Align Technology Inc. (NASDAQ:ALGN) VP Jennifer Olson sold 3,662 shares of Align Technology stock in a transaction on Tuesday, November 29th. The stock was sold at an average price of $95.44, for a total transaction of $349,501.28. Following the sale, the vice president now owns 8,145 shares of the company’s stock, valued at $777,358.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Align Technology Inc. (NASDAQ:ALGN) opened at 95.51 on Wednesday. Align Technology Inc. has a 1-year low of $57.31 and a 1-year high of $98.62. The stock’s 50 day moving average is $90.31 and its 200-day moving average is $87.47. The stock has a market cap of $7.61 billion, a PE ratio of 40.82 and a beta of 1.33.

Align Technology (NASDAQ:ALGN) last posted its earnings results on Monday, November 7th. The company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.11. The firm had revenue of $278.60 million for the quarter, compared to the consensus estimate of $271.61 million. Align Technology had a net margin of 18.78% and a return on equity of 21.09%. The company’s revenue was up 34.3% on a year-over-year basis. During the same period last year, the firm posted $0.34 EPS. On average, analysts predict that Align Technology Inc. will post $2.41 EPS for the current fiscal year.

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

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Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Align Technology from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Wednesday, November 9th. Stifel Nicolaus lifted their price objective on shares of Align Technology from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday. Robert W. Baird downgraded shares of Align Technology from an “outperform” rating to a “neutral” rating and set a $96.00 price objective for the company. in a research note on Monday, October 3rd. Jefferies Group restated a “buy” rating and set a $105.00 target price (up from $100.00) on shares of Align Technology in a research report on Tuesday, November 8th. Finally, 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. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Align Technology presently has an average rating of “Buy” and a consensus target price of $91.18.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. A.R.T. Advisors LLC boosted its stake in shares of Align Technology by 45.2% in the first quarter. A.R.T. Advisors LLC now owns 9,637 shares of the company’s stock worth $700,000 after buying an additional 3,000 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Align Technology by 2.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 69,612 shares of the company’s stock worth $5,060,000 after buying an additional 1,963 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Align Technology by 5.6% in the first quarter. Arizona State Retirement System now owns 39,760 shares of the company’s stock worth $2,890,000 after buying an additional 2,100 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Align Technology during the first quarter worth $1,338,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Align Technology by 3,580.4% in the second quarter. BNP Paribas Arbitrage SA now owns 28,781 shares of the company’s stock worth $2,318,000 after buying an additional 27,999 shares in the last quarter. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

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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