Intersect ENT Inc (NASDAQ:XENT) insider Gwen R. Carscadden sold 10,000 shares of Intersect ENT stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $34.35, for a total transaction of $343,500.00. Following the completion of the sale, the insider now owns 13,856 shares of the company’s stock, valued at $475,953.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Intersect ENT Inc (NASDAQ:XENT) opened at $33.95 on Thursday. The stock has a market cap of $1,000.00, a P/E ratio of -54.76 and a beta of 0.67. Intersect ENT Inc has a 12-month low of $11.75 and a 12-month high of $35.34.
Intersect ENT (NASDAQ:XENT) last announced its earnings results on Thursday, November 2nd. The medical equipment provider reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.05. The company had revenue of $22.31 million during the quarter, compared to analyst estimates of $21.53 million. Intersect ENT had a negative net margin of 19.81% and a negative return on equity of 15.96%. The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.22) earnings per share. equities analysts forecast that Intersect ENT Inc will post -0.63 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in XENT. Great West Life Assurance Co. Can bought a new stake in Intersect ENT during the third quarter valued at approximately $116,000. Oppenheimer Asset Management Inc. bought a new stake in Intersect ENT during the third quarter valued at approximately $117,000. Bank of Montreal Can bought a new stake in Intersect ENT during the fourth quarter valued at approximately $135,000. Legal & General Group Plc grew its position in Intersect ENT by 3.8% during the second quarter. Legal & General Group Plc now owns 6,939 shares of the medical equipment provider’s stock valued at $193,000 after buying an additional 255 shares during the period. Finally, Moors & Cabot Inc. bought a new stake in Intersect ENT during the second quarter valued at approximately $205,000. Institutional investors own 86.31% of the company’s stock.
About Intersect ENT
Intersect ENT, Inc is a commercial-stage drug-device company. The Company develops drugs for patients with ear, nose and throat (ENT) conditions. The Company has developed a drug releasing bioabsorbable implant technology that enables targeted and sustained release of therapeutic agents. This targeted drug delivery technology is designed to allow ENT physicians to manage patient care.
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