Irhythm Technologies Inc (NASDAQ:IRTC) Director Vijay K. Lathi sold 114,018 shares of the company’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $66.44, for a total value of $7,575,355.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Irhythm Technologies Inc (IRTC) traded down $0.33 during trading hours on Monday, hitting $66.61. 249,599 shares of the stock traded hands, compared to its average volume of 235,831. The firm has a market capitalization of $1,569.85, a P/E ratio of -51.24 and a beta of 0.98. The company has a quick ratio of 5.64, a current ratio of 5.72 and a debt-to-equity ratio of 0.41. Irhythm Technologies Inc has a 52 week low of $32.10 and a 52 week high of $68.07.
Irhythm Technologies (NASDAQ:IRTC) last announced its quarterly earnings results on Wednesday, February 14th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.13). The company had revenue of $28.20 million for the quarter, compared to analyst estimates of $26.79 million. Irhythm Technologies had a negative return on equity of 34.44% and a negative net margin of 29.87%. The firm’s quarterly revenue was up 50.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.37) earnings per share. sell-side analysts expect that Irhythm Technologies Inc will post -1.53 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the company. Advisor Group Inc. increased its holdings in shares of Irhythm Technologies by 763.9% during the third quarter. Advisor Group Inc. now owns 2,920 shares of the company’s stock worth $151,000 after buying an additional 2,582 shares in the last quarter. Shaker Investments LLC OH acquired a new position in shares of Irhythm Technologies during the fourth quarter worth $263,000. Two Sigma Advisers LP acquired a new position in shares of Irhythm Technologies during the fourth quarter worth $331,000. Voya Investment Management LLC acquired a new position in shares of Irhythm Technologies during the second quarter worth $274,000. Finally, Aperio Group LLC acquired a new position in shares of Irhythm Technologies during the fourth quarter worth $529,000. Institutional investors own 98.59% of the company’s stock.
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Irhythm Technologies Company Profile
iRhythm Technologies, Inc is a United States-based digital health company. The Company develops and commercializes solutions that integrate biosensor technology, patient data, analytics and medical expertise. The Company offers flagship solution, the ZIO Service. Its ZIO Service consists of the ZIO XT Patch, algorithms and the ZIO Report.
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