Insider Selling: John Patrick Graham Sells 7,046 Shares of Align Technology Stock (ALGN)
Align Technology (NASDAQ:ALGN) CMO John Patrick Graham unloaded 7,046 shares of Align Technology stock on the open market in a transaction dated Thursday, August 21st. The stock was sold at an average price of $54.41, for a total transaction of $383,372.86. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Align Technology (NASDAQ:ALGN) traded down 1.10% during mid-day trading on Thursday, hitting $54.485. The stock had a trading volume of 353,795 shares. Align Technology has a 52 week low of $41.83 and a 52 week high of $65.10. The stock’s 50-day moving average is $54.28 and its 200-day moving average is $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 (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price 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.