The SVP, Legal Affairs & GC of Align Tech (NASDAQ: ALGN) is Selling Shares

By Carrie Williams

Yesterday, the SVP, Legal Affairs & GC of Align Tech (ALGNResearch Report), Roger George, sold shares of ALGN for $1.04M.

Following Roger George’s last ALGN Sell transaction on February 22, 2019, the stock climbed by 71.7%. In addition to Roger George, 4 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 $16.61M worth of ALGN shares and purchased $1.16M worth of ALGN shares. The insider sentiment on Align Tech has been negative according to 56 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. 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.