Accuray Incorporated (ARAY) CEO Joshua Levine Sells 15,839 Shares of Stock

Accuray Incorporated (NASDAQ:ARAY) CEO Joshua Levine sold 15,839 shares of the firm’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $4.00, for a total value of $63,356.00. Following the completion of the transaction, the chief executive officer now directly owns 1,340,197 shares in the company, valued at $5,360,788. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Joshua Levine also recently made the following trade(s):

  • On Monday, November 5th, Joshua Levine acquired 25,000 shares of Accuray stock. The stock was bought at an average cost of $4.75 per share, for a total transaction of $118,750.00.
  • On Wednesday, October 31st, Joshua Levine sold 18,742 shares of Accuray stock. The shares were sold at an average price of $4.69, for a total value of $87,899.98.
  • On Wednesday, October 3rd, Joshua Levine sold 17,242 shares of Accuray stock. The shares were sold at an average price of $4.38, for a total value of $75,519.96.

NASDAQ:ARAY traded down $0.15 during mid-day trading on Friday, hitting $3.78. The company had a trading volume of 18,987 shares, compared to its average volume of 581,685. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.69 and a quick ratio of 0.96. Accuray Incorporated has a 1 year low of $3.20 and a 1 year high of $6.15. The firm has a market capitalization of $344.04 million, a PE ratio of -13.61 and a beta of 1.51.

Accuray (NASDAQ:ARAY) last announced its earnings results on Tuesday, October 30th. The medical equipment provider reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.02). The business had revenue of $95.83 million for the quarter, compared to analyst estimates of $95.10 million. Accuray had a negative net margin of 5.79% and a negative return on equity of 42.24%. During the same quarter in the prior year, the business earned ($0.11) earnings per share. Equities analysts anticipate that Accuray Incorporated will post -0.14 EPS for the current year.

Several research analysts have commented on the company. BidaskClub lowered Accuray from a “sell” rating to a “strong sell” rating in a research report on Friday, August 17th. Citigroup cut their price objective on Accuray from $4.00 to $3.50 and set a “sell” rating on the stock in a research report on Friday, August 17th. BTIG Research reissued a “hold” rating on shares of Accuray in a research report on Wednesday, August 22nd. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $6.00 price objective on shares of Accuray in a research report on Friday, August 17th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Accuray has a consensus rating of “Hold” and an average target price of $5.63.

Several institutional investors have recently made changes to their positions in the company. First Trust Advisors LP grew its stake in shares of Accuray by 113.1% during the second quarter. First Trust Advisors LP now owns 27,337 shares of the medical equipment provider’s stock valued at $112,000 after acquiring an additional 14,508 shares in the last quarter. Northern Trust Corp grew its stake in Accuray by 1.5% in the second quarter. Northern Trust Corp now owns 1,043,016 shares of the medical equipment provider’s stock worth $4,276,000 after purchasing an additional 15,117 shares in the last quarter. California Public Employees Retirement System grew its stake in Accuray by 37.5% in the second quarter. California Public Employees Retirement System now owns 75,522 shares of the medical equipment provider’s stock worth $310,000 after purchasing an additional 20,600 shares in the last quarter. Bank of America Corp DE grew its stake in Accuray by 11.0% in the second quarter. Bank of America Corp DE now owns 216,507 shares of the medical equipment provider’s stock worth $888,000 after purchasing an additional 21,391 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its stake in Accuray by 110.2% in the third quarter. Dynamic Technology Lab Private Ltd now owns 42,993 shares of the medical equipment provider’s stock worth $193,000 after purchasing an additional 22,544 shares in the last quarter. Institutional investors own 84.28% of the company’s stock.

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About Accuray

Accuray Incorporated designs, develops, and sells radiosurgery and radiation therapy systems for the treatment of tumors in the body. The company offers the CyberKnife System, a robotic stereotactic radiosurgery and stereotactic body radiation therapy system used for the treatment of various types of cancer and tumors in the body.

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