Align Technology, Inc. (ALGN) VP Julie Tay Sells 3,500 Shares
Align Technology, Inc. (NASDAQ:ALGN) VP Julie Tay sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $253.00, for a total transaction of $885,500.00. Following the sale, the vice president now directly owns 12,213 shares of the company’s stock, valued at approximately $3,089,889. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Align Technology, Inc. (ALGN) traded up $4.27 during trading on Tuesday, hitting $253.73. 952,400 shares of the stock traded hands, compared to its average volume of 1,005,870. The stock has a market cap of $20,430.00, a PE ratio of 73.81, a PEG ratio of 2.39 and a beta of 1.41. Align Technology, Inc. has a 1-year low of $88.56 and a 1-year high of $257.60.
Align Technology (NASDAQ:ALGN) last issued its quarterly earnings results on Thursday, October 26th. The medical equipment provider reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.19. The business had revenue of $385.30 million for the quarter, compared to analysts’ expectations of $359.80 million. Align Technology had a net margin of 19.98% and a return on equity of 25.60%. The company’s revenue was up 38.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.63 EPS. equities research analysts expect that Align Technology, Inc. will post 3.62 earnings per share for the current fiscal year.
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Several equities research analysts recently issued reports on ALGN shares. Credit Suisse Group AG restated a “positive” rating and issued a $261.00 target price (up previously from $209.00) on shares of Align Technology in a report on Thursday, November 9th. Zacks Investment Research upgraded shares of Align Technology from a “hold” rating to a “buy” rating and set a $227.00 target price on the stock in a report on Monday, October 30th. Stifel Nicolaus raised their target price on shares of Align Technology from $205.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, October 23rd. Robert W. Baird restated a “buy” rating and issued a $245.00 target price on shares of Align Technology in a report on Friday, October 27th. Finally, Leerink Swann restated an “outperform” rating and issued a $250.00 target price on shares of Align Technology in a report on Friday, October 27th. Eleven research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of $219.18.
Institutional investors have recently modified their holdings of the company. Whittier Trust Co. purchased a new position in shares of Align Technology during the 3rd quarter worth $107,000. CENTRAL TRUST Co boosted its stake in shares of Align Technology by 128.5% during the 2nd quarter. CENTRAL TRUST Co now owns 697 shares of the medical equipment provider’s stock worth $105,000 after acquiring an additional 392 shares during the last quarter. Schroder Investment Management Group purchased a new position in shares of Align Technology during the 2nd quarter worth $104,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Align Technology by 13.0% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 912 shares of the medical equipment provider’s stock worth $137,000 after acquiring an additional 105 shares during the last quarter. Finally, BlueMountain Capital Management LLC purchased a new position in shares of Align Technology during the 2nd quarter worth $148,000. Institutional investors and hedge funds own 80.86% of the company’s stock.
About Align Technology
Align Technology, Inc designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design/computer-aided manufacturing (CAD/CAM) digital services used in dentistry, orthodontics and dental records storage. The Company operates through two segments: Clear Aligner segment and Scanner and Services (Scanner) segment.
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