Insider Selling: Cardiovascular Systems CFO Sells 6,578 Shares of Stock (CSII)
Cardiovascular Systems (NASDAQ:CSII) CFO Laurence L. Betterley unloaded 6,578 shares of Cardiovascular Systems stock on the open market in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $29.02, for a total transaction of $190,893.56. Following the completion of the sale, the chief financial officer now directly owns 198,741 shares in the company, valued at approximately $5,767,464. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Benchmark Co. raised their price target on shares of Cardiovascular Systems from $38.00 to $42.00 in a research note on Thursday, August 7th. They now have a “buy” rating on the stock. Analysts at Needham & Company LLC raised their price target on shares of Cardiovascular Systems from $37.00 to $38.00 in a research note on Thursday, August 7th. They now have a “strong-buy” rating on the stock. Four research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Cardiovascular Systems presently has a consensus rating of “Buy” and an average price target of $40.67.
Cardiovascular Systems (NASDAQ:CSII) traded up 1.84% on Monday, hitting $29.87. 166,076 shares of the company’s stock traded hands. Cardiovascular Systems has a 52-week low of $18.83 and a 52-week high of $37.73. The stock’s 50-day moving average is $28.88 and its 200-day moving average is $30.32. The company’s market cap is $924.7 million.
Cardiovascular Systems (NASDAQ:CSII) last announced its earnings results on Wednesday, August 6th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by $0.03. The company had revenue of $39.56 million for the quarter, compared to the consensus estimate of $37.21 million. The company’s revenue for the quarter was up 37.3% on a year-over-year basis. Analysts expect that Cardiovascular Systems will post $-1.11 EPS for the current fiscal year.
Cardiovascular Systems, Inc (NASDAQ:CSII) is a medical device company.
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