Insider Selling: Salvatore Brogna Sells 12,626 Shares of Intuitive Surgical Stock (ISRG)
Intuitive Surgical (NASDAQ:ISRG) SVP Salvatore Brogna unloaded 12,626 shares of Intuitive Surgical stock on the open market in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $472.06, for a total transaction of $5,960,229.56. Following the transaction, the senior vice president now directly owns 311 shares of the company’s stock, valued at approximately $146,811. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on ISRG. Analysts at SunTrust raised their price target on shares of Intuitive Surgical from $541.00 to $563.00 in a research note on Tuesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Intuitive Surgical in a research note on Thursday, July 24th. They now have a $485.00 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Intuitive Surgical in a research note on Wednesday, July 23rd. They set a “positive” rating and a $370.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. Intuitive Surgical has a consensus rating of “Hold” and an average target price of $463.16.
Intuitive Surgical (NASDAQ:ISRG) traded down 0.07% during mid-day trading on Wednesday, hitting $473.71. The stock had a trading volume of 169,795 shares. Intuitive Surgical has a 52-week low of $346.46 and a 52-week high of $541.23. The stock’s 50-day moving average is $448.9 and its 200-day moving average is $418.5. The company has a market cap of $17.030 billion and a price-to-earnings ratio of 38.95.
Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.91. The company had revenue of $512.00 million for the quarter, compared to the consensus estimate of $502.23 million. During the same quarter in the previous year, the company posted $3.90 earnings per share. The company’s revenue for the quarter was down 11.5% on a year-over-year basis. On average, analysts predict that Intuitive Surgical will post $15.27 earnings per share for the current fiscal year.
Intuitive Surgical, Inc (NASDAQ:ISRG) designs, manufactures and markets da Vinci Surgical Systems and related instruments and accessories.
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