Richard Buchholz Sells 4,000 Shares of Inspire Medical Systems (NASDAQ:INSP) Stock

Inspire Medical Systems (NASDAQ:INSP) CFO Richard Buchholz sold 4,000 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $56.05, for a total transaction of $224,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Richard Buchholz also recently made the following trade(s):

  • On Wednesday, March 20th, Richard Buchholz sold 2,000 shares of Inspire Medical Systems stock. The stock was sold at an average price of $56.25, for a total transaction of $112,500.00.
  • On Wednesday, February 20th, Richard Buchholz sold 2,000 shares of Inspire Medical Systems stock. The stock was sold at an average price of $56.87, for a total transaction of $113,740.00.
  • On Tuesday, January 22nd, Richard Buchholz sold 6,000 shares of Inspire Medical Systems stock. The stock was sold at an average price of $54.18, for a total transaction of $325,080.00.

NASDAQ:INSP traded down $1.84 during mid-day trading on Friday, reaching $50.98. The stock had a trading volume of 413,903 shares, compared to its average volume of 335,746. Inspire Medical Systems has a fifty-two week low of $25.30 and a fifty-two week high of $64.34.

Inspire Medical Systems (NASDAQ:INSP) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.35) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.04. The firm had revenue of $16.30 million during the quarter, compared to analyst estimates of $17.79 million. The business’s quarterly revenue was up 63.0% compared to the same quarter last year.

Hedge funds have recently made changes to their positions in the business. Capital Financial Planning LLC acquired a new position in Inspire Medical Systems during the fourth quarter valued at approximately $27,000. FinTrust Capital Advisors LLC acquired a new position in Inspire Medical Systems during the first quarter valued at approximately $34,000. Rockefeller Capital Management L.P. acquired a new position in Inspire Medical Systems during the first quarter valued at approximately $37,000. Arcadia Investment Management Corp MI acquired a new position in Inspire Medical Systems during the fourth quarter valued at approximately $40,000. Finally, Great West Life Assurance Co. Can acquired a new position in Inspire Medical Systems during the fourth quarter valued at approximately $50,000.

A number of equities analysts recently commented on the company. Zacks Investment Research downgraded Inspire Medical Systems from a “buy” rating to a “hold” rating in a report on Saturday. Dougherty & Co assumed coverage on Inspire Medical Systems in a report on Tuesday, February 5th. They issued a “buy” rating and a $64.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $43.56.

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About Inspire Medical Systems

Inspire Medical Systems, Inc, a medical technology company, focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea (OSA). It offers Inspire system, a neurostimulation technology that provides a safe and effective treatment for moderate to severe obstructive sleep apnea.

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