Insider Selling: Robert Willett Sells 6,750 Shares of Cognex Stock (CGNX)
Cognex (NASDAQ:CGNX) CEO Robert Willett sold 6,750 shares of Cognex stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $42.94, for a total transaction of $289,845.00. The sale was disclosed in a filing 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. The stock currently has a consensus rating of “Hold” and an average target price of $50.28.
Shares of Cognex (NASDAQ:CGNX) traded up 0.56% on Wednesday, hitting $42.98. The stock had a trading volume of 305,171 shares. Cognex has a 52-week low of $27.07 and a 52-week high of $45.80. The stock’s 50-day moving average is $40.37 and its 200-day moving average is $37.13. The company has a market cap of $3.728 billion and a P/E ratio of 44.52.
Cognex (NASDAQ:CGNX) last announced its earnings results on Monday, July 28th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. Analysts expect that Cognex will post $1.33 EPS 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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