Vocera Communications, Inc. (VCRA) Position Reduced by Lucha Capital Management LP
Lucha Capital Management LP cut its stake in Vocera Communications, Inc. (NYSE:VCRA) by 76.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,921 shares of the communications equipment provider’s stock after selling 235,729 shares during the period. Vocera Communications accounts for about 0.6% of Lucha Capital Management LP’s portfolio, making the stock its 25th largest position. Lucha Capital Management LP owned about 0.25% of Vocera Communications worth $1,900,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Alliancebernstein L.P. boosted its stake in Vocera Communications by 20.0% in the 2nd quarter. Alliancebernstein L.P. now owns 1,424,419 shares of the communications equipment provider’s stock worth $37,633,000 after purchasing an additional 236,941 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Vocera Communications by 12.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,225,900 shares of the communications equipment provider’s stock valued at $30,439,000 after acquiring an additional 137,800 shares during the period. Vanguard Group Inc. lifted its stake in Vocera Communications by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 1,072,057 shares of the communications equipment provider’s stock valued at $26,619,000 after acquiring an additional 45,775 shares during the period. Rockefeller Financial Services Inc. lifted its stake in Vocera Communications by 3.1% during the 2nd quarter. Rockefeller Financial Services Inc. now owns 926,895 shares of the communications equipment provider’s stock valued at $24,489,000 after acquiring an additional 28,125 shares during the period. Finally, Columbus Circle Investors lifted its stake in Vocera Communications by 3.1% during the 2nd quarter. Columbus Circle Investors now owns 655,372 shares of the communications equipment provider’s stock valued at $17,315,000 after acquiring an additional 20,011 shares during the period.
VCRA has been the subject of several research reports. ValuEngine upgraded shares of Vocera Communications from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research cut shares of Vocera Communications from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Cantor Fitzgerald restated a “buy” rating and set a $30.00 price objective on shares of Vocera Communications in a research note on Thursday, July 27th. Finally, Leerink Swann lifted their price objective on shares of Vocera Communications from $24.00 to $31.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $29.17.
In other Vocera Communications news, EVP Paul T. Johnson sold 4,000 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $24.97, for a total value of $99,880.00. Following the completion of the sale, the executive vice president now owns 170,134 shares of the company’s stock, valued at $4,248,245.98. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Brent D. Lang sold 5,000 shares of the firm’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $25.90, for a total value of $129,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 181,245 shares of company stock valued at $4,670,055. Corporate insiders own 6.30% of the company’s stock.
Vocera Communications, Inc. (NYSE:VCRA) traded down 0.17% during trading on Monday, hitting $29.90. 48,849 shares of the company traded hands. Vocera Communications, Inc. has a 52-week low of $16.10 and a 52-week high of $30.11. The firm’s market cap is $870.21 million. The company’s 50-day moving average is $27.81 and its 200 day moving average is $25.70.
Vocera Communications (NYSE:VCRA) last issued its quarterly earnings results on Thursday, July 27th. The communications equipment provider reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.02). Vocera Communications had a negative return on equity of 14.71% and a negative net margin of 17.28%. The company had revenue of $38.45 million for the quarter, compared to analyst estimates of $37.53 million. During the same period in the prior year, the business earned $0.02 earnings per share. Vocera Communications’s revenue for the quarter was up 23.4% compared to the same quarter last year. On average, equities analysts anticipate that Vocera Communications, Inc. will post $0.16 earnings per share for the current year.
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Vocera Communications Company Profile
Vocera Communications, Inc is a provider of communication solutions for mobile workers in healthcare, hospitality, energy, education and other industries. The Company’s segments include Product and Service. The Company’s solutions include the Vocera Communication System, Vocera Care Experience, Vocera Engage integration platform, smartphone applications and its Experience Innovation Network.
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