Saturday, June 25, 2022

A company insider recently sold 5,341 shares of Envista Holdings Corporation [NVST]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Envista Holdings Corporation shares valued at $244,244 were sold by Yu Howard H on Apr 18. At $45.73 per share, Yu Howard H sold 5,341 shares. The insider’s holdings dropped to 52,411 shares worth approximately $1.9 million following the completion of this transaction.


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Also, Aghdaei Amir sold 10,538 shares, netting a total of over 544,391 in proceeds. Following the sale of shares at $51.66 each, the insider now holds 364,779 shares.

Before that, Aghdaei Amir had sold 114,702 shares from its account. In a trade valued at $5,832,596, the Chief Executive Officer traded Envista Holdings Corporation shares for $50.85 each. Upon closing the transaction, the insider’s holdings decreased to 114,702 shares, worth approximately $13.62 million.

As published in a research note from Robert W. Baird on June 14, 2022, Envista Holdings Corporation [NVST] has been rated down from an Outperform to a Neutral and the price target has been revised to $46 from $54. This represents a 21.09% premium over Wednesday’s closing price. Analysts at Morgan Stanley upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in late January. As of October 26, 2021, BofA Securities has increased its “Neutral” rating to a “Buy” for NVST.

Analyzing NVST’s Price Performance

On Wednesday, Envista Holdings Corporation [NYSE: NVST] rose 0.75% to $36.30. The stock’s lowest price that day was $35.57, but it reached a high of $36.655 in the same session. During the last five days, there has been a drop of approximately -2.13%. Over the course of the year, Envista Holdings Corporation shares have dropped approximately -19.44%. Shares of the company reached a 52-week high of $52.03 on 03/29/22 and a 52-week low of $35.24 on 06/16/22. A 50-day SMA is recorded $41.88, while a 200-day SMA reached $43.19. Nevertheless, trading volume fell to 1.87 million shares from 1.41 million shares the previous day.

Support And Resistance Levels for Envista Holdings Corporation (NVST)

According to the 24-hour chart, there is a support level at 35.69, which, if violated, would cause prices to drop to 35.09. In the upper region, resistance lies at 36.78. The next price resistance is at 37.26. RSI (Relative Strength Index) is 30.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.56, which suggests the price will decrease in the coming days. Percent R is at 87.82%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Which companies own the most shares of Envista Holdings Corporation (NVST)?

According to Fidelity Management & Research Co filings, the company currently owns 21,505,962 shares, which is about 13.23% of the total NVST shares outstanding. The investor’s shares have plunged by -453,139 from its previous 13-F filing of 21959101.0 shares. With the completion of the buy, The Vanguard Group, Inc.’s stake is now worth $641,236,863. BlackRock Fund Advisors acquire a 0.71% interest valued at $576.67 million while Atlanta Capital Management Co. LL sold a -953,220 stake. A total of 9,107,509 shares of Envista Holdings Corporation were sold by Boston Management & Research during the quarter, and 2,557,951 were bought by Massachusetts Financial Services. In its current portfolio, Ariel Investments LLC holds 5,773,334 shares valued at $248.48 million.

In terms of Envista Holdings Corporation share price expectations, FactSet research, analysts set an average price target of $54.44 in the next 12 months, up nearly 55.43% from the previous closing price of $36.03. Analysts anticipate Envista Holdings Corporation stock to reach $61.00 by 2022, with the lowest price target being $46.00. In spite of this, 10 analysts ranked Envista Holdings Corporation stock as a Buy at the end of 2022. On January 08, 2021, Credit Suisse assigned a price target of “an Outperform” to the stock and upgraded coverage with a $41.

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