Insider Selling: National Instruments Corp. Director Sells 4,000 Shares of Stock (NATI)
National Instruments Corp. (NASDAQ:NATI) Director Jeffrey L. Kodosky unloaded 4,000 shares of the stock on the open market in a transaction dated Monday, July 7th. The stock was sold at an average price of $32.65, for a total value of $130,600.00. Following the completion of the sale, the director now directly owns 412,826 shares in the company, valued at approximately $13,478,769. The sale was disclosed in a legal filing with the SEC, which is available at this link.
NATI has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of National Instruments Corp. from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 1st. They now have a $33.20 price target on the stock. Separately, analysts at TheStreet upgraded shares of National Instruments Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, June 18th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $33.40.
National Instruments Corp. (NASDAQ:NATI) traded down 0.68% on Wednesday, hitting $32.32. The stock had a trading volume of 417,428 shares. National Instruments Corp. has a one year low of $26.25 and a one year high of $33.00. The stock has a 50-day moving average of $30. and a 200-day moving average of $29.51. The company has a market cap of $4.077 billion and a price-to-earnings ratio of 50.84.
National Instruments Corp. (NASDAQ:NATI) last released its earnings data on Tuesday, April 29th. The company reported $0.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.16 by $0.05. The company had revenue of $284.67 million for the quarter, compared to the consensus estimate of $291.15 million. During the same quarter last year, the company posted $0.21 earnings per share. National Instruments Corp.’s revenue was down .6% compared to the same quarter last year. On average, analysts predict that National Instruments Corp. will post $0.81 earnings per share for the current fiscal year.
National Instruments Corporation (NASDAQ:NATI) is engaged in designing, manufacturing and selling tools to engineers and scientists.
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