Align Technology, Inc. (NASDAQ:ALGN) insider Joseph M. Hogan purchased 1,500 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was acquired at an average price of $233.63 per share, with a total value of $350,445.00. Following the completion of the transaction, the insider now owns 42,984 shares in the company, valued at approximately $10,042,351.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Align Technology, Inc. (ALGN) opened at $251.50 on Friday. Align Technology, Inc. has a 12-month low of $99.60 and a 12-month high of $287.32. The firm has a market cap of $20,164.77, a price-to-earnings ratio of 64.49, a PEG ratio of 1.92 and a beta of 1.48.
Align Technology (NASDAQ:ALGN) last posted its quarterly earnings data on Tuesday, January 30th. The medical equipment provider reported $1.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.23. The company had revenue of $421.30 million during the quarter, compared to analysts’ expectations of $395.88 million. Align Technology had a net margin of 15.71% and a return on equity of 28.55%. Align Technology’s revenue for the quarter was up 43.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.59 earnings per share. equities research analysts expect that Align Technology, Inc. will post 4.49 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the business. USA Mutuals Advisors Inc. acquired a new stake in Align Technology in the fourth quarter worth $101,000. Whittier Trust Co. acquired a new stake in Align Technology in the third quarter worth $107,000. Whittier Trust Co. of Nevada Inc. grew its holdings in Align Technology by 166.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the medical equipment provider’s stock worth $112,000 after purchasing an additional 315 shares during the period. Cobblestone Capital Advisors LLC NY acquired a new stake in Align Technology in the fourth quarter worth $200,000. Finally, Meritage Portfolio Management acquired a new stake in Align Technology in the fourth quarter worth $201,000. Institutional investors and hedge funds own 81.99% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Align Technology, Inc. (ALGN) Insider Joseph M. Hogan Buys 1,500 Shares” was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international copyright & trademark laws. The original version of this piece can be read at https://www.chaffeybreeze.com/2018/02/18/align-technology-inc-algn-insider-joseph-m-hogan-buys-1500-shares.html.
About Align Technology
Align Technology, Inc designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design/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.
Receive News & Ratings for Align Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Align Technology and related companies with MarketBeat.com's FREE daily email newsletter.