Insider Selling: Intersect ENT Inc (XENT) Insider Sells 10,000 Shares of Stock
Intersect ENT Inc (NASDAQ:XENT) insider Gwen R. Carscadden sold 10,000 shares of the firm’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $34.35, for a total transaction of $343,500.00. Following the completion of the transaction, the insider now directly owns 13,856 shares in the company, valued at approximately $475,953.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Intersect ENT Inc (NASDAQ:XENT) traded down $0.55 during trading on Tuesday, reaching $33.80. 238,119 shares of the company traded hands, compared to its average volume of 325,090. Intersect ENT Inc has a twelve month low of $11.75 and a twelve month high of $35.34. The company has a market cap of $985.30, a price-to-earnings ratio of -54.52 and a beta of 0.67.
Intersect ENT (NASDAQ:XENT) last announced its earnings results on Thursday, November 2nd. The medical equipment provider reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.05. The firm had revenue of $22.31 million for the quarter, compared to the consensus estimate of $21.53 million. Intersect ENT had a negative net margin of 19.81% and a negative return on equity of 15.96%. The business’s quarterly revenue was up 20.8% on a year-over-year basis. During the same period last year, the company posted ($0.22) EPS. analysts predict that Intersect ENT Inc will post -0.63 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. acquired a new stake in Intersect ENT during the 3rd quarter worth approximately $117,000. Great West Life Assurance Co. Can acquired a new stake in Intersect ENT during the 3rd quarter worth approximately $116,000. Legal & General Group Plc raised its holdings in Intersect ENT by 3.8% during the 2nd quarter. Legal & General Group Plc now owns 6,939 shares of the medical equipment provider’s stock worth $193,000 after buying an additional 255 shares during the period. Moors & Cabot Inc. acquired a new stake in Intersect ENT during the 2nd quarter worth approximately $205,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Intersect ENT during the 3rd quarter worth approximately $228,000. Hedge funds and other institutional investors own 86.31% of the company’s stock.
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Intersect ENT Company Profile
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.
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