Insider Selling: Cardiovascular Systems CEO Unloads 11,754 Shares of Stock (CSII)
Cardiovascular Systems (NASDAQ:CSII) CEO David Martin sold 11,754 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $29.28, for a total value of $344,157.12. Following the transaction, the chief executive officer now directly owns 408,894 shares in the company, valued at approximately $11,972,416. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Cardiovascular Systems (NASDAQ:CSII) traded up 0.38% on Wednesday, hitting $29.40. The stock had a trading volume of 100,833 shares. Cardiovascular Systems has a 1-year low of $18.83 and a 1-year high of $37.73. The stock has a 50-day moving average of $29.08 and a 200-day moving average of $30.42. The company’s market cap is $910.2 million.
Cardiovascular Systems (NASDAQ:CSII) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.31) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.28) by $0.03. The company had revenue of $39.56 million for the quarter, compared to the consensus estimate of $37.21 million. The company’s quarterly revenue was up 37.3% on a year-over-year basis. Analysts expect that Cardiovascular Systems will post $-1.11 EPS for the current fiscal year.
A number of analysts have recently weighed in on CSII shares. Analysts at Benchmark Co. raised their price target on shares of Cardiovascular Systems from $38.00 to $42.00 in a research note on Thursday, August 7th. They now have a “buy” rating on the stock. Analysts at Needham & Company LLC raised their price target on shares of Cardiovascular Systems from $37.00 to $38.00 in a research note on Thursday, August 7th. They now have a “strong-buy” rating on the stock. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Cardiovascular Systems presently has an average rating of “Buy” and a consensus target price of $40.67.
Cardiovascular Systems, Inc (NASDAQ:CSII) is a medical device company.
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