DexCom EVP Sells $535,920 in Stock (DXCM)
DexCom (NASDAQ:DXCM) EVP Steven Robert Pacelli unloaded 14,000 shares of DexCom stock on the open market in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $38.28, for a total transaction of $535,920.00. Following the transaction, the executive vice president now directly owns 241,399 shares in the company, valued at approximately $9,240,754. The transaction was disclosed in a filing with the SEC, which is available at this link.
DexCom (NASDAQ:DXCM) traded down 0.18% on Thursday, hitting $38.43. The stock had a trading volume of 557,031 shares. DexCom has a 1-year low of $21.76 and a 1-year high of $49.83. The stock’s 50-day moving average is $38.03 and its 200-day moving average is $38.27. The company’s market cap is $2.879 billion.
DexCom (NASDAQ:DXCM) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.17) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.08) by $0.09. The company had revenue of $47.10 million for the quarter, compared to the consensus estimate of $44.15 million. During the same quarter last year, the company posted ($0.16) earnings per share. DexCom’s revenue was up 59.1% compared to the same quarter last year. Analysts expect that DexCom will post $-0.33 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of DexCom in a research note on Friday, June 27th. They now have a $42.00 price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of DexCom from $38.00 to $40.00 in a research note on Tuesday, June 17th. They now have a “buy” rating on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of DexCom in a research note on Friday, May 2nd. They now have a $44.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $39.60.
DexCom, Inc (NASDAQ:DXCM) is a medical device company focused on the design, development and commercialization of continuous glucose monitoring systems for ambulatory use by people with diabetes and for use by healthcare providers in the hospital for the treatment of both diabetic and non-diabetic patients.
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