Brooks Automation stock on the open market in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $10.60, for a total transaction of $26,500.00. Following the sale, the vice president now directly owns 138,078 shares in the company, valued at approximately $1,463,627. The transaction was disclosed in a filing with the SEC, 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $12.23.
Shares of Brooks Automation (NASDAQ:BRKS) opened at 10.96 on Friday. Brooks Automation has a one year low of $8.74 and a one year high of $11.64. The stock’s 50-day moving average is $9.77 and its 200-day moving average is $10.32. The company has a market cap of $698.9 million and a price-to-earnings ratio of 50.79.
Brooks Automation (NASDAQ:BRKS) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.08 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.01 earnings per share. Brooks Automation’s revenue was up 15.0% compared to the same quarter last year. 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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