Insider Selling: A Blaine Bowman Unloads 5,000 Shares of Illumina Stock (ILMN)
Illumina (NASDAQ:ILMN) Director A Blaine Bowman sold 5,000 shares of the stock on the open market in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $179.22, for a total transaction of $896,100.00. Following the sale, the director now directly owns 12,722 shares of the company’s stock, valued at approximately $2,280,037. The sale was disclosed in a document filed with the SEC, which is available at this link.
Illumina (NASDAQ:ILMN) traded up 0.87% on Tuesday, hitting $179.45. The stock had a trading volume of 897,822 shares. Illumina has a one year low of $72.77 and a one year high of $185.00. The stock’s 50-day moving average is $169.6 and its 200-day moving average is $161.1. The company has a market cap of $25.015 billion and a P/E ratio of 118.84.
Illumina (NASDAQ:ILMN) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.07. The company had revenue of $448.00 million for the quarter, compared to the consensus estimate of $426.50 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 29.5% on a year-over-year basis. Analysts expect that Illumina will post $2.29 EPS for the current fiscal year.
ILMN has been the subject of a number of recent research reports. Analysts at Wedbush upgraded shares of Illumina from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 20th. They now have a $200.00 price target on the stock, up previously from $165.00. Separately, analysts at Stifel Nicolaus initiated coverage on shares of Illumina in a research note on Monday, August 11th. They set a “buy” rating and a $200.00 price target on the stock. Finally, analysts at Goldman Sachs raised their price target on shares of Illumina from $184.00 to $187.00 in a research note on Tuesday, August 5th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $178.92.
Illumina, Inc (NASDAQ:ILMN) is a developer and manufacturer of life science tools and integrated systems for the analysis of genetic variation and function.
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