Axonics Modulation Technologies Inc (AXNX) COO Rinda Sama Sells 13,345 Shares

Axonics Modulation Technologies Inc (NASDAQ:AXNX) COO Rinda Sama sold 13,345 shares of Axonics Modulation Technologies stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $28.03, for a total transaction of $374,060.35. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

AXNX opened at $31.73 on Thursday. The company has a market cap of $896.88 million and a PE ratio of -6.84. Axonics Modulation Technologies Inc has a 52-week low of $11.95 and a 52-week high of $32.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 22.07 and a current ratio of 22.83.

Axonics Modulation Technologies (NASDAQ:AXNX) last posted its quarterly earnings data on Tuesday, March 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.18). The firm had revenue of $0.49 million for the quarter, compared to the consensus estimate of $0.24 million. Equities research analysts predict that Axonics Modulation Technologies Inc will post -2.01 EPS for the current fiscal year.

A number of brokerages have weighed in on AXNX. Zacks Investment Research cut shares of Axonics Modulation Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. SunTrust Banks lifted their price target on shares of Axonics Modulation Technologies to $33.00 and gave the company a “buy” rating in a research report on Friday, May 10th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $23.38.

Several institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC purchased a new stake in shares of Axonics Modulation Technologies during the fourth quarter valued at approximately $24,942,000. RTW Investments LP purchased a new stake in shares of Axonics Modulation Technologies during the fourth quarter valued at approximately $16,551,000. Millennium Management LLC purchased a new stake in shares of Axonics Modulation Technologies during the fourth quarter valued at approximately $12,072,000. Perceptive Advisors LLC purchased a new stake in shares of Axonics Modulation Technologies during the fourth quarter valued at approximately $10,935,000. Finally, BlackRock Inc. raised its stake in shares of Axonics Modulation Technologies by 17.2% during the first quarter. BlackRock Inc. now owns 388,922 shares of the company’s stock valued at $9,316,000 after purchasing an additional 57,052 shares during the period. Institutional investors own 31.36% of the company’s stock.

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About Axonics Modulation Technologies

Axonics Modulation Technologies, Inc, a medical technology company, focuses on the design, development, and commercialization of sacral neuromodulation solutions (SNM) solutions. The SNM therapy is primarily used to treat patients with overactive bladder, including urinary urgency incontinence and urinary urgency frequency, fecal incontinence, and urinary retention.

Further Reading: What Does a Sell-Side Analyst Rating Mean?

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