ISRG (Intuitive Surgical Inc.) may reap gains as insiders became active recently


Intuitive Surgical Inc.’s recent filing unveils that its EVP & Chief Medical Officer Curet Myriam unloaded Company’s shares for reported $0.29 million on Mar 01. In the deal valued at $228.47 per share,1,253 shares were sold. As a result of this transaction, Curet Myriam now holds 1,950 shares worth roughly $ 0.44 million.

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Then, DeSantis Robert sold 1,971 shares, generating $474,558 in total proceeds. Upon selling the shares at $240.77, the EVP & Chief Product Officer now owns 6,365 shares.

Before that, Curet Myriam sold 1,124 shares. Intuitive Surgical Inc. shares valued at $270,625 were divested by the EVP & Chief Medical Officer at a price of $240.77 per share. As a result of the transaction, Curet Myriam now holds 327 shares, worth roughly $74484.06.

Barclays initiated its Intuitive Surgical Inc. [ISRG] rating to an Overweight in a research note published on Monday, October 18, 2022; the price target was $235. PT values the company’s stock at a premium of 3.07 to its Monday closing price. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in mid October with a ‘”a Neutral”‘ rating. Jefferies began covering ISRG with “Hold” recommendation on October 12, 2022. Truist started covering the stock on April 13, 2022. It rated ISRG as “a Buy”.

Price Performance Review of ISRG

On Monday, Intuitive Surgical Inc. [NASDAQ:ISRG] saw its stock jump 1.35% to $227.78. On the same session, the stock had its day’s lowest price of $222.65, but rose to a high of $232.45. Over the last five days, the stock has lost -3.01%. Intuitive Surgical Inc. shares have fallen nearly -14.16% since the year began. Nevertheless, the stocks have fallen -17.39% over the past one year. While a 52-week high of $308.97 was reached on 01/09/23, a 52-week low of $180.07 was recorded on 03/13/23. SMA at 50 days reached $247.42, while 200 days put it at $230.84. A total of 1.54 million shares were traded, compared to the trading of 1.78 million shares in the previous session.

Levels Of Support And Resistance For ISRG Stock

The 24-hour chart illustrates a support level at 222.80, which if violated will result in even more drops to 217.83. On the upside, there is a resistance level at 232.60. A further resistance level may holdings at 237.43. The Relative Strength Index (RSI) on the 14-day chart is 38.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.69%. Stochastics %K at 24.21% indicates the stock is a holding.

How much short interest is there in Intuitive Surgical Inc.?

A steep rise in short interest was recorded in Intuitive Surgical Inc. stocks on Jan 30, 2023, dropping by -0.34 million shares to a total of 2.52 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 2.86 million shares. There was a decline of -13.49%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.72% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.23.

Intuitive Surgical Inc. [ISRG] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 27,942,295 shares, or roughly 7.98% of the outstanding ISRG shares. In other words, the investor’s shares have risen by 130,903 from its previous 13-F filing of 27811392.0. Additionally, T. Rowe Price Associates, Inc. decreased -14.89% of its stake after which the total value it holdings stand at $4,788,617,640, while BlackRock Fund Advisors added 0.19% of its stake to hold $3.81 billion in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -309,506 shares of Intuitive Surgical Inc., while Capital Research & Management Co sold 47,782 shares. At present, AllianceBernstein LP is holding 7,373,473 shares valued at $1.69 billion. Fidelity Management & Research Co owned 6,730,287 shares of the company at the time of its most recent 13F filing, worth $1.54 billion.

According to FactSet, Intuitive Surgical Inc.’s share price will average $277.47 in the next year, based on opinions of analysts polled by the firm. This is up nearly 26.81 percent from its previous closing price of $224.75. Analysts expect Intuitive Surgical Inc. stock to reach the higher price of $325.00, while the lowest price estimate is $215.00. However, 24 analysts have rated ISRG stock as an Overweight in their predictions for 2023. The most recent change occurred on April 06, 2022 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating along with a $315 price target.


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