Today, a Director at Align Tech (NASDAQ: ALGN), Joseph Lacob, bought shares of ALGN for $360.2K.
Following Joseph Lacob’s last ALGN Buy transaction on December 01, 2017, the stock climbed by 32.4%. Following this transaction Joseph Lacob’s holding in the company was increased by 6.99% to a total of $84.88 million.
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Based on Align Tech’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $437 million and quarterly net profit of $95.87 million. In comparison, last year the company earned revenue of $310 million and had a net profit of $69.42 million. ALGN’s market cap is $22.96B and the company has a P/E ratio of 90.64. Currently, Align Tech has an average volume of 1.23M.
16 different firms, including Barclays and Cantor Fitzgerald, currently also have a Buy rating on the stock. Starting in April 2018, ALGN received 4 Buy ratings in a row. Based on 7 analyst ratings, the analyst consensus is Strong Buy with an average price target of $299.17, reflecting a -4.3% downside.
In the last 30 days, insiders have sold $39.44M worth of ALGN shares and purchased $360.2K worth of ALGN shares. The insider sentiment on Align Tech has been negative according to 54 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Joseph Lacob’s trades have generated a -31.0% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Align Technology, Inc. engages in the manufacture, design, and marketing of global medical devices. It operates through the Clear Aligner, and Scanner and Services segments. The Clear Aligner segment consists of invisalign full, teen and assist products, and vivera retainers along with training and ancillary products for treating malocclusion.
