Insider Selling: DexCom COO Sells 20,000 Shares of Stock (DXCM)
DexCom (NASDAQ:DXCM) COO Kevin R. Sayer unloaded 20,000 shares of the company’s stock on the open market in a transaction dated Monday, August 11th. The shares were sold at an average price of $43.82, for a total transaction of $876,400.00. Following the transaction, the chief operating officer now directly owns 424,924 shares in the company, valued at approximately $18,620,170. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on DXCM. Analysts at Zacks reiterated a “neutral” rating on shares of DexCom in a research note on Friday, August 8th. They now have a $46.00 price target on the stock. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of DexCom in a research note on Thursday, August 7th. They now have a $46.00 price target on the stock, up previously from $44.00. Finally, analysts at Canaccord Genuity raised their price target on shares of DexCom from $40.00 to $48.00 in a research note on Thursday, August 7th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. DexCom currently has a consensus rating of “Hold” and a consensus target price of $41.00.
Shares of DexCom (NASDAQ:DXCM) traded down 0.71% on Friday, hitting $43.62. 451,070 shares of the company’s stock traded hands. DexCom has a 52-week low of $25.49 and a 52-week high of $49.83. The stock’s 50-day moving average is $39.1 and its 200-day moving average is $38.74. The company’s market cap is $3.292 billion.
DexCom (NASDAQ:DXCM) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.09) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.10) by $0.01. The company had revenue of $58.80 million for the quarter, compared to the consensus estimate of $52.45 million. During the same quarter last year, the company posted ($0.14) earnings per share. DexCom’s revenue was up 64.2% compared to the same quarter last year. Analysts expect that DexCom will post $-0.32 EPS for the current fiscal year.
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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