November 30, 2016 - By Nellie Frank
Jennifer Olson currently working as the VP & Mgng Dir. – D-DCC of Align Technology Inc not a long ago sold 3,662 shares of the company. The insider trade has $349,516 U.S. Dollars total value, at an average price per share of $95.4. Jennifer Olson now indirectly has ownership of 0 shares. She also directly has ownership of 4483 shares. In total she holds a stake of 0.01%.
Out of 8 analysts covering Align Technology (NASDAQ:ALGN), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. $110 is the highest target while $72 is the lowest. The $82.29 average target is -13.84% below today’s ($95.51) stock price. Align Technology has been the topic of 15 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, November 28 by Stifel Nicolaus. The rating was downgraded by Robert W. Baird on Monday, October 3 to “Neutral”. Credit Suisse initiated the stock with “Outperform” rating in Wednesday, May 11 report. The stock of Align Technology, Inc. (NASDAQ:ALGN) earned “Buy” rating by Stifel Nicolaus on Friday, January 29. The rating was initiated by Leerink Swann on Friday, September 11 with “Outperform”. Stifel Nicolaus maintained the shares of ALGN in a report on Friday, October 23 with “Buy” rating. The stock of Align Technology, Inc. (NASDAQ:ALGN) has “Buy” rating given on Wednesday, March 23 by Roth Capital. The firm has “Overweight” rating by Piper Jaffray given on Wednesday, November 18.
Insitutional Activity: The institutional sentiment increased to 1.41 in Q2 2016. Its up 0.16, from 1.25 in 2016Q1. The ratio is positive, as 33 funds sold all Align Technology, Inc. shares owned while 99 reduced positions. 62 funds bought stakes while 103 increased positions. They now own 64.99 million shares or 4.19% less from 67.84 million shares in 2016Q1.
Dupont Cap Mngmt Corporation holds 2,827 shares or 0.01% of its portfolio. Riverpark Advsr has 1.1% invested in the company for 27,924 shares. State Board Of Administration Of Florida Retirement Sys holds 0.03% or 110,635 shares in its portfolio. Cantab Cap Prns Ltd Liability Partnership, a United Kingdom-based fund reported 12,957 shares. Axa last reported 138,500 shares in the company. Waddell Reed Financial accumulated 0.19% or 1.12 million shares. Moreover, Fuller And Thaler Asset has 0% invested in Align Technology, Inc. (NASDAQ:ALGN) for 655 shares. Loomis Sayles And L P accumulated 0.02% or 98,258 shares. Blackrock Inv Limited Liability holds 0.02% or 207,807 shares in its portfolio. Blackrock Fund accumulated 0.05% or 2.63 million shares. Ledyard Bancshares holds 0% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN) for 110 shares. Wells Fargo & Mn holds 0.06% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN) for 1.77 million shares. Marietta Prtnrs Ltd Liability Com holds 36,610 shares or 1.05% of its portfolio. Marshall Wace Ltd Liability Partnership last reported 7,128 shares in the company. Us Bancshares De reported 253,424 shares or 0.08% of all its holdings.
Insider Transactions: Since August 9, 2016, the stock had 0 insider buys, and 7 selling transactions for $12.87 million net activity. 62,479 shares with value of $5.72 million were sold by LACOB JOSEPH on Friday, November 11. $277,800 worth of shares were sold by Tay Julie on Tuesday, August 9. 799 shares with value of $74,545 were sold by Olson Jennifer on Monday, August 29. Another trade for 13,577 shares valued at $1.30M was sold by Relic Zelko. $979,130 worth of Align Technology, Inc. (NASDAQ:ALGN) was sold by SANTORA GREG J. WHITE DAVID L had sold 11,152 shares worth $1.07M.
The stock increased 0.18% or $0.17 during the last trading session, hitting $95.51. About 1.09M shares traded hands or 12.64% up from the average. Align Technology, Inc. (NASDAQ:ALGN) has risen 27.63% since April 26, 2016 and is uptrending. It has outperformed by 22.37% the S&P500.
Align Technology, Inc. designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design and computer-aided manufacturing digital services used in dentistry, orthodontics and dental records storage. The company has a market cap of $7.54 billion. The Firm operates through two divisions: Clear Aligner segment and Scanner and Services (Scanner) segment. It has a 40.7 P/E ratio. The Clear Aligner segment consists of its Invisalign System, which includes Invisalign Full, Express/Lite, Teen, Assist and Vivera Retainers, along with its training and ancillary products for treating malocclusion.
According to Zacks Investment Research, “Align Technology Inc. designs, manufactures and markets the Invisalign System, a proprietary method for treating malocclusion. The System corrects malocclusion using a series of clear, removable appliances that gently move teeth to a desired final position. Because it does not rely on the use of metal or ceramic brackets and wires, the System significantly reduces the aesthetic and other limitations associated with braces. The Invisalign System also offers orthodontists a new means of carrying out their diagnosis and treatment planning processes.”
Analysts await Align Technology, Inc. (NASDAQ:ALGN) to report earnings on January, 26. They expect $0.67 earnings per share, up 11.67% or $0.07 from last year’s $0.6 per share. ALGN’s profit will be $52.89 million for 35.64 P/E if the $0.67 EPS becomes a reality. After $0.63 actual earnings per share reported by Align Technology, Inc. for the previous quarter, Wall Street now forecasts 6.35% EPS growth.
More recent Align Technology, Inc. (NASDAQ:ALGN) news were published by: Fool.com which released: “Align Technology Inc. Beats Q3 Expectations With Record Invisalign Volume” on November 07, 2016. Also Streetinsider.com published the news titled: “Form 4 ALIGN TECHNOLOGY INC For: Nov 29 Filed by: Olson Jennifer” on November 30, 2016. Nasdaq.com‘s news article titled: “Earnings Reaction History: Align Technology, Inc., 71.4% Follow-Through ..” with publication date: November 07, 2016 was also an interesting one.
Align Technology, Inc., incorporated on April 3, 1997, designs, makes and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services used in dentistry, orthodontics and dental records storage. The Firm operates through two divisions: Clear Aligner segment and Scanner and Services (Scanner) segment. The Clear Aligner segment consists of its Invisalign System, which includes Invisalign Full, Express/Lite, Teen, Assist and Vivera Retainers, along with its training and ancillary products for treating malocclusion. The Scanner segment consists of intra-oral scanning systems and other services available with the intra-oral scanners that provide digital alternatives to the traditional cast models. The Company’s iTero scanner is used by dental professionals, and labs and services for restorative and orthodontic digital procedures, as well as Invisalign digital impression submission.
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By Nellie Frank