Goldman Sachs Group Inc. increased its position in shares of Inogen, Inc (NASDAQ:INGN) by 91.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 128,043 shares of the medical technology company’s stock after acquiring an additional 61,291 shares during the period. Goldman Sachs Group Inc. owned approximately 0.62% of Inogen worth $12,217,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. acquired a new position in Inogen during the first quarter worth about $109,000. Schroder Investment Management Group acquired a new position in Inogen during the second quarter worth about $132,000. Victory Capital Management Inc. grew its holdings in Inogen by 36.1% during the first quarter. Victory Capital Management Inc. now owns 1,729 shares of the medical technology company’s stock worth $134,000 after acquiring an additional 459 shares during the period. Sei Investments Co. grew its holdings in Inogen by 38.1% during the second quarter. Sei Investments Co. now owns 1,606 shares of the medical technology company’s stock worth $153,000 after acquiring an additional 443 shares during the period. Finally, Jane Street Group LLC acquired a new position in Inogen during the first quarter worth about $203,000.
A number of equities analysts recently weighed in on INGN shares. Zacks Investment Research cut Inogen from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub cut Inogen from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Needham & Company LLC reissued a “buy” rating and issued a $108.00 price target on shares of Inogen in a research note on Friday, September 1st. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $90.00 price target on shares of Inogen in a research note on Tuesday, September 12th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $90.80.
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Shares of Inogen, Inc (INGN) traded up 1.165% during midday trading on Friday, reaching $95.995. The company’s stock had a trading volume of 7,002 shares. Inogen, Inc has a 12 month low of $50.24 and a 12 month high of $105.35. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 83.329 and a beta of 0.99. The stock has a 50-day moving average of $98.06 and a 200 day moving average of $91.95.
Inogen (NASDAQ:INGN) last issued its quarterly earnings results on Thursday, August 3rd. The medical technology company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.28 by $0.10. Inogen had a return on equity of 12.45% and a net margin of 10.36%. The firm had revenue of $64.10 million during the quarter, compared to analysts’ expectations of $59.99 million. During the same period in the prior year, the firm posted $0.25 earnings per share. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. On average, analysts predict that Inogen, Inc will post $1.21 earnings per share for the current fiscal year.
In other news, Director Raymond Huggenberger sold 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $91.67, for a total value of $1,283,380.00. Following the completion of the sale, the director now directly owns 7,808 shares of the company’s stock, valued at $715,759.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Alison Bauerlein sold 6,667 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $92.64, for a total value of $617,630.88. Following the completion of the sale, the executive vice president now directly owns 15,000 shares of the company’s stock, valued at $1,389,600. The disclosure for this sale can be found here. Insiders have sold 73,667 shares of company stock valued at $7,041,641 over the last three months. Insiders own 5.31% of the company’s stock.
Inogen Company Profile
Inogen, Inc is a medical technology company. The Company develops, manufactures and markets portable oxygen concentrators used to deliver supplemental long-term oxygen therapy to patients suffering from chronic respiratory conditions. The Company’s Inogen One systems concentrate the air around the patient to offer a single source of supplemental oxygen anytime, anywhere with a portable device.
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