Intersect ENT, Inc. (NASDAQ:XENT) COO Richard E. Kaufman sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $28.25, for a total transaction of $353,125.00. Following the completion of the sale, the chief operating officer now owns 169,821 shares of the company’s stock, valued at approximately $4,797,443.25. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of Intersect ENT, Inc. (NASDAQ:XENT) traded down 0.88% during midday trading on Wednesday, hitting $28.20. 301,498 shares of the stock traded hands. The company’s market capitalization is $811.37 million. Intersect ENT, Inc. has a 52 week low of $7.65 and a 52 week high of $29.55. The firm’s 50-day moving average is $27.31 and its 200 day moving average is $19.57.

Intersect ENT (NASDAQ:XENT) last posted its earnings results on Tuesday, May 2nd. The medical equipment provider reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.02. The firm had revenue of $20.47 million during the quarter, compared to analysts’ expectations of $19.39 million. Intersect ENT had a negative net margin of 28.71% and a negative return on equity of 20.49%. Equities analysts forecast that Intersect ENT, Inc. will post ($0.74) earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This article was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/07/26/richard-e-kaufman-sells-12500-shares-of-intersect-ent-inc-nasdaqxent-stock.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ClariVest Asset Management LLC purchased a new position in Intersect ENT during the first quarter valued at about $148,000. Cornerstone Capital Management Holdings LLC. increased its position in Intersect ENT by 109.1% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 11,500 shares of the medical equipment provider’s stock valued at $196,000 after buying an additional 6,000 shares in the last quarter. American International Group Inc. increased its position in Intersect ENT by 7.1% in the first quarter. American International Group Inc. now owns 15,704 shares of the medical equipment provider’s stock valued at $269,000 after buying an additional 1,037 shares in the last quarter. Personal Capital Advisors Corp purchased a new position in Intersect ENT during the second quarter valued at about $273,000. Finally, Russell Investments Group Ltd. purchased a new position in Intersect ENT during the fourth quarter valued at about $377,000. 76.12% of the stock is owned by institutional investors.

XENT has been the subject of several research reports. Canaccord Genuity restated a “buy” rating on shares of Intersect ENT in a research report on Wednesday, May 3rd. BidaskClub cut shares of Intersect ENT from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Intersect ENT from a “sell” rating to a “hold” rating in a research report on Wednesday. ValuEngine upgraded shares of Intersect ENT from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Northland Securities cut shares of Intersect ENT from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 31st. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Intersect ENT currently has a consensus rating of “Buy” and an average target price of $18.60.

About Intersect ENT

Intersect ENT, Inc is a commercial-stage drug-device company. The Company develops drugs for patients with ear, nose and throat (ENT) conditions. The Company has developed a drug releasing bioabsorbable implant technology that enables targeted and sustained release of therapeutic agents. This targeted drug delivery technology is designed to allow ENT physicians to manage patient care.

Insider Buying and Selling by Quarter for Intersect ENT (NASDAQ:XENT)

Receive News & Ratings for Intersect ENT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intersect ENT Inc. and related companies with MarketBeat.com's FREE daily email newsletter.