Insider Selling: Masimo Corporation (MASI) EVP Sells $1,249,873.68 in Stock

Masimo Corporation (NASDAQ:MASI) EVP Yongsam Lee sold 13,976 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $89.43, for a total transaction of $1,249,873.68. Following the transaction, the executive vice president now owns 74,000 shares in the company, valued at $6,617,820. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Yongsam Lee also recently made the following trade(s):

  • On Wednesday, November 1st, Yongsam Lee sold 5,000 shares of Masimo Corporation stock. The stock was sold at an average price of $89.89, for a total transaction of $449,450.00.

Masimo Corporation (NASDAQ MASI) opened at $86.49 on Friday. The firm has a market cap of $4,469.02, a PE ratio of 33.14, a price-to-earnings-growth ratio of 2.91 and a beta of 0.75. Masimo Corporation has a fifty-two week low of $60.03 and a fifty-two week high of $104.71.

Masimo Corporation (NASDAQ:MASI) last posted its earnings results on Tuesday, October 31st. The medical equipment provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.17. The company had revenue of $193.69 million for the quarter, compared to analyst estimates of $189.01 million. Masimo Corporation had a net margin of 45.83% and a return on equity of 22.17%. Masimo Corporation’s revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 EPS. research analysts expect that Masimo Corporation will post 2.96 EPS for the current year.

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A number of equities analysts recently weighed in on the stock. BidaskClub lowered shares of Masimo Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. BTIG Research upgraded shares of Masimo Corporation from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Monday, August 14th. Stifel Nicolaus restated a “buy” rating and set a $108.00 price target on shares of Masimo Corporation in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of Masimo Corporation from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Thursday, November 2nd. Finally, Roth Capital boosted their price target on shares of Masimo Corporation from $96.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $97.17.

A number of large investors have recently bought and sold shares of the business. Alps Advisors Inc. boosted its holdings in Masimo Corporation by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 4,997 shares of the medical equipment provider’s stock valued at $456,000 after purchasing an additional 13 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in Masimo Corporation by 0.6% in the 2nd quarter. Sterling Capital Management LLC now owns 7,803 shares of the medical equipment provider’s stock valued at $711,000 after purchasing an additional 44 shares during the last quarter. Ifrah Financial Services Inc. boosted its holdings in Masimo Corporation by 1.2% in the 2nd quarter. Ifrah Financial Services Inc. now owns 4,564 shares of the medical equipment provider’s stock valued at $416,000 after purchasing an additional 53 shares during the last quarter. Hanseatic Management Services Inc. boosted its holdings in Masimo Corporation by 1.1% in the 2nd quarter. Hanseatic Management Services Inc. now owns 5,273 shares of the medical equipment provider’s stock valued at $481,000 after purchasing an additional 58 shares during the last quarter. Finally, Dubuque Bank & Trust Co. raised its stake in shares of Masimo Corporation by 3.4% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,869 shares of the medical equipment provider’s stock valued at $170,000 after acquiring an additional 61 shares during the period. Institutional investors own 83.94% of the company’s stock.

About Masimo Corporation

Masimo Corporation is a medical technology company that develops, manufactures and markets a range of non-invasive patient monitoring technologies. The Company’s business is Measure-through Motion and Low Perfusion pulse oximetry monitoring, known as Masimo Signal Extraction Technology (SET) pulse oximetry.

Insider Buying and Selling by Quarter for Masimo Corporation (NASDAQ:MASI)

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