The CMO & Bus. Dev. of Align Tech (NASDAQ: ALGN) is Selling Shares

By Carrie Williams

Yesterday, the CMO & Bus. Dev. of Align Tech (ALGNResearch Report), Raphael Pascaud, sold shares of ALGN for $4.89M.

In addition to Raphael Pascaud, 3 other ALGN executives reported Sell trades in the last month.

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Based on Align Tech’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $549 million and quarterly net profit of $71.85 million. In comparison, last year the company earned revenue of $437 million and had a net profit of $95.87 million. ALGN’s market cap is $26.06B and the company has a P/E ratio of 70.35. Currently, Align Tech has an average volume of 727.3K.

One of the top 25 analysts, according to TipRanks.com, recently recommended Buy ALGN with a $350 price target. Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $336.17, reflecting a 3.2% upside.

In the last 30 days, insiders have sold $15.57M worth of ALGN shares and purchased $1.16M worth of ALGN shares. The insider sentiment on Align Tech has been neutral according to 53 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

Raphael Pascaud’s trades have generated a -37.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Align Technology, Inc. engages in the manufacture, design, and marketing of global medical devices. It operates through the Clear Aligner, and Scanner and Services segments. The Clear Aligner segment consists of invisalign full, teen and assist products, and vivera retainers along with training and ancillary products for treating malocclusion.