Glaukos Corporation (NYSE:GKOS – Get Free Report) COO Joseph Gilliam sold 60,000 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $179.74, for a total value of $10,784,400.00. Following the transaction, the chief operating officer directly owned 72,588 shares of the company’s stock, valued at approximately $13,046,967.12. The trade was a 45.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Glaukos Price Performance
Shares of NYSE:GKOS traded up $2.46 during trading hours on Thursday, hitting $189.09. 762,129 shares of the company’s stock traded hands, compared to its average volume of 901,136. The company has a market cap of $11.15 billion, a price-to-earnings ratio of -58.18 and a beta of 0.78. Glaukos Corporation has a 52 week low of $73.16 and a 52 week high of $189.69. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.46 and a current ratio of 5.04. The company’s fifty day simple moving average is $150.03 and its two-hundred day simple moving average is $128.97.
Glaukos (NYSE:GKOS – Get Free Report) last announced its earnings results on Wednesday, July 29th. The medical instruments supplier reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.07. The company had revenue of $185.61 million for the quarter, compared to analyst estimates of $150.93 million. Glaukos had a negative return on equity of 6.37% and a negative net margin of 30.68%.Glaukos’s revenue for the quarter was up 49.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.24) earnings per share. As a group, equities analysts anticipate that Glaukos Corporation will post -0.35 EPS for the current fiscal year.
Hedge Funds Weigh In On Glaukos
Analyst Ratings Changes
A number of research firms have recently weighed in on GKOS. HC Wainwright raised their price target on Glaukos from $168.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Glaukos in a research note on Friday, July 17th. Wall Street Zen upgraded Glaukos from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Truist Financial upped their target price on Glaukos from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Stifel Nicolaus raised their target price on Glaukos from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Twelve equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $177.33.
Read Our Latest Stock Report on Glaukos
About Glaukos
Glaukos Corporation is a medical technology company specializing in the development, manufacturing and commercialization of innovative therapies for patients with glaucoma and other chronic eye diseases. The company’s core offerings focus on micro-invasive glaucoma surgery (MIGS), designed to reduce intraocular pressure and manage glaucoma more safely and effectively than traditional surgical approaches. Glaukos’s flagship products include the iStent, iStent inject and iStent infinite trabecular micro-bypass stents, which are implanted during cataract surgery to improve aqueous outflow and help control eye pressure.
Beyond its MIGS portfolio, Glaukos has expanded into sustained drug-delivery solutions.
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