Align Technology Inc. (NASDAQ:ALGN) Director Thomas M. Prescott sold 33,125 shares of the business’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $90.60, for a total transaction of $3,001,125.00. Following the transaction, the director now directly owns 124,378 shares in the company, valued at approximately $11,268,646.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Align Technology Inc. (NASDAQ:ALGN) opened at 94.04 on Thursday. Align Technology Inc. has a 1-year low of $57.31 and a 1-year high of $96.90. The company’s 50 day moving average is $89.44 and its 200-day moving average is $86.29. The stock has a market capitalization of $7.49 billion, a price-to-earnings ratio of 40.19 and a beta of 1.33.

Align Technology (NASDAQ:ALGN) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.11. The firm earned $278.60 million during the quarter, compared to analysts’ expectations of $271.61 million. Align Technology had a return on equity of 21.09% and a net margin of 18.78%. The firm’s quarterly revenue was up 34.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 EPS. Equities analysts anticipate that Align Technology Inc. will post $2.41 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Align Technology (NASDAQ:ALGN)

Several research analysts have recently weighed in on ALGN shares. Stifel Nicolaus boosted their price target on shares of Align Technology from $82.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, July 28th. Robert W. Baird cut shares of Align Technology from an “outperform” rating to a “neutral” rating and set a $96.00 target price on the stock. in a research report on Monday, October 3rd. Zacks Investment Research cut shares of Align Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, October 12th. Morgan Stanley set a $114.00 target price on shares of Align Technology and gave the company a “buy” rating in a research report on Wednesday, October 19th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $105.00 target price (up previously from $100.00) on shares of Align Technology in a research report on Tuesday, November 8th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Align Technology has an average rating of “Buy” and a consensus price target of $89.82.

Hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in Align Technology by 7,138.7% in the first quarter. Wellington Management Group LLP now owns 939,946 shares of the company’s stock worth $68,325,000 after buying an additional 926,961 shares in the last quarter. Geode Capital Management LLC boosted its stake in Align Technology by 5.7% in the first quarter. Geode Capital Management LLC now owns 473,097 shares of the company’s stock worth $34,388,000 after buying an additional 25,559 shares in the last quarter. GW&K Investment Management LLC boosted its stake in Align Technology by 16.1% in the second quarter. GW&K Investment Management LLC now owns 205,003 shares of the company’s stock worth $16,513,000 after buying an additional 28,418 shares in the last quarter. RS Investment Management Co. LLC boosted its stake in Align Technology by 5.7% in the second quarter. RS Investment Management Co. LLC now owns 601,734 shares of the company’s stock worth $48,470,000 after buying an additional 32,545 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its stake in Align Technology by 2.7% in the second quarter. Retirement Systems of Alabama now owns 318,825 shares of the company’s stock worth $25,681,000 after buying an additional 8,391 shares in the last quarter. Hedge funds and other institutional investors own 86.27% of the company’s stock.

About Align Technology

Align Technology, Inc designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services used in dentistry, orthodontics and dental records storage. The Company operates through two segments: Clear Aligner segment and Scanner and Services (Scanner) segment.

5 Day Chart for NASDAQ:ALGN

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