Insider Selling: Masimo Corporation (NASDAQ:MASI) Insider Sells 25,000 Shares of Stock
Masimo Corporation (NASDAQ:MASI) insider Jon Coleman sold 25,000 shares of Masimo Corporation stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $97.50, for a total value of $2,437,500.00. Following the completion of the sale, the insider now owns 32,201 shares in the company, valued at $3,139,597.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Jon Coleman also recently made the following trade(s):
- On Tuesday, April 25th, Jon Coleman sold 50,000 shares of Masimo Corporation stock. The stock was sold at an average price of $100.00, for a total value of $5,000,000.00.
Shares of Masimo Corporation (MASI) traded down 1.68% during mid-day trading on Friday, reaching $85.78. The company’s stock had a trading volume of 497,663 shares. The firm’s 50 day moving average price is $91.26 and its 200-day moving average price is $90.35. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 14.06 and a beta of 0.80. Masimo Corporation has a 1-year low of $53.78 and a 1-year high of $104.71.
Masimo Corporation (NASDAQ:MASI) last issued its quarterly earnings data on Wednesday, August 2nd. The medical equipment provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.12. The firm had revenue of $192.90 million for the quarter, compared to analyst estimates of $189.03 million. Masimo Corporation had a net margin of 45.90% and a return on equity of 23.45%. The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 EPS. On average, analysts predict that Masimo Corporation will post $2.80 EPS for the current year.
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Several brokerages have recently weighed in on MASI. BidaskClub cut Masimo Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. BTIG Research upgraded Masimo Corporation from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Monday, August 14th. Stifel Nicolaus restated a “buy” rating and set a $108.00 target price (up from $105.00) on shares of Masimo Corporation in a report on Thursday, August 3rd. Zacks Investment Research upgraded Masimo Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Wedbush reiterated an “outperform” rating and issued a $112.00 price objective on shares of Masimo Corporation in a report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $95.00.
Several hedge funds and other institutional investors have recently modified their holdings of MASI. FMR LLC raised its position in shares of Masimo Corporation by 12.5% in the fourth quarter. FMR LLC now owns 450,000 shares of the medical equipment provider’s stock valued at $30,330,000 after buying an additional 50,000 shares during the period. Norges Bank acquired a new position in shares of Masimo Corporation during the fourth quarter valued at about $26,532,000. Teachers Advisors LLC raised its position in shares of Masimo Corporation by 343.5% in the fourth quarter. Teachers Advisors LLC now owns 304,589 shares of the medical equipment provider’s stock valued at $20,529,000 after buying an additional 235,903 shares during the period. Koshinski Asset Management Inc. acquired a new position in shares of Masimo Corporation during the first quarter valued at about $207,000. Finally, Legato Capital Management LLC raised its position in shares of Masimo Corporation by 6,238.2% in the first quarter. Legato Capital Management LLC now owns 115,736 shares of the medical equipment provider’s stock valued at $1,241,000 after buying an additional 113,910 shares during the period. 84.14% of the stock is currently owned by institutional investors.
About Masimo Corporation
Masimo Corporation is a medical technology company that develops, manufactures and markets a range of non-invasive patient monitoring technologies. The Company’s business is Measure-through Motion and Low Perfusion pulse oximetry monitoring, known as Masimo Signal Extraction Technology (SET) pulse oximetry.
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