Insider Selling: Align Technology VP Unloads 10,875 Shares of Stock (ALGN)
Align Technology (NASDAQ:ALGN) VP Roger E. George sold 10,875 shares of Align Technology stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $55.85, for a total transaction of $607,368.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Align Technology in a research note on Friday, July 25th. They now have a $60.00 price target on the stock, up previously from $55.00. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Align Technology has an average rating of “Buy” and an average price target of $62.71.
Shares of Align Technology (NASDAQ:ALGN) traded down 1.28% on Thursday, hitting $54.79. 308,951 shares of the company’s stock traded hands. Align Technology has a 52-week low of $41.83 and a 52-week high of $65.10. The stock has a 50-day moving average of $54.27 and a 200-day moving average of $53.19. The company has a market cap of $4.427 billion and a P/E ratio of 31.91.
Align Technology (NASDAQ:ALGN) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.04. The company had revenue of $192.53 million for the quarter, compared to the consensus estimate of $185.80 million. During the same quarter last year, the company posted $0.36 earnings per share. Align Technology’s revenue was up 17.5% compared to the same quarter last year. On average, analysts predict that Align Technology will post $1.77 earnings per share for the current fiscal year.
Align Technology, Inc (NASDAQ:ALGN), designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services used in dentistry, orthodontics, and dental records storage.
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