Insider Selling: Jay T. Flatley Unloads 30,000 Shares of Illumina Stock (ILMN)
Illumina (NASDAQ:ILMN) CEO Jay T. Flatley unloaded 30,000 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $172.56, for a total transaction of $5,176,800.00. Following the transaction, the chief executive officer now directly owns 381,262 shares of the company’s stock, valued at approximately $65,790,571. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Illumina from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 24th. They now have a $205.00 price target on the stock. Separately, analysts at Ned Davis Research upgraded shares of Illumina from a “sell” rating to a “neutral” rating in a research note on Monday, April 28th. Finally, analysts at Maxim Group upgraded shares of Illumina from a “hold” rating to a “buy” rating in a research note on Wednesday, April 23rd. They now have a $205.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $150.97.
Shares of Illumina (NASDAQ:ILMN) traded up 1.52% during mid-day trading on Friday, hitting $176.64. 701,581 shares of the company’s stock traded hands. Illumina has a 52-week low of $72.77 and a 52-week high of $184.49. The stock’s 50-day moving average is $170.1 and its 200-day moving average is $152.1. The company has a market cap of $22.680 billion and a P/E ratio of 122.36.
Illumina (NASDAQ:ILMN) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.45 by $0.01. The company had revenue of $421.00 million for the quarter, compared to the consensus estimate of $391.50 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 27.2% on a year-over-year basis. Analysts expect that Illumina will post $2.17 EPS for the current fiscal year.
Illumina, Inc (NASDAQ:ILMN) is a developer and manufacturer of life science tools and integrated systems for the analysis of genetic variation and function.
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