Today, the SVP, Operations of Align Tech (NASDAQ: ALGN), Emory Wright, sold shares of ALGN for $7.25M.
Following Emory Wright’s last ALGN Sell transaction on February 06, 2018, the stock climbed by 23.6%. In addition to Emory Wright, 3 other ALGN executives reported Sell trades in the last month.
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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 $21.24B and the company has a P/E ratio of 84.01. Currently, Align Tech has an average volume of 814.7K.
Based on 7 analyst ratings, the analyst consensus is Strong Buy with an average price target of $299.17, reflecting a -11.3% downside.
The insider sentiment on Align Tech has been neutral according to 51 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.
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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.
