A Director at Omnicell (NASDAQ: OMCL) is Buying Shares

By Carrie Williams

Today, a Director at Omnicell (NASDAQ: OMCL), Gary Petersmeyer, bought shares of OMCL for $76.1K.

This is Petersmeyer’s first Buy trade following 26 Sell transactions. This recent transaction increases Gary Petersmeyer’s holding in the company by 4.52% to a total of $1.76 million.

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Based on Omnicell’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $183 million and quarterly net profit of $2.72 million. In comparison, last year the company earned revenue of $151 million and had a GAAP net loss of $10.75 million. OMCL’s market cap is $1.79B and the company has a P/E ratio of 52.93. Currently, Omnicell has an average volume of 292.6K.

Five different firms, including Cantor Fitzgerald and Craig-Hallum, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $781.9K worth of OMCL shares and purchased $76.1K worth of OMCL shares. The insider sentiment on Omnicell has been negative according to 85 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Omnicell, Inc. engages in the provision of automation and business analytics software solutions for patient-centric medication and supply management. It operates through Automation and Analytics, and Medication Adherence segments.