ShockWave Medical, Inc. (NASDAQ:SWAV – Get Rating) Director Frank T. Watkins sold 3,000 shares of the company’s stock in a transaction on Friday, May 20th. The stock was sold at an average price of $162.98, for a total transaction of $488,940.00. Following the completion of the sale, the director now owns 20,802 shares of the company’s stock, valued at approximately $3,390,309.96. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of SWAV traded up $7.30 during midday trading on Monday, hitting $165.57. 466,717 shares of the company traded hands, compared to its average volume of 487,471. The stock has a 50-day moving average of $179.47 and a 200-day moving average of $175.23. ShockWave Medical, Inc. has a one year low of $113.36 and a one year high of $249.73. The firm has a market cap of $5.93 billion, a P/E ratio of 215.03 and a beta of 1.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.07 and a quick ratio of 5.03.
ShockWave Medical (NASDAQ:SWAV – Get Rating) last announced its quarterly earnings results on Monday, May 9th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.20. ShockWave Medical had a return on equity of 12.36% and a net margin of 9.70%. The firm had revenue of $93.70 million for the quarter, compared to analysts’ expectations of $86.41 million. During the same period in the prior year, the business posted ($0.68) earnings per share. The company’s revenue was up 193.7% on a year-over-year basis. Sell-side analysts forecast that ShockWave Medical, Inc. will post 1.85 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of SWAV. Rockefeller Capital Management L.P. grew its position in ShockWave Medical by 104.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 166 shares of the company’s stock valued at $29,000 after acquiring an additional 85 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in ShockWave Medical in the third quarter worth $38,000. AdvisorShares Investments LLC purchased a new position in ShockWave Medical during the first quarter valued at $40,000. PNC Financial Services Group Inc. lifted its position in ShockWave Medical by 30.3% during the third quarter. PNC Financial Services Group Inc. now owns 202 shares of the company’s stock valued at $41,000 after buying an additional 47 shares during the period. Finally, PenderFund Capital Management Ltd. bought a new position in shares of ShockWave Medical during the first quarter valued at $41,000. Institutional investors own 89.06% of the company’s stock.
About ShockWave Medical (Get Rating)
ShockWave Medical, Inc, a medical device company, engages in developing and commercializing intravascular lithotripsy technology for the treatment of calcified plaque in patients with peripheral vascular, coronary vascular, and heart valve diseases worldwide. The company offers M5 catheters for treating above-the-knee peripheral artery disease (PAD); C2 catheters for treating coronary artery disease; and S4 catheters for treating below-the-knee PAD.
- Get a free copy of the StockNews.com research report on ShockWave Medical (SWAV)
- Time to Ring the Register on Funko Stock
- Under Armor Stock is Getting Undervalued
- Palo Alto Networks Bottoms But A Rebound May Not Be Coming
- Stock Market Downgrades Are Dragging The S&P 500 Lower
- The Institutions Go Long Saia, Inc In Q2
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
Receive News & Ratings for ShockWave Medical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ShockWave Medical and related companies with MarketBeat.com's FREE daily email newsletter.