Today it was reported that the VP, Global Product of Flir Systems (NASDAQ: FLIR), Jeffrey Frank, exercised options to sell 42,912 FLIR shares at $30.69 a share, for a total transaction value of $2.67M.
Following Jeffrey Frank’s last FLIR Sell transaction on May 19, 2017, the stock climbed by 25.7%. In addition to Jeffrey Frank, 2 other FLIR executives reported Sell trades in the last month.
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Based on Flir Systems’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $453 million and quarterly net profit of $71.56 million. In comparison, last year the company earned revenue of $434 million and had a net profit of $51.41 million. FLIR’s market cap is $8.52B and the company has a P/E ratio of 69.75. Currently, Flir Systems has an average volume of 216.4K.
Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $63.00, reflecting a 0.9% upside.
The insider sentiment on Flir Systems has been negative according to 45 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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FLIR Systems, Inc. engages in the design, development, manufacturing, marketing, and distribution of thermal imaging, visible-light imaging systems, locater, measurement and diagnostic systems, and advanced threat-detection solutions hat detect people, objects and substances that may not be perceived by human sense and improve the way people interact with the
