Today, the President and COO ResMed Inc. of Resmed Inc (RMD), Robert Andrew Douglas, bought shares of RMD for $300K.
This recent transaction increases Robert Andrew Douglas’ holding in the company by 3.57% to a total of $20.33 million. In addition to Robert Andrew Douglas, one other RMD executive reported Buy trades in the last month.
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Based on Resmed Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $651 million and quarterly net profit of $125 million. In comparison, last year the company earned revenue of $601 million and had a net profit of $9.53 million. RMD’s market cap is $14.59B and the company has a P/E ratio of 32.71. Currently, Resmed Inc has an average volume of 771.4K.
Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $100.00, reflecting a -2.9% downside.
In the last 30 days, insiders have sold $1.7M worth of RMD shares and purchased $300K worth of RMD shares. The insider sentiment on Resmed Inc has been negative according to 111 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Robert Andrew Douglas’ trades have generated a -4.9% 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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ResMed, Inc. engages in the development, manufacturing, distribution, and marketing of medical equipment and software solutions. Its product portfolio includes devices, diagnostic products, mask systems, headgear and other accessories, and dental devices. The company was founded by Peter C. Farrell in June 1989 and is headquartered in San Diego, CA.
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