Insider Selling: Inogen Inc (INGN) EVP Sells 2,500 Shares of Stock
Inogen Inc (NASDAQ:INGN) EVP Matt Scribner sold 2,500 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $116.17, for a total value of $290,425.00. Following the transaction, the executive vice president now directly owns 7,297 shares of the company’s stock, valued at $847,692.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Matt Scribner also recently made the following trade(s):
- On Thursday, December 14th, Matt Scribner sold 2,500 shares of Inogen stock. The stock was sold at an average price of $120.34, for a total value of $300,850.00.
- On Monday, November 13th, Matt Scribner sold 2,500 shares of Inogen stock. The stock was sold at an average price of $112.35, for a total value of $280,875.00.
Inogen Inc (NASDAQ:INGN) traded down $0.96 on Thursday, reaching $114.99. The company had a trading volume of 98,767 shares, compared to its average volume of 174,217. Inogen Inc has a fifty-two week low of $62.69 and a fifty-two week high of $130.05. The company has a market capitalization of $2,400.00, a price-to-earnings ratio of 80.41, a PEG ratio of 3.94 and a beta of 1.13.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in INGN. Schroder Investment Management Group bought a new stake in Inogen during the second quarter worth about $132,000. Ameritas Investment Partners Inc. raised its holdings in Inogen by 6.1% during the second quarter. Ameritas Investment Partners Inc. now owns 1,495 shares of the medical technology company’s stock worth $143,000 after acquiring an additional 86 shares in the last quarter. Simplex Trading LLC bought a new stake in Inogen during the fourth quarter worth about $153,000. Victory Capital Management Inc. raised its holdings in Inogen by 17.8% during the second quarter. Victory Capital Management Inc. now owns 2,036 shares of the medical technology company’s stock worth $194,000 after acquiring an additional 307 shares in the last quarter. Finally, Pinebridge Investments L.P. raised its holdings in Inogen by 1.6% during the second quarter. Pinebridge Investments L.P. now owns 2,143 shares of the medical technology company’s stock worth $204,000 after acquiring an additional 33 shares in the last quarter.
Several research analysts have recently weighed in on INGN shares. Zacks Investment Research raised Inogen from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a research report on Thursday, November 9th. Needham & Company LLC upped their price objective on Inogen from $108.00 to $125.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, November 8th. Leerink Swann reaffirmed an “outperform” rating and set a $120.00 price objective (up from $115.00) on shares of Inogen in a research report on Wednesday, November 8th. Finally, BidaskClub cut Inogen from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Inogen presently has a consensus rating of “Hold” and a consensus target price of $102.71.
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Inogen Company Profile
Inogen, Inc is a medical technology company. The Company develops, manufactures and markets portable oxygen concentrators used to deliver supplemental long-term oxygen therapy to patients suffering from chronic respiratory conditions. The Company’s Inogen One systems concentrate the air around the patient to offer a single source of supplemental oxygen anytime, anywhere with a portable device.
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