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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.

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