Insider Selling: Michael Gamson Sells 10,000 Shares of LinkedIn Corp Stock (LNKD)
LinkedIn Corp (NYSE:LNKD) SVP Michael Gamson sold 10,000 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $219.35, for a total transaction of $2,193,500.00. Following the transaction, the senior vice president now directly owns 33,539 shares of the company’s stock, valued at approximately $7,356,780. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on LNKD shares. Analysts at Stifel Nicolaus initiated coverage on shares of LinkedIn Corp in a research note on Wednesday, August 13th. They set a “buy” rating and a $250.00 price target on the stock. Separately, analysts at Piper Jaffray raised their price target on shares of LinkedIn Corp from $270.00 to $282.00 in a research note on Friday, August 1st. Finally, analysts at Wedbush raised their price target on shares of LinkedIn Corp from $170.00 to $200.00 in a research note on Friday, August 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $234.50.
LinkedIn Corp (NYSE:LNKD) traded down 0.89% on Tuesday, hitting $216.71. The stock had a trading volume of 2,044,761 shares. LinkedIn Corp has a 1-year low of $136.02 and a 1-year high of $257.56. The stock has a 50-day moving average of $182.5 and a 200-day moving average of $178.4. The company’s market cap is $26.636 billion.
LinkedIn Corp (NYSE:LNKD) last announced its earnings results on Thursday, July 31st. The company reported $0.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.12. The company had revenue of $534.00 million for the quarter, compared to the consensus estimate of $511.03 million. During the same quarter last year, the company posted $0.38 earnings per share. LinkedIn Corp’s revenue was up 46.8% compared to the same quarter last year. Analysts expect that LinkedIn Corp will post $1.87 EPS for the current fiscal year.
LinkedIn Corporation (NYSE:LNKD), is a professional network on the Internet with approximately 277 million members in over 200 countries and territories.
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