Transenterix Inc (NYSEAMERICAN:TRXC) CFO Joseph P. Slattery sold 529,609 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $2.80, for a total value of $1,482,905.20. Following the completion of the sale, the chief financial officer now directly owns 440,974 shares of the company’s stock, valued at $1,234,727.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Transenterix Inc (NYSEAMERICAN:TRXC) traded up $0.07 on Thursday, reaching $2.64. The company’s stock had a trading volume of 4,711,681 shares, compared to its average volume of 3,229,587. Transenterix Inc has a one year low of $0.45 and a one year high of $5.00.

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TRXC has been the topic of several recent analyst reports. Zacks Investment Research downgraded Transenterix from a “buy” rating to a “sell” rating in a report on Tuesday, August 8th. Ladenburg Thalmann Financial Services set a $5.00 price target on Transenterix and gave the stock a “buy” rating in a report on Friday, October 20th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $4.00 price target (up from $3.75) on shares of Transenterix in a report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $2.61.

An institutional investor recently raised its position in Transenterix stock. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Transenterix Inc (NYSEAMERICAN:TRXC) by 87.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,150 shares of the medical instruments supplier’s stock after purchasing an additional 37,000 shares during the quarter. Ladenburg Thalmann Financial Services Inc. owned about 0.05% of Transenterix worth $113,000 as of its most recent filing with the Securities & Exchange Commission.

Transenterix Company Profile

TransEnterix, Inc is a medical device company. The Company is focused on the development and commercialization of ALF-X Surgical Robotic System (the ALF-X System), and SurgiBot System. The Company’s ALF-X System is a multi-port robotic surgery system, which allows multiple robotic arms to control instruments and a camera.

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