The EVP CORP HR of Conmed Corp (CNMD) is Buying Shares

Today, the EVP CORP HR of Conmed Corp (CNMD), Heather Cohen, bought shares of CNMD for $61.74K.

This recent transaction increases Heather Cohen’s holding in the company by 112.5% to a total of $116.3K. Following Heather Cohen’s last CNMD Buy transaction on March 14, 2017, the stock climbed by 27.8%.

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Based on Conmed Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $201 million and quarterly net profit of $5.83 million. In comparison, last year the company earned revenue of $190 million and had a net profit of $7.2 million. CNMD’s market cap is $1.92B and the company has a P/E ratio of 27.16. Currently, Conmed Corp has an average volume of 27.3K.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $81.67, reflecting a 19.5% upside.

Heather Cohen’s trades have generated a -1.6% 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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CONMED Corp. is a medical technology company, which engages in the development, manufacture and sale of surgical devices and related equipment. It operates through the following geographical segments: United States; Americas excluding the United States; Europe, Middle East, and Africa; and Asia Pacific.