National Instruments Corp. Director Jeffrey L. Kodosky Sells 4,000 Shares (NATI)
National Instruments Corp. (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 4,000 shares of the stock on the open market in a transaction dated Friday, August 29th. The stock was sold at an average price of $33.03, for a total value of $132,120.00. Following the completion of the transaction, the director now directly owns 405,826 shares of the company’s stock, valued at approximately $13,404,433. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at TheStreet upgraded shares of National Instruments Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, June 18th.
Shares of National Instruments Corp. (NASDAQ:NATI) traded down 0.63% on Wednesday, hitting $32.98. 195,852 shares of the company’s stock traded hands. National Instruments Corp. has a 1-year low of $26.25 and a 1-year high of $33.59. The stock’s 50-day moving average is $32. and its 200-day moving average is $30.03. The company has a market cap of $4.197 billion and a price-to-earnings ratio of 46.16.
National Instruments Corp. (NASDAQ:NATI) last released its earnings data on Tuesday, July 29th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.06. The company had revenue of $312.70 million for the quarter, compared to the consensus estimate of $311.37 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Analysts expect that National Instruments Corp. will post $0.89 EPS for the current fiscal year.
National Instruments Corporation (NASDAQ:NATI) is engaged in designing, manufacturing and selling tools to engineers and scientists.
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