Raymond Huggenberger Sells 14,000 Shares of Inogen, Inc (INGN) Stock
Inogen, Inc (NASDAQ:INGN) Director Raymond Huggenberger sold 14,000 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $102.30, for a total value of $1,432,200.00. Following the transaction, the director now owns 7,808 shares in the company, valued at approximately $798,758.40. The sale was disclosed in a document filed with the SEC, which is available through this link.
Raymond Huggenberger also recently made the following trade(s):
- On Tuesday, August 15th, Raymond Huggenberger sold 14,000 shares of Inogen stock. The shares were sold at an average price of $91.67, for a total value of $1,283,380.00.
- On Friday, July 14th, Raymond Huggenberger sold 14,000 shares of Inogen stock. The shares were sold at an average price of $92.96, for a total value of $1,301,440.00.
Inogen, Inc (NASDAQ INGN) opened at 103.58 on Thursday. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 89.91 and a beta of 1.02. The stock’s 50 day moving average price is $96.45 and its 200-day moving average price is $88.05. Inogen, Inc has a 12 month low of $50.24 and a 12 month high of $105.35.
Inogen (NASDAQ:INGN) last announced its quarterly earnings data on Thursday, August 3rd. The medical technology company reported $0.38 earnings per share for the quarter, topping the Zacks’ 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 for the quarter, compared to analyst estimates of $59.99 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. Inogen’s quarterly revenue was up 17.4% on a year-over-year basis. Equities research analysts predict that Inogen, Inc will post $1.21 EPS for the current year.
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INGN has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Inogen from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Needham & Company LLC decreased their target price on Inogen from $108.00 to $96.00 and set a “strong-buy” rating on the stock in a research report on Thursday, June 8th. J P Morgan Chase & Co increased their target price on Inogen to $102.00 and gave the company an “overweight” rating in a research report on Monday, June 26th. Piper Jaffray Companies reiterated a “hold” rating and set a $90.00 target price on shares of Inogen in a research report on Tuesday, September 12th. Finally, BidaskClub upgraded Inogen from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 8th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Inogen has an average rating of “Buy” and a consensus price target of $91.33.
A number of hedge funds have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new position in Inogen during the second quarter worth $442,000. Koch Industries Inc. grew its holdings in Inogen by 19,485.8% during the second quarter. Koch Industries Inc. now owns 657,102 shares of the medical technology company’s stock worth $650,000 after acquiring an additional 653,747 shares during the period. Verition Fund Management LLC acquired a new position in Inogen during the second quarter worth $280,000. Piedmont Investment Advisors LLC acquired a new position in Inogen during the second quarter worth $336,000. Finally, Ameritas Investment Partners Inc. grew its holdings in Inogen by 6.1% during the second quarter. Ameritas Investment Partners Inc. now owns 1,495 shares of the medical technology company’s stock worth $143,000 after acquiring an additional 86 shares during the period.
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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