Insider Selling: Align Technology CFO Unloads 4,600 Shares of Stock (ALGN)
Align Technology (NASDAQ:ALGN) CFO David L. White unloaded 4,600 shares of Align Technology stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $54.42, for a total value of $250,332.00. Following the transaction, the chief financial officer now directly owns 6,426 shares of the company’s stock, valued at approximately $349,703. The sale was disclosed in a filing with the SEC, which is available at this link.
Align Technology (NASDAQ:ALGN) traded down 1.10% on Thursday, hitting $54.485. 353,795 shares of the company’s stock traded hands. Align Technology has a one year low of $41.83 and a one year high of $65.10. The stock has a 50-day moving average of $54.28 and a 200-day moving average of $53.17. The company has a market cap of $4.402 billion and a P/E ratio of 31.68.
Align Technology (NASDAQ:ALGN) last announced its earnings results on Thursday, July 24th. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.04. The company had revenue of $192.53 million for the quarter, compared to the consensus estimate of $185.80 million. During the same quarter last year, the company posted $0.36 earnings per share. Align Technology’s revenue was up 17.5% compared to the same quarter last year. Analysts expect that Align Technology will post $1.77 EPS for the current fiscal year.
Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Align Technology in a research note on Friday, July 25th. They now have a $60.00 price target on the stock, up previously from $55.00. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Align Technology presently has a consensus rating of “Buy” and an average price target of $62.71.
Align Technology, Inc (NASDAQ:ALGN), designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services used in dentistry, orthodontics, and dental records storage.
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