Insider Selling: Inogen Inc (INGN) Director Sells 13,000 Shares of Stock
Inogen Inc (NASDAQ:INGN) Director Raymond Huggenberger sold 13,000 shares of Inogen stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $116.19, for a total value of $1,510,470.00. Following the completion of the transaction, the director now owns 10,208 shares in the company, valued at approximately $1,186,067.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Raymond Huggenberger also recently made the following trade(s):
- On Friday, December 15th, Raymond Huggenberger sold 14,000 shares of Inogen stock. The stock was sold at an average price of $119.92, for a total value of $1,678,880.00.
Inogen Inc (NASDAQ INGN) traded down $0.96 during trading on Thursday, reaching $114.99. The company’s stock had a trading volume of 99,522 shares, compared to its average volume of 174,217. The company has a market cap of $2,400.00, a PE ratio of 80.41, a price-to-earnings-growth ratio of 3.94 and a beta of 1.13. Inogen Inc has a fifty-two week low of $62.69 and a fifty-two week high of $130.05.
Institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC lifted its holdings in shares of Inogen by 31.5% during the fourth quarter. Acadian Asset Management LLC now owns 6,980 shares of the medical technology company’s stock valued at $832,000 after purchasing an additional 1,674 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Inogen by 3.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 79,600 shares of the medical technology company’s stock valued at $9,479,000 after purchasing an additional 2,327 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Inogen by 7.2% during the fourth quarter. Louisiana State Employees Retirement System now owns 7,400 shares of the medical technology company’s stock valued at $881,000 after purchasing an additional 500 shares during the last quarter. Simplex Trading LLC purchased a new position in shares of Inogen during the fourth quarter valued at approximately $153,000. Finally, Atlantic Trust Group LLC purchased a new position in shares of Inogen during the third quarter valued at approximately $1,093,000.
Several analysts recently issued reports on the company. Zacks Investment Research cut Inogen from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Leerink Swann reissued an “outperform” rating and issued a $120.00 target price (up from $115.00) on shares of Inogen in a research note on Wednesday, November 8th. BidaskClub cut Inogen from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Finally, Needham & Company LLC raised their target price on Inogen from $108.00 to $125.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, November 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Inogen presently has an average rating of “Hold” and a consensus price target of $102.71.
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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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