Align Technology, Inc. (NASDAQ:ALGN) EVP Emory Wright Sells 2,524 Shares of Stock

Align Technology, Inc. (NASDAQ:ALGNGet Free Report) EVP Emory Wright sold 2,524 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $287.45, for a total transaction of $725,523.80. Following the completion of the transaction, the executive vice president now directly owns 709 shares of the company’s stock, valued at approximately $203,802.05. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Align Technology Price Performance

Shares of NASDAQ:ALGN opened at $296.37 on Friday. The company’s fifty day moving average price is $262.43 and its 200 day moving average price is $281.28. Align Technology, Inc. has a 12 month low of $176.34 and a 12 month high of $413.20. The firm has a market capitalization of $22.70 billion, a P/E ratio of 50.92, a P/E/G ratio of 2.95 and a beta of 1.64.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Piper Sandler lifted their price objective on shares of Align Technology from $290.00 to $335.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Morgan Stanley decreased their price objective on shares of Align Technology from $415.00 to $378.00 and set an “overweight” rating for the company in a research report on Thursday, October 26th. The Goldman Sachs Group lifted their price objective on shares of Align Technology from $197.00 to $225.00 and gave the stock a “sell” rating in a research report on Friday, February 2nd. UBS Group lifted their price objective on shares of Align Technology from $200.00 to $260.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. Finally, Stifel Nicolaus cut their price target on shares of Align Technology from $430.00 to $390.00 and set a “buy” rating on the stock in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $338.90.

View Our Latest Research Report on Align Technology

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Raymond James Trust N.A. boosted its holdings in shares of Align Technology by 39.4% in the first quarter. Raymond James Trust N.A. now owns 934 shares of the medical equipment provider’s stock valued at $407,000 after acquiring an additional 264 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Align Technology by 11.1% in the first quarter. Dimensional Fund Advisors LP now owns 180,978 shares of the medical equipment provider’s stock valued at $78,911,000 after acquiring an additional 18,153 shares in the last quarter. Prudential PLC purchased a new stake in shares of Align Technology in the first quarter valued at about $955,000. Cetera Investment Advisers boosted its holdings in shares of Align Technology by 4.9% in the first quarter. Cetera Investment Advisers now owns 1,713 shares of the medical equipment provider’s stock valued at $747,000 after acquiring an additional 80 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Align Technology by 17.1% in the first quarter. Sequoia Financial Advisors LLC now owns 526 shares of the medical equipment provider’s stock valued at $229,000 after acquiring an additional 77 shares in the last quarter. 87.07% of the stock is currently owned by institutional investors and hedge funds.

Align Technology Company Profile

(Get Free Report)

Align Technology, Inc designs, manufactures, and markets Invisalign clear aligners, and iTero intraoral scanners and services for orthodontists and general practitioner dentists in the United States, Switzerland, China, and internationally. It operates in two segments, Clear Aligner; and Imaging Systems and CAD/CAM Services (Systems and Services).

Featured Articles

Receive News & Ratings for Align Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Align Technology and related companies with MarketBeat.com's FREE daily email newsletter.