The SVP, R&D of Align Tech (ALGN) is Selling Shares


Today, the SVP, R&D of Align Tech (NASDAQ: ALGN), Zelko Relic, sold shares of ALGN for $2.35M.

Following Zelko Relic’s last ALGN Sell transaction on August 16, 2016, the stock climbed by 274.0%. In addition to Zelko Relic, 2 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 June 30, the company posted quarterly revenue of $490 million and quarterly net profit of $106 million. In comparison, last year the company earned revenue of $356 million and had a net profit of $69.18 million. ALGN’s market cap is $29.61B and the company has a P/E ratio of 102.12. The Company has a Price to Book ratio of 24.2897.

Based on 11 analyst ratings, the analyst consensus is Strong Buy with an average price target of $400.55, reflecting a -12.5% downside. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy ALGN with a $425 price target.

The insider sentiment on Align Tech has been negative according to 61 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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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.

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