Insulet General Counsel Sells $49,563 in Stock (PODD)
Insulet (NASDAQ:PODD) General Counsel R Anthony Diehl sold 1,250 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $39.65, for a total transaction of $49,562.50. Following the transaction, the general counsel now directly owns 47,875 shares of the company’s stock, valued at approximately $1,898,244. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Insulet (NASDAQ:PODD) opened at 41.11 on Friday. Insulet has a 1-year low of $30.18 and a 1-year high of $51.31. The stock’s 50-day moving average is $37.05 and its 200-day moving average is $40.95. The company’s market cap is $2.278 billion.
Insulet (NASDAQ:PODD) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $0.05. The company had revenue of $69.20 million for the quarter, compared to the consensus estimate of $68.47 million. During the same quarter in the previous year, the company posted ($0.20) earnings per share. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. On average, analysts predict that Insulet will post $-0.15 earnings per share for the current fiscal year.
PODD has been the subject of a number of recent research reports. Analysts at Barrington Research upgraded shares of Insulet from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 15th. They now have a $40.00 price target on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Insulet from $60.00 to $50.00 in a research note on Friday, May 9th. Finally, analysts at Leerink Swann cut their price target on shares of Insulet from $55.00 to $45.00 in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Insulet presently has an average rating of “Hold” and an average target price of $44.12.
Insulet Corporation is primarily engaged in the development, manufacturing and sale of its OmniPod Insulin Management System (NASDAQ:PODD).
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