RxSight, Inc. (NASDAQ:RXST – Get Free Report) CEO Ronald M. Md Kurtz sold 40,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $60.15, for a total transaction of $2,406,000.00. Following the sale, the chief executive officer now owns 764,610 shares of the company’s stock, valued at approximately $45,991,291.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
RxSight Stock Up 1.9 %
Shares of NASDAQ RXST opened at $62.84 on Tuesday. The business has a 50-day simple moving average of $52.73 and a two-hundred day simple moving average of $43.06. RxSight, Inc. has a 52 week low of $18.35 and a 52 week high of $64.92. The company has a market cap of $2.32 billion, a P/E ratio of -43.94 and a beta of 1.21.
RxSight (NASDAQ:RXST – Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.10. RxSight had a negative net margin of 54.57% and a negative return on equity of 31.16%. The business had revenue of $28.58 million for the quarter, compared to analyst estimates of $28.60 million. Equities research analysts anticipate that RxSight, Inc. will post -0.94 EPS for the current year.
Wall Street Analyst Weigh In
Get Our Latest Analysis on RxSight
Institutional Investors Weigh In On RxSight
Several large investors have recently added to or reduced their stakes in RXST. Quantbot Technologies LP raised its holdings in shares of RxSight by 8.4% in the 1st quarter. Quantbot Technologies LP now owns 53,686 shares of the company’s stock valued at $2,769,000 after acquiring an additional 4,167 shares in the last quarter. Larson Financial Group LLC purchased a new stake in RxSight in the first quarter valued at approximately $51,000. GSA Capital Partners LLP bought a new stake in RxSight during the first quarter valued at approximately $1,929,000. RiverPark Advisors LLC grew its stake in RxSight by 361.4% in the 1st quarter. RiverPark Advisors LLC now owns 3,082 shares of the company’s stock worth $159,000 after buying an additional 2,414 shares in the last quarter. Finally, FORA Capital LLC increased its holdings in shares of RxSight by 5.6% in the 1st quarter. FORA Capital LLC now owns 11,695 shares of the company’s stock worth $603,000 after buying an additional 622 shares during the last quarter. Institutional investors own 78.78% of the company’s stock.
RxSight Company Profile
RxSight, Inc, a commercial-stage medical device company, engages in the research and development, manufacture, and sale of light adjustable intraocular lenses (LAL) used in cataract surgery in the United States and internationally. It offers RxSight system that enables doctors to customize and enhance the visual acuity for patients after cataract surgery.
Featured Articles
- Five stocks we like better than RxSight
- Stock Dividend Cuts Happen Are You Ready?
- 3 CEO-Led Turnaround Stocks You Can Still Buy
- Why Invest in 5G Stocks
- 3 Value Stocks You Can Buy Before They Become Big
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- Chinese Stocks Stage Impressive Rebound
Receive News & Ratings for RxSight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RxSight and related companies with MarketBeat.com's FREE daily email newsletter.