Today it was reported that the CVP, Gen. Counsel & Secretary of Idexx Laboratories (NASDAQ: IDXX), Jacqueline Studer, exercised options to sell 8,598 IDXX shares at $79.54 a share, for a total transaction value of $2.08M.
Following Jacqueline Studer’s last IDXX Sell transaction on December 02, 2016, the stock climbed by 128.3%. In addition to Jacqueline Studer, one other IDXX executive reported Sell trades in the last month.
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Based on Idexx Laboratories’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $581 million and quarterly net profit of $109 million. In comparison, last year the company earned revenue of $509 million and had a net profit of $85.36 million. IDXX’s market cap is $21.09B and the company has a P/E ratio of 70.96. Currently, Idexx Laboratories has an average volume of 515.5K.
Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $245.50, reflecting a 0.0% upside.
In the last 30 days, insiders have sold $2.08M worth of IDXX shares and purchased $100.5K worth of IDXX shares. The insider sentiment on Idexx Laboratories has been negative according to 52 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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IDEXX Laboratories, Inc. engages in the development, manufacture, and distribution of products and services for the animal veterinary, livestock and poultry, dairy and water testing markets. It operates through the following segments: Companion Animal Group; Water; Livestock, Poultry, and Dairy; and Other.
