Insider Selling: Cyberonics CEO Sells 7,000 Shares of Stock (CYBX)
Cyberonics (NASDAQ:CYBX) CEO Daniel Jeffrey Moore unloaded 7,000 shares of Cyberonics stock on the open market in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $60.74, for a total transaction of $425,180.00. Following the completion of the sale, the chief executive officer now directly owns 161,569 shares in the company, valued at approximately $9,813,701. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
CYBX has been the subject of a number of recent research reports. Analysts at Sterne Agee initiated coverage on shares of Cyberonics in a research note on Tuesday, June 24th. They set a “buy” rating and a $65.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Cyberonics in a research note on Tuesday, June 10th. They now have a $70.00 price target on the stock, down previously from $80.00. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Cyberonics in a research note on Thursday, June 5th. They now have a $70.00 price target on the stock, down previously from $85.00. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Cyberonics currently has an average rating of “Buy” and a consensus target price of $67.00.
Cyberonics (NASDAQ:CYBX) opened at 62.06 on Thursday. Cyberonics has a one year low of $49.65 and a one year high of $73.52. The stock has a 50-day moving average of $60. and a 200-day moving average of $62.. The company has a market cap of $1.655 billion and a price-to-earnings ratio of 31.03.
Cyberonics (NASDAQ:CYBX) last released its earnings data on Thursday, August 21st. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by $0.02. The company had revenue of $72.00 million for the quarter, compared to the consensus estimate of $74.10 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts predict that Cyberonics will post $2.36 earnings per share for the current fiscal year.
Cyberonics, Inc (NASDAQ:CYBX) is a medical device company.
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