Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Intuitive Surgical Inc. shares valued at $286,273 were sold by Curet Myriam on Mar 01. At $228.47 per share, Curet Myriam sold 1,253 shares. The insider’s holdings dropped to 1,950 shares worth approximately $0.45 million following the completion of this transaction.
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Also, DeSantis Robert sold 1,971 shares, netting a total of over 474,558 in proceeds. Following the sale of shares at $240.77 each, the insider now holds 6,365 shares.
Before that, Curet Myriam had sold 1,124 shares from its account. In a trade valued at $270,625, the EVP & Chief Medical Officer traded Intuitive Surgical Inc. shares for $240.77 each. Upon closing the transaction, the insider’s holdings decreased to 1,124 shares, worth approximately $74850.3.
As published in their initiating research note from Barclays on October 18, 2022, Intuitive Surgical Inc. [ISRG] has been an Overweight and the price target has been revised to $235. This represents a 2.6% premium over Thursday’s closing price. Analysts at Mizuho started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid October. As of October 12, 2022, Jefferies has initiated its “Hold” rating for ISRG. Earlier on April 13, 2022, Truist initiated its rating. Their recommendation was “a Buy” for ISRG stock.
Analyzing ISRG Stock Performance
On Thursday, Intuitive Surgical Inc. [NASDAQ: ISRG] rose 0.69% to $228.90. The stock’s lowest price that day was $224.48, but it reached a high of $229.41 in the same session. During the last five days, there has been a drop of approximately -2.55%. Over the course of the year, Intuitive Surgical Inc. shares have dropped approximately -13.74%. Shares of the company reached a 52-week high of $273.58 on 01/09/23 and a 52-week low of $224.48 on 03/02/23. A 50-day SMA is recorded $251.98, while a 200-day SMA reached $230.46. Nevertheless, trading volume fell to 1.15 million shares from 1.29 million shares the previous day.
Support And Resistance Levels for Intuitive Surgical Inc. (ISRG)
According to the 24-hour chart, there is a support level at 225.78, which, if violated, would cause prices to drop to 222.67. In the upper region, resistance lies at 230.71. The next price resistance is at 232.53. RSI (Relative Strength Index) is 34.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.59, which suggests the price will decrease in the coming days. Percent R is at 79.96%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Intuitive Surgical Inc. subject to short interest?
Stocks of Intuitive Surgical Inc. saw a sharp steep in short interest on Jan 30, 2023 dropping by -0.34 million shares to 2.52 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 2.86 million shares. A decline of -13.49% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.23 of the overall float, the days-to-cover ratio (short ratio) decline to 1.23.
Which companies own the most shares of Intuitive Surgical Inc. (ISRG)?
According to The Vanguard Group, Inc. filings, the company currently owns 27,942,295 shares, which is about 7.91% of the total ISRG shares outstanding. The investor’s shares have appreciated by 130,903 from its previous 13-F filing of 27811392.0 shares. With the completion of the sale transaction, T. Rowe Price Associates, Inc.’s stake is now worth $5,128,887,345. BlackRock Fund Advisors acquire a 0.19% interest valued at $4.08 billion while SSgA Funds Management, Inc. sold a -309,506 stake. A total of 47,782 shares of Intuitive Surgical Inc. were sold by Capital Research & Management Co during the quarter, and 544,463 were bought by AllianceBernstein LP. In its current portfolio, Fidelity Management & Research Co holds 6,730,287 shares valued at $1.65 billion.
In terms of Intuitive Surgical Inc. share price expectations, FactSet research, analysts set an average price target of $277.47 in the next 12 months, up nearly 25.37% from the previous closing price of $227.33. Analysts anticipate Intuitive Surgical Inc. stock to reach $325.00 by 2023, with the lowest price target being $215.00. In spite of this, 24 analysts ranked Intuitive Surgical Inc. stock as an Overweight at the end of 2023. On April 06, 2022, Wolfe Research assigned a price target of “a Peer perform” to the stock and initiated coverage with a $315.