Tandem Diabetes Care Inc (NASDAQ:TNDM) EVP Brian B. Hansen sold 15,000 shares of Tandem Diabetes Care stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $62.01, for a total value of $930,150.00. Following the transaction, the executive vice president now owns 17,991 shares of the company’s stock, valued at $1,115,621.91. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of NASDAQ TNDM opened at $57.36 on Friday. The company has a current ratio of 2.46, a quick ratio of 2.21 and a debt-to-equity ratio of 0.09. Tandem Diabetes Care Inc has a 12 month low of $26.40 and a 12 month high of $74.81. The stock has a 50 day moving average of $60.42 and a 200-day moving average of $63.80. The company has a market capitalization of $3.42 billion, a P/E ratio of -22.49 and a beta of 0.16.
Several brokerages have recently commented on TNDM. Guggenheim began coverage on Tandem Diabetes Care in a research note on Thursday, October 17th. They set a “buy” rating and a $76.00 target price for the company. ValuEngine upgraded Tandem Diabetes Care from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Oppenheimer lifted their target price on Tandem Diabetes Care from $80.00 to $84.00 in a research note on Friday, August 2nd. Robert W. Baird reduced their target price on Tandem Diabetes Care from $81.00 to $71.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, BidaskClub downgraded Tandem Diabetes Care from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $76.54.
About Tandem Diabetes Care
Tandem Diabetes Care, Inc, a medical device company, designs, develops, and commercializes various products for people with insulin-dependent diabetes in the United States. The company's flagship product is the t:slim X2 insulin delivery system that comprises t:slim X2 pump, its 300-unit disposable insulin cartridge, and an infusion set.
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