Cutera, Inc. (NASDAQ:CUTR) CFO Ronald J. Santilli sold 5,775 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $40.43, for a total value of $233,483.25. Following the transaction, the chief financial officer now directly owns 50,012 shares of the company’s stock, valued at approximately $2,021,985.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Cutera, Inc. (NASDAQ CUTR) traded down 2.59% during mid-day trading on Wednesday, hitting $39.45. The stock had a trading volume of 240,049 shares. The stock has a market cap of $552.50 million, a price-to-earnings ratio of 84.84 and a beta of 0.52. Cutera, Inc. has a 12 month low of $10.70 and a 12 month high of $41.15. The stock’s 50-day moving average price is $33.06 and its 200-day moving average price is $24.97.

Cutera (NASDAQ:CUTR) last announced its earnings results on Monday, August 7th. The medical device company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.10. The firm had revenue of $36.40 million during the quarter, compared to analysts’ expectations of $32.08 million. Cutera had a return on equity of 11.64% and a net margin of 5.07%. The company’s quarterly revenue was up 32.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 EPS. On average, analysts predict that Cutera, Inc. will post $0.52 earnings per share for the current year.

Cutera declared that its board has initiated a share buyback plan on Monday, August 7th that allows the company to buyback $25.00 million in shares. This buyback authorization allows the medical device company to buy up to 6.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

TRADEMARK VIOLATION WARNING: “Cutera, Inc. (CUTR) CFO Ronald J. Santilli Sells 5,775 Shares” was first reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://www.dailypolitical.com/2017/09/13/cutera-inc-cutr-cfo-ronald-j-santilli-sells-5775-shares.html.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Morgan Stanley boosted its holdings in Cutera by 23.3% during the 1st quarter. Morgan Stanley now owns 67,345 shares of the medical device company’s stock valued at $1,395,000 after acquiring an additional 12,734 shares during the period. Scout Investments Inc. purchased a new position in Cutera during the 2nd quarter valued at $1,454,000. Kennedy Capital Management Inc. purchased a new position in Cutera during the 2nd quarter valued at $9,426,000. Driehaus Capital Management LLC purchased a new position in Cutera during the 1st quarter valued at $363,000. Finally, Insight Capital Research & Management Inc. purchased a new position in Cutera during the 2nd quarter valued at $797,000. Institutional investors own 89.15% of the company’s stock.

Several brokerages have issued reports on CUTR. Roth Capital upped their target price on Cutera from $41.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday. TheStreet raised Cutera from a “c” rating to a “b” rating in a research note on Friday, August 18th. BidaskClub raised Cutera from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Gabelli reaffirmed a “buy” rating on shares of Cutera in a research note on Wednesday, August 9th. Finally, Maxim Group reissued a “buy” rating and set a $33.00 price objective (up previously from $27.00) on shares of Cutera in a research note on Thursday, July 13th. Six investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of $35.25.

About Cutera

Cutera, Inc is a medical device company. The Company is engaged in the design, development, manufacture, marketing and servicing of laser and other energy-based aesthetics systems for practitioners across the world. The Company offers products based on product platforms, such as enlighten, excel HR, truSculpt, excel V and xeo, each of which enables physicians and other practitioners to perform aesthetic procedures for customers.

Insider Buying and Selling by Quarter for Cutera (NASDAQ:CUTR)

Receive News & Ratings for Cutera Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cutera Inc. and related companies with MarketBeat.com's FREE daily email newsletter.