Insider Selling: Illumina, Inc. (ILMN) EVP Sells 2,000 Shares of Stock
Illumina, Inc. (NASDAQ:ILMN) EVP Marc Stapley sold 2,000 shares of the stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $242.33, for a total transaction of $484,660.00. Following the transaction, the executive vice president now directly owns 29,815 shares in the company, valued at $7,225,068.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Marc Stapley also recently made the following trade(s):
- On Monday, December 4th, Marc Stapley sold 2,000 shares of Illumina stock. The shares were sold at an average price of $219.88, for a total transaction of $439,760.00.
- On Wednesday, November 15th, Marc Stapley sold 2,000 shares of Illumina stock. The shares were sold at an average price of $205.48, for a total transaction of $410,960.00.
- On Thursday, October 26th, Marc Stapley sold 2,000 shares of Illumina stock. The shares were sold at an average price of $206.88, for a total transaction of $413,760.00.
Shares of Illumina, Inc. (ILMN) traded down $0.74 during midday trading on Thursday, hitting $241.31. 755,046 shares of the stock were exchanged, compared to its average volume of 893,849. The firm has a market capitalization of $35,230.00, a PE ratio of 45.53, a price-to-earnings-growth ratio of 3.24 and a beta of 0.79. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.22 and a quick ratio of 3.73. Illumina, Inc. has a 1-year low of $156.50 and a 1-year high of $248.97.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Advisory Services Network LLC increased its position in Illumina by 13.0% during the second quarter. Advisory Services Network LLC now owns 772 shares of the life sciences company’s stock worth $134,000 after purchasing an additional 89 shares during the last quarter. Dupont Capital Management Corp acquired a new stake in Illumina during the third quarter worth about $153,000. Patten Group Inc. increased its position in Illumina by 71.1% during the third quarter. Patten Group Inc. now owns 1,480 shares of the life sciences company’s stock worth $172,000 after purchasing an additional 615 shares during the last quarter. West Coast Financial LLC acquired a new stake in Illumina during the third quarter worth about $216,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Illumina during the second quarter worth about $226,000. Institutional investors and hedge funds own 91.60% of the company’s stock.
Several equities analysts have issued reports on ILMN shares. Barclays increased their price objective on shares of Illumina from $150.00 to $185.00 and gave the company an “equal weight” rating in a report on Wednesday, October 25th. Zacks Investment Research raised shares of Illumina from a “hold” rating to a “buy” rating and set a $229.00 price objective on the stock in a report on Friday, October 27th. Canaccord Genuity reaffirmed a “buy” rating and set a $230.00 price objective (up from $215.00) on shares of Illumina in a report on Thursday, October 12th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $226.00 price objective (up from $202.00) on shares of Illumina in a report on Monday, October 9th. Finally, Janney Montgomery Scott raised shares of Illumina from a “sell” rating to a “neutral” rating in a report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $220.13.
Illumina, Inc (Illumina) is a provider of sequencing- and array-based solutions for genetic analysis. The Company operates through two segments: Core Illumina and the consolidated variable interest entities (VIEs), which include the activities of GRAIL, Inc (GRAIL) and Helix Holdings I, LLC (Helix). Core Illumina consists of its core operations.
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