Cognex CEO Sells $991,218 in Stock (CGNX)
Cognex (NASDAQ:CGNX) CEO Robert Willett sold 22,750 shares of the stock on the open market in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $43.57, for a total value of $991,217.50. The sale was disclosed in a filing with the SEC, which can be accessed through 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 equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $50.28.
Cognex (NASDAQ:CGNX) traded down 0.23% during mid-day trading on Tuesday, hitting $43.20. The stock had a trading volume of 324,855 shares. Cognex has a 1-year low of $27.07 and a 1-year high of $45.80. The stock’s 50-day moving average is $40.80 and its 200-day moving average is $37.27. The company has a market cap of $3.747 billion and a price-to-earnings ratio of 45.10.
Cognex (NASDAQ:CGNX) last posted its quarterly earnings results 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.