Tandem Diabetes Care Inc (NASDAQ:TNDM) EVP Brian B. Hansen sold 15,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $62.97, for a total transaction of $944,550.00. Following the completion of the transaction, the executive vice president now directly owns 17,991 shares of the company’s stock, valued at $1,132,893.27. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
TNDM opened at $57.11 on Friday. Tandem Diabetes Care Inc has a 12-month low of $26.40 and a 12-month high of $74.81. The company has a current ratio of 2.53, a quick ratio of 2.21 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $3.51 billion, a PE ratio of -22.40 and a beta of 0.33. The firm has a 50 day moving average of $63.64 and a two-hundred day moving average of $62.33.
Tandem Diabetes Care (NASDAQ:TNDM) last posted its quarterly earnings results on Thursday, August 1st. The medical device company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.20. Tandem Diabetes Care had a negative net margin of 19.55% and a negative return on equity of 19.31%. The company had revenue of $93.26 million during the quarter, compared to analyst estimates of $69.95 million. During the same period last year, the firm posted ($0.33) EPS. Tandem Diabetes Care’s revenue for the quarter was up 173.2% compared to the same quarter last year. As a group, analysts predict that Tandem Diabetes Care Inc will post -0.65 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Tandem Diabetes Care by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 6,227,080 shares of the medical device company’s stock worth $401,771,000 after purchasing an additional 316,123 shares during the period. BlackRock Inc. grew its stake in shares of Tandem Diabetes Care by 2.1% during the 2nd quarter. BlackRock Inc. now owns 4,054,911 shares of the medical device company’s stock worth $261,622,000 after purchasing an additional 83,336 shares during the period. Eagle Asset Management Inc. grew its stake in shares of Tandem Diabetes Care by 24.4% during the 1st quarter. Eagle Asset Management Inc. now owns 1,307,033 shares of the medical device company’s stock worth $82,996,000 after purchasing an additional 256,595 shares during the period. Carillon Tower Advisers Inc. grew its stake in shares of Tandem Diabetes Care by 26.1% during the 1st quarter. Carillon Tower Advisers Inc. now owns 922,735 shares of the medical device company’s stock worth $58,593,000 after purchasing an additional 190,728 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Tandem Diabetes Care by 15.9% during the 2nd quarter. Renaissance Technologies LLC now owns 897,927 shares of the medical device company’s stock worth $57,934,000 after purchasing an additional 123,500 shares during the period. 79.75% of the stock is currently owned by institutional investors and hedge funds.
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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