The ConforMIS Inc. (CFMS) CEO Sold $548,833.40 in Stock

The ConforMIS Inc. (CFMS) CEO Sold $548,833.40 in Stock

ConforMIS Inc. (NASDAQ:CFMS) CEO Philipp Lang sold 53,860 shares of the company’s stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $10.19, for a total value of $548,833.40. Following the transaction, the chief executive officer now owns 483,378 shares of the company’s stock, valued at $4,925,621.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Philipp Lang also recently made the following trade(s): On Tuesday, October 4th, Philipp Lang sold 400 shares of ConforMIS stock. The stock was sold at an average price of $10.00, for a total value of $4,000.00. On Monday, October 3rd, Philipp Lang sold 10,410 shares of ConforMIS stock. The stock was sold at an average price of $10.03, for a total value of $104,412.30.

Shares of ConforMIS Inc. (NASDAQ:CFMS) opened at 10.29 on Monday. The stock’s 50 day moving average price is $8.91 and its 200-day moving average price is $8.82. The company’s market capitalization is $433.49 million. ConforMIS Inc. has a 52-week low of $4.80 and a 52-week high of $23.62.

ConforMIS (NASDAQ:CFMS) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.34) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.35) by $0.01. The business earned $19.30 million during the quarter, compared to the consensus estimate of $18.02 million. ConforMIS had a negative return on equity of 45.30% and a negative net margin of 84.33%. ConforMIS’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the company earned ($2.51) earnings per share. On average, analysts expect that ConforMIS Inc. will post ($1.40) earnings per share for the current year.

A number of brokerages have recently commented on CFMS. JPMorgan Chase & Co. cut their price target on ConforMIS from $11.00 to $8.00 and set a “neutral” rating for the company in a report on Tuesday, August 9th. Zacks Investment Research upgraded ConforMIS from a “sell” rating to a “hold” rating in a report on Friday, July 1st. SunTrust Banks Inc. began coverage on ConforMIS in a report on Monday, September 19th. They set a “buy” rating and a $14.00 price target for the company. B. Riley began coverage on ConforMIS in a report on Wednesday, September 21st. They set a “buy” rating and a $13.00 price target for the company. Finally, Oppenheimer Holdings Inc. upped their price target on ConforMIS from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Tuesday, August 9th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. ConforMIS has an average rating of “Buy” and a consensus target price of $14.86.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cowen Group Inc. purchased a new position in ConforMIS during the second quarter worth about $445,000. Schwab Charles Investment Management Inc. increased its position in ConforMIS by 308.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 56,000 shares of the company’s stock worth $394,000 after buying an additional 42,300 shares during the last quarter. Redmile Group LLC increased its position in ConforMIS by 32.2% in the second quarter. Redmile Group LLC now owns 1,047,821 shares of the company’s stock worth $7,356,000 after buying an additional 255,466 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new position in ConforMIS during the second quarter worth about $204,000. Finally, State Street Corp increased its position in ConforMIS by 238.4% in the second quarter. State Street Corp now owns 458,834 shares of the company’s stock worth $3,221,000 after buying an additional 323,234 shares during the last quarter. Institutional investors and hedge funds own 41.13% of the company’s stock.

ConforMIS Company Profile

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