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Cognex (NASDAQ:CGNX) CFO Richard Morin unloaded 23,400 shares of Cognex stock on the open market in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $43.06, for a total transaction of $1,007,604.00. Following the sale, the chief financial officer now directly owns 1,998 shares in the company, valued at approximately $86,034. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Separately, analysts at Zacks upgraded shares of Cognex from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 29th. They now have a $41.40 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Cognex currently has an average rating of “Hold” and an average price target of $50.28.

Cognex (NASDAQ:CGNX) traded down 1.43% during mid-day trading on Tuesday, hitting $42.11. The stock had a trading volume of 235,973 shares. Cognex has a 52-week low of $27.07 and a 52-week high of $45.80. The stock has a 50-day moving average of $39.7 and a 200-day moving average of $36.94. The company has a market cap of $3.653 billion and a P/E ratio of 44.50.

Cognex (NASDAQ:CGNX) last announced its earnings results on Monday, July 28th. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.07. The company had revenue of $108.80 million for the quarter, compared to the consensus estimate of $103.30 million. During the same quarter last year, the company posted $0.38 earnings per share. Cognex’s revenue was up 25.8% compared to the same quarter last year. On average, analysts predict that Cognex will post $1.33 earnings per share for the current fiscal year.

Cognex Corporation (NASDAQ:CGNX) is a provider of machine vision products that capture and analyze visual information in order to automate tasks, primarily in manufacturing processes, where vision is required.

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