Insider Selling: Cardiovascular Systems Insider Unloads $93,719 in Stock (CSII)
Cardiovascular Systems (NASDAQ:CSII) Insider Robert J. Thatcher sold 3,225 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $29.06, for a total transaction of $93,718.50. Following the transaction, the insider now directly owns 102,771 shares of the company’s stock, valued at approximately $2,986,525. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Cardiovascular Systems (NASDAQ:CSII) traded up 1.84% during mid-day trading on Monday, hitting $29.87. 166,076 shares of the company’s stock traded hands. Cardiovascular Systems has a one year low of $18.83 and a one year 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 posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.31) EPS for the quarter, missing the Thomson Reuters 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 quarterly revenue 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.
CSII has been the subject of a number of recent research reports. 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 investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $40.67.
Cardiovascular Systems, Inc (NASDAQ:CSII) is a medical device company.
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