Insider Selling: Robert Willett Sells 6,750 Shares of Cognex Stock (CGNX)
Cognex (NASDAQ:CGNX) CEO Robert Willett sold 6,750 shares of the stock on the open market in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $42.94, for a total value of $289,845.00. The sale was disclosed in a legal filing with the SEC, which is available at 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 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. The stock presently has a consensus rating of “Hold” and a consensus target price of $50.28.
Shares of Cognex (NASDAQ:CGNX) traded up 0.67% during mid-day trading on Friday, hitting $43.30. 68,153 shares of the company’s stock traded hands. Cognex has a one year low of $27.07 and a one year high of $45.80. The stock has a 50-day moving average of $40.63 and a 200-day moving average of $37.19. The company has a market cap of $3.756 billion and a price-to-earnings ratio of 44.80.
Cognex (NASDAQ:CGNX) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.29 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.38 earnings per share. Cognex’s revenue was up 25.8% compared to the same quarter last year. On average, analysts predict that Cognex will post $1.33 earnings per share 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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