Insider Selling: DexCom EVP Sells 30,000 Shares of Stock (DXCM)
DexCom (NASDAQ:DXCM) EVP Steven Robert Pacelli sold 30,000 shares of the stock on the open market in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $44.56, for a total transaction of $1,336,800.00. Following the completion of the transaction, the executive vice president now directly owns 241,399 shares of the company’s stock, valued at approximately $10,756,739. The transaction was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of DexCom in a research note on Friday, August 8th. They now have a $46.00 price target on the stock. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of DexCom in a research note on Thursday, August 7th. They now have a $46.00 price target on the stock, up previously from $44.00. Finally, analysts at Canaccord Genuity raised their price target on shares of DexCom from $40.00 to $48.00 in a research note on Thursday, August 7th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $41.00.
DexCom (NASDAQ:DXCM) traded down 1.55% on Wednesday, hitting $45.18. The stock had a trading volume of 663,270 shares. DexCom has a 1-year low of $25.49 and a 1-year high of $49.83. The stock’s 50-day moving average is $40.11 and its 200-day moving average is $39.03. The company’s market cap is $3.410 billion.
DexCom (NASDAQ:DXCM) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.09) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.10) by $0.01. The company had revenue of $58.80 million for the quarter, compared to the consensus estimate of $52.45 million. During the same quarter in the prior year, the company posted ($0.14) earnings per share. The company’s quarterly revenue was up 64.2% on a year-over-year basis. On average, analysts predict that DexCom will post $-0.32 earnings per share for the current fiscal year.
DexCom, Inc (NASDAQ:DXCM) is a medical device company focused on the design, development and commercialization of continuous glucose monitoring systems for ambulatory use by people with diabetes and for use by healthcare providers in the hospital for the treatment of both diabetic and non-diabetic patients.
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