Johanna Roberts Sells 600 Shares of Penumbra, Inc. (NYSE:PEN) Stock

Penumbra, Inc. (NYSE:PENGet Free Report) EVP Johanna Roberts sold 600 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $179.20, for a total value of $107,520.00. Following the completion of the sale, the executive vice president now owns 62,288 shares in the company, valued at $11,162,009.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Johanna Roberts also recently made the following trade(s):

  • On Monday, June 3rd, Johanna Roberts sold 600 shares of Penumbra stock. The shares were sold at an average price of $188.90, for a total value of $113,340.00.
  • On Monday, May 13th, Johanna Roberts sold 600 shares of Penumbra stock. The shares were sold at an average price of $207.41, for a total value of $124,446.00.

Penumbra Stock Up 0.8 %

Shares of PEN opened at $177.42 on Friday. The firm has a market capitalization of $6.88 billion, a price-to-earnings ratio of 74.86, a PEG ratio of 1.80 and a beta of 0.55. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.51 and a current ratio of 6.12. The business’s fifty day moving average price is $192.82 and its two-hundred day moving average price is $224.55. Penumbra, Inc. has a 52 week low of $170.59 and a 52 week high of $341.23.

Penumbra (NYSE:PENGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The firm had revenue of $278.70 million during the quarter, compared to the consensus estimate of $274.94 million. Penumbra had a net margin of 8.52% and a return on equity of 7.83%. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 earnings per share. On average, analysts predict that Penumbra, Inc. will post 2.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PEN shares. Truist Financial lowered their price objective on Penumbra from $290.00 to $280.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Needham & Company LLC reiterated a “hold” rating on shares of Penumbra in a research note on Wednesday, May 8th. Canaccord Genuity Group decreased their price target on Penumbra from $284.00 to $272.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Finally, Piper Sandler decreased their price target on Penumbra from $290.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $293.10.

Get Our Latest Stock Analysis on Penumbra

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp lifted its stake in shares of Penumbra by 13.9% in the 4th quarter. Fifth Third Bancorp now owns 378 shares of the company’s stock valued at $95,000 after purchasing an additional 46 shares during the period. Signaturefd LLC lifted its stake in shares of Penumbra by 27.2% in the 4th quarter. Signaturefd LLC now owns 215 shares of the company’s stock valued at $54,000 after purchasing an additional 46 shares during the period. Silvercrest Asset Management Group LLC lifted its stake in shares of Penumbra by 3.4% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,680 shares of the company’s stock valued at $375,000 after purchasing an additional 55 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Penumbra by 171.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 106 shares of the company’s stock valued at $27,000 after purchasing an additional 67 shares during the period. Finally, Financial Counselors Inc. lifted its stake in shares of Penumbra by 11.4% in the 4th quarter. Financial Counselors Inc. now owns 925 shares of the company’s stock valued at $233,000 after purchasing an additional 95 shares during the period. 88.88% of the stock is currently owned by institutional investors.

About Penumbra

(Get Free Report)

Penumbra, Inc, together with its subsidiaries, designs, develops, manufactures, and markets medical devices in the United States and internationally. The company offers peripheral products, including the Indigo System for power aspiration of thrombus in the body; Lightning Flash, a mechanical thrombectomy system; Lightning Bolt 7, an arterial thrombectomy system; and CAT RX.

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Insider Buying and Selling by Quarter for Penumbra (NYSE:PEN)

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