November 30, 2016 - By Nellie Frank
director, Warren Thaler is the Align Technology Inc’s insider who unloaded shares of Align Technology Inc, 8,500 to be precise. The sold shares were based on an average share price of $95.6, with the deal having a market value near $812,348 U.S. Dollars. Warren Thaler now owns 130,984 shares which make up exactly 0.16% of the California-Company’s market cap (total dollar market value of all company’s outstanding shares). The transaction was revealed in a filing which was filed with the Security and Exchange Commission on November 29, 2016, which is available for access here.
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 firm has “Neutral” rating given on Monday, October 3 by Robert W. Baird. On Wednesday, March 23 the stock rating was maintained by Roth Capital with “Buy”. Stifel Nicolaus maintained it with “Buy” rating and $110 target price in Monday, November 28 report. The rating was maintained by Stifel Nicolaus on Friday, October 23 with “Buy”. The firm has “Outperform” rating by Credit Suisse given on Wednesday, May 11. The firm earned “Buy” rating on Friday, January 29 by Stifel Nicolaus. The rating was initiated by Leerink Swann with “Outperform” on Friday, September 11. Piper Jaffray initiated the stock with “Overweight” rating in Wednesday, November 18 report.
Insitutional Activity: The institutional sentiment increased to 1.41 in Q2 2016. Its up 0.16, from 1.25 in 2016Q1. The ratio increased, 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.
Panagora Asset has 11,796 shares for 0% of their US portfolio. Blackrock last reported 0.01% of its portfolio in the stock. Schwab Charles Invest has invested 0.03% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN). Moreover, Cubist Systematic Strategies Limited Liability Corporation has 0.06% invested in Align Technology, Inc. (NASDAQ:ALGN) for 13,580 shares. Daruma Cap Ltd Liability Corp accumulated 42,420 shares or 0.22% of the stock. Moreover, Rathbone Brothers Plc has 1.16% invested in Align Technology, Inc. (NASDAQ:ALGN) for 261,000 shares. Sg Americas Securities Ltd Com holds 0.01% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN) for 22,907 shares. New York State Common Retirement Fund last reported 0.03% of its portfolio in the stock. Capstone Asset Mgmt has 9,426 shares for 0.02% of their US portfolio. Barclays Public Limited Com holds 0.01% or 64,476 shares in its portfolio. Evercore Wealth Management Limited Liability Corp has invested 0% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN). Macquarie Gru Limited last reported 126,346 shares in the company. Federated Incorporated Pa holds 0.01% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN) for 41,648 shares. Strs Ohio holds 0.22% or 605,000 shares in its portfolio. Moreover, Castleark Management has 0.14% invested in Align Technology, Inc. (NASDAQ:ALGN) for 54,540 shares.
Insider Transactions: Since August 9, 2016, the stock had 0 insider buys, and 7 insider sales for $12.87 million net activity. 799 Align Technology, Inc. (NASDAQ:ALGN) shares with value of $74,545 were sold by Olson Jennifer. SANTORA GREG J had sold 10,700 shares worth $979,130 on Friday, November 11. 37,521 Align Technology, Inc. (NASDAQ:ALGN) shares with value of $3.45M were sold by LACOB JOSEPH. Shares for $1.07 million were sold by WHITE DAVID L. 3,000 shares were sold by Tay Julie, worth $277,800. The insider Relic Zelko sold $1.30M.
The stock increased 0.18% or $0.17 during the last trading session, hitting $95.51. About 1.09 million 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 EPS, 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 EPS reported by Align Technology, Inc. for the previous quarter, Wall Street now forecasts 6.35% EPS growth.
More news for Align Technology, Inc. (NASDAQ:ALGN) were recently published by: Fool.com, which released: “Align Technology Inc. Beats Q3 Expectations With Record Invisalign Volume” on November 07, 2016. Nasdaq.com‘s article titled: “Earnings Reaction History: Align Technology, Inc., 71.4% Follow-Through ..” and published on November 07, 2016 is yet another important article.
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