Insider Selling: Masimo Corporation (MASI) Insider Sells 15,000 Shares of Stock

Masimo Corporation (NASDAQ:MASI) insider Rick Fishel sold 15,000 shares of the stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $92.85, for a total value of $1,392,750.00. Following the sale, the insider now directly owns 35,022 shares in the company, valued at $3,251,792.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Rick Fishel also recently made the following trade(s):

  • On Friday, July 14th, Rick Fishel sold 15,000 shares of Masimo Corporation stock. The shares were sold at an average price of $94.85, for a total value of $1,422,750.00.

Masimo Corporation (MASI) opened at 85.39 on Wednesday. The firm has a 50-day moving average of $93.48 and a 200-day moving average of $89.40. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 14.00 and a beta of 0.80. Masimo Corporation has a 1-year low of $53.78 and a 1-year high of $104.71.

Masimo Corporation (NASDAQ:MASI) last announced its earnings results on Wednesday, August 2nd. The medical equipment provider reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.12. Masimo Corporation had a net margin of 45.90% and a return on equity of 23.45%. The firm had revenue of $192.90 million for the quarter, compared to analyst estimates of $189.03 million. During the same quarter last year, the business earned $0.57 earnings per share. Masimo Corporation’s revenue was up 11.8% compared to the same quarter last year. Equities research analysts anticipate that Masimo Corporation will post $2.80 EPS for the current year.

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A number of equities research analysts have recently commented on the company. Wedbush restated an “outperform” rating and set a $112.00 target price on shares of Masimo Corporation in a research report on Monday, May 22nd. Stifel Nicolaus started coverage on Masimo Corporation in a report on Monday, July 10th. They issued a “buy” rating and a $105.00 price objective on the stock. BidaskClub upgraded Masimo Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Roth Capital lifted their price objective on Masimo Corporation from $96.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 19th. Finally, Zacks Investment Research cut Masimo Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $94.00.

Institutional investors have recently bought and sold shares of the company. Meritage Portfolio Management bought a new position in Masimo Corporation during the first quarter worth $5,109,000. Acadian Asset Management LLC increased its position in shares of Masimo Corporation by 45.0% in the first quarter. Acadian Asset Management LLC now owns 1,399,187 shares of the medical equipment provider’s stock worth $130,489,000 after buying an additional 434,389 shares in the last quarter. ProShare Advisors LLC raised its stake in Masimo Corporation by 11.5% in the first quarter. ProShare Advisors LLC now owns 8,418 shares of the medical equipment provider’s stock worth $785,000 after buying an additional 870 shares during the last quarter. Personal Capital Advisors Corp purchased a new stake in Masimo Corporation during the first quarter worth $234,000. Finally, Nationwide Fund Advisors raised its stake in Masimo Corporation by 25.8% in the first quarter. Nationwide Fund Advisors now owns 324,526 shares of the medical equipment provider’s stock worth $30,265,000 after buying an additional 66,524 shares during the last quarter. 84.39% of the stock is currently owned by institutional investors.

About Masimo Corporation

Masimo Corporation is a medical technology company that develops, manufactures and markets a range of non-invasive patient monitoring technologies. The Company’s business is Measure-through Motion and Low Perfusion pulse oximetry monitoring, known as Masimo Signal Extraction Technology (SET) pulse oximetry.

Insider Buying and Selling by Quarter for Masimo Corporation (NASDAQ:MASI)

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