Trading Report: The Masimo Corp. (MASI) CEO Sold $53,878.00 in Stock

The Masimo Corp. (MASI) CEO Sold $53,878.00 in Stock

Masimo Corp. (NASDAQ:MASI) CEO Joe E. Kiani sold 869 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $62.00, for a total transaction of $53,878.00. Following the transaction, the chief executive officer now directly owns 119,241 shares in the company, valued at approximately $7,392,942. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Masimo Corp. (NASDAQ:MASI) opened at 62.60 on Monday. The firm has a market cap of $3.11 billion, a PE ratio of 30.23 and a beta of 0.98. The firm has a 50-day moving average of $59.30 and a 200-day moving average of $55.54. Masimo Corp. has a 52-week low of $33.03 and a 52-week high of $62.62.

Masimo Corp. (NASDAQ:MASI) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10. Masimo Corp. had a return on equity of 29.42% and a net margin of 16.31%. The business earned $167.60 million during the quarter, compared to analysts’ expectations of $165.51 million. During the same quarter last year, the business posted $0.36 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities analysts anticipate that Masimo Corp. will post $2.14 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its position in shares of Masimo Corp. by 3.1% in the first quarter. State Street Corp now owns 890,937 shares of the company’s stock worth $37,271,000 after buying an additional 26,485 shares in the last quarter. UBS Group AG boosted its position in shares of Masimo Corp. by 3.6% in the first quarter. UBS Group AG now owns 19,177 shares of the company’s stock worth $802,000 after buying an additional 663 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Masimo Corp. by 0.7% in the first quarter. Geode Capital Management LLC now owns 426,362 shares of the company’s stock worth $17,838,000 after buying an additional 3,002 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Masimo Corp. by 53.7% in the first quarter. Wellington Management Group LLP now owns 196,270 shares of the company’s stock worth $8,212,000 after buying an additional 68,544 shares in the last quarter. Finally, First Republic Investment Management Inc. purchased a new position in shares of Masimo Corp. during the first quarter worth $12,638,000. Institutional investors and hedge funds own 82.49% of the company’s stock.

Several brokerages have recently weighed in on MASI. Wedbush reissued an “outperform” rating and set a $75.00 price target on shares of Masimo Corp. in a research report on Monday, November 14th. Zacks Investment Research cut shares of Masimo Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 4th. Piper Jaffray Cos. reissued an “overweight” rating and set a $55.00 price target (up previously from $52.00) on shares of Masimo Corp. in a research report on Friday, August 5th. Finally, BTIG Research reissued a “hold” rating on shares of Masimo Corp. in a research report on Friday, August 5th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Masimo Corp. has an average rating of “Buy” and a consensus target price of $55.00.

About Masimo Corp.

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