InvenSense CFO Alan Krock Sells 1,666 Shares (INVN)
InvenSense (NASDAQ:INVN) CFO Alan Krock sold 1,666 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $24.70, for a total value of $41,150.20. Following the completion of the sale, the chief financial officer now directly owns 5,424 shares of the company’s stock, valued at approximately $133,973. The sale was disclosed in a document filed with the SEC, which is available at this link.
InvenSense (NASDAQ:INVN) traded up 0.93% during mid-day trading on Tuesday, hitting $25.00. The stock had a trading volume of 2,030,907 shares. InvenSense has a 52-week low of $15.20 and a 52-week high of $26.78. The stock has a 50-day moving average of $23.84 and a 200-day moving average of $21.56. The company’s market cap is $2.222 billion.
InvenSense (NASDAQ:INVN) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.08. The company had revenue of $66.70 million for the quarter, compared to the consensus estimate of $64.57 million. During the same quarter last year, the company posted $0.14 earnings per share. InvenSense’s revenue was up 19.3% compared to the same quarter last year. Analysts expect that InvenSense will post $0.77 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs downgraded shares of InvenSense from a “buy” rating to a “neutral” rating in a research note on Monday. They now have a $25.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Canaccord Genuity initiated coverage on shares of InvenSense in a research note on Friday, August 8th. They set a “buy” rating and a $29.00 price target on the stock. Finally, analysts at Needham & Company LLC raised their price target on shares of InvenSense from $22.00 to $28.00 in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. InvenSense currently has an average rating of “Buy” and an average price target of $27.47.
InvenSense, Inc (NASDAQ:INVN) is a provider of intelligent motion processing solutions.
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