Align Technology Inc. (NASDAQ:ALGN) Director Warren S. Thaler sold 8,500 shares of the stock in a transaction on Tuesday, November 29th. The shares were sold at an average price of $95.57, for a total value of $812,345.00. Following the completion of the sale, the director now owns 42,400 shares in the company, valued at $4,052,168. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Align Technology Inc. (NASDAQ:ALGN) opened at 95.51 on Wednesday. The firm’s 50 day moving average price is $90.31 and its 200 day moving average price is $87.47. The stock has a market cap of $7.61 billion, a price-to-earnings ratio of 40.82 and a beta of 1.33. Align Technology Inc. has a one year low of $57.31 and a one year high of $98.62.

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

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

ILLEGAL ACTIVITY WARNING: This story was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another website, it was stolen and republished in violation of U.S. and international copyright & trademark legislation. The legal version of this story can be viewed at https://www.thecerbatgem.com/2016/11/30/align-technology-inc-algn-director-warren-s-thaler-sells-8500-shares-of-stock.html.

Several equities analysts recently commented on ALGN shares. Morgan Stanley set a $114.00 target price on Align Technology and gave the company a “buy” rating in a report on Wednesday, October 19th. Robert W. Baird lowered Align Technology from an “outperform” rating to a “neutral” rating and set a $96.00 target price on the stock. in a report on Monday, October 3rd. Zacks Investment Research lowered Align Technology from a “buy” rating to a “hold” rating in a report on Wednesday, October 12th. Stifel Nicolaus increased their target price on Align Technology from $95.00 to $110.00 and gave the company a “buy” rating in a report on Monday. Finally, Jefferies Group reissued a “buy” rating and issued a $105.00 target price (up previously from $100.00) on shares of Align Technology in a report on Tuesday, November 8th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $91.18.

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Align Technology by 7.8% in the second quarter. Vanguard Group Inc. now owns 5,552,971 shares of the company’s stock valued at $447,292,000 after buying an additional 401,560 shares during the last quarter. BlackRock Fund Advisors raised its position in Align Technology by 6.5% in the third quarter. BlackRock Fund Advisors now owns 2,799,603 shares of the company’s stock valued at $262,463,000 after buying an additional 171,338 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Align Technology by 1.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,222,362 shares of the company’s stock valued at $179,011,000 after buying an additional 40,594 shares during the last quarter. State Street Corp raised its position in Align Technology by 0.7% in the second quarter. State Street Corp now owns 2,054,677 shares of the company’s stock valued at $165,504,000 after buying an additional 13,966 shares during the last quarter. Finally, Polen Capital Management LLC raised its position in Align Technology by 11.3% in the second quarter. Polen Capital Management LLC now owns 1,670,121 shares of the company’s stock valued at $134,528,000 after buying an additional 169,516 shares during the last quarter. Institutional investors and hedge funds own 87.95% 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

Receive News & Stock Ratings for Align Technology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Align Technology Inc. and related stocks with our FREE daily email newsletter.