Invuity Inc. (IVTY) VP Robert Gerberich Sells 1,500 Shares
Invuity Inc. (NASDAQ:IVTY) VP Robert Gerberich sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, October 6th. The shares were sold at an average price of $12.72, for a total value of $19,080.00. Following the completion of the transaction, the vice president now directly owns 1,500 shares in the company, valued at $19,080. The transaction was disclosed in a filing with the SEC, which is available at this link.
Robert Gerberich also recently made the following trade(s):
- On Wednesday, August 24th, Robert Gerberich sold 10,500 shares of Invuity stock. The shares were sold at an average price of $12.53, for a total value of $131,565.00.
Invuity Inc. (NASDAQ:IVTY) opened at 13.47 on Friday. Invuity Inc. has a 12-month low of $4.80 and a 12-month high of $14.40. The stock’s 50 day moving average price is $13.26 and its 200 day moving average price is $9.42. The company’s market capitalization is $181.12 million.
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Invuity (NASDAQ:IVTY) last posted its quarterly earnings results on Tuesday, July 19th. The company reported ($0.76) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.81) by $0.05. Invuity had a negative net margin of 156.54% and a negative return on equity of 113.16%. The firm earned $8.20 million during the quarter, compared to the consensus estimate of $8.04 million. On average, equities analysts anticipate that Invuity Inc. will post ($2.74) EPS for the current fiscal year.
Several equities analysts recently issued reports on IVTY shares. Lake Street Capital started coverage on Invuity in a research report on Monday, September 19th. They issued a “buy” rating and a $18.00 price objective on the stock. Craig Hallum started coverage on Invuity in a research report on Monday, August 29th. They issued a “buy” rating and a $25.00 price objective on the stock. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $12.00 price objective on shares of Invuity in a research report on Wednesday, July 20th. Zacks Investment Research raised Invuity from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Tuesday, September 20th. Finally, Leerink Swann reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Invuity in a research report on Thursday, June 23rd. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $17.00.
Hedge funds have recently bought and sold shares of the stock. State Street Corp increased its stake in Invuity by 4.9% in the first quarter. State Street Corp now owns 36,116 shares of the company’s stock valued at $259,000 after buying an additional 1,700 shares in the last quarter. Deerfield Management Co. increased its stake in Invuity by 23.1% in the first quarter. Deerfield Management Co. now owns 1,327,009 shares of the company’s stock valued at $9,581,000 after buying an additional 248,791 shares in the last quarter. Cowen Prime Services LLC bought a new stake in Invuity during the second quarter valued at $581,000. Vanguard Group Inc. raised its position in shares of Invuity by 4.7% in the second quarter. Vanguard Group Inc. now owns 115,244 shares of the company’s stock valued at $1,098,000 after buying an additional 5,141 shares during the last quarter. Finally, FMR LLC raised its position in shares of Invuity by 15.9% in the second quarter. FMR LLC now owns 2,009,300 shares of the company’s stock valued at $19,149,000 after buying an additional 276,200 shares during the last quarter. 48.42% of the stock is owned by hedge funds and other institutional investors.
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