Masimo Corp. (NASDAQ:MASI) CEO Joe E. Kiani sold 30,462 shares of Masimo Corp. stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $62.04, for a total value of $1,889,862.48. Following the transaction, the chief executive officer now owns 119,241 shares in the company, valued at $7,397,711.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Masimo Corp. (NASDAQ:MASI) traded up 0.50% during mid-day trading on Wednesday, hitting $62.09. The stock had a trading volume of 229,396 shares. The company has a market cap of $3.08 billion, a P/E ratio of 29.98 and a beta of 0.98. The firm’s 50 day moving average price is $59.23 and its 200 day moving average price is $55.42. Masimo Corp. has a 1-year low of $33.03 and a 1-year high of $62.29.

Masimo Corp. (NASDAQ:MASI) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.10. The business earned $167.60 million during the quarter, compared to the consensus estimate of $165.51 million. Masimo Corp. had a return on equity of 29.42% and a net margin of 16.31%. Masimo Corp.’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 earnings per share. Analysts predict that Masimo Corp. will post $2.14 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Masimo Corp. (NASDAQ:MASI)

A number of hedge funds have recently bought and sold shares of the stock. D.A. Davidson & CO. increased its stake in Masimo Corp. by 42.8% in the third quarter. D.A. Davidson & CO. now owns 1,713 shares of the company’s stock worth $101,000 after buying an additional 513 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Masimo Corp. by 76.9% in the second quarter. Victory Capital Management Inc. now owns 2,148 shares of the company’s stock worth $113,000 after buying an additional 934 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Masimo Corp. during the second quarter worth $116,000. Acrospire Investment Management LLC increased its stake in shares of Masimo Corp. by 22.2% in the third quarter. Acrospire Investment Management LLC now owns 2,200 shares of the company’s stock worth $131,000 after buying an additional 400 shares during the last quarter. Finally, First Quadrant L P CA acquired a new stake in shares of Masimo Corp. during the third quarter worth $138,000. Institutional investors and hedge funds own 82.77% of the company’s stock.

MASI has been the topic of several recent analyst reports. Wedbush reiterated an “outperform” rating and set a $63.00 target price (up from $60.00) on shares of Masimo Corp. in a report on Thursday, August 4th. BTIG Research reiterated a “hold” rating on shares of Masimo Corp. in a report on Friday, August 5th. Piper Jaffray Cos. reiterated an “overweight” rating and set a $55.00 target price (up from $52.00) on shares of Masimo Corp. in a report on Friday, August 5th. Finally, Zacks Investment Research lowered Masimo Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 4th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Masimo Corp. has a consensus rating of “Buy” and an average price target of $55.00.

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About Masimo Corp.

Masimo Corporation is a medical technology company that develops, manufactures and markets non-invasive patient monitoring products. The Company’s business is measure-through-motion and low-perfusion pulse oximetry monitoring, known as Masimo Signal Extraction Technology (SET) pulse oximetry. Its product offerings include monitoring blood constituents with an optical signature, optical organ oximetry monitoring, electrical brain function monitoring, acoustic respiration monitoring and exhaled gas monitoring.

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