Cognex Corp (CGNX) Files Form 4 Insider Selling : Patrick Alias Sells 7,500 Shares

Cognex Corp (CGNX): Patrick Alias , director of Cognex Corp sold 7,500 shares on Jun 9, 2016. The Insider selling transaction was reported by the company on Jun 10, 2016 to the Securities and Exchange Commission. The shares were sold at $44.59 per share for a total value of $334,440.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 31, 2016, Reuben Wasserman (director) sold 7,500 shares at $43.05 per share price.On May 18, 2016, Eugene G Banucci (director) purchased 2,000 shares at $38.80 per share price.Also, On Feb 16, 2016, Bruce Robinson J (director) purchased 1,000 shares at $34.19 per share price.On Jun 17, 2015, Jeffrey Benjamin Miller (director) sold 20,000 shares at $49.55 per share price.

Shares of Cognex Corporation (CGNX) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -0.27 points or -0.60% at $44.69 with 1,92,294 shares getting traded. Post opening the session at $44.77, the shares hit an intraday low of $44.5 and an intraday high of $44.92 and the price vacillated in this range throughout the day. The company has a market cap of $3,801 M and the number of outstanding shares has been calculated to be 8,50,52,353 shares. The 52-week high of Cognex Corporation is $51.33 and the 52-week low is $28.01.

Cognex Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Cognex Corporation is Initiated by Bernstein to Mkt Perform. The Rating was issued on Jun 6, 2016.Cognex Corporation is Initiated by FBR Capital to Mkt Perform and the brokerage firm has set the Price Target at $42. The Rating was issued on May 11, 2016.Cognex Corporation is Reiterated by Canaccord Genuity to Buy and the brokerage firm has raised the Price Target to $ 45 from a previous price target of $42 .The Rating was issued on Apr 1, 2016.Cognex Corporation is Downgraded by Credit Agricole to Underperform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Mar 24, 2016.

Cognex Corporation is a provider of machine vision products that captures and analyzes visual information in order to automate tasks primarily in manufacturing processes. The Company operates in the modular vision systems division (MVSD). The Company’s products include barcode readers machine vision sensors and machine vision systems that are used in factories warehouses and distribution centers around the world. MVSD develops manufactures and markets modular vision systems and identification (ID) products that are used to automate the manufacture and tracking of discrete items such as cellular phones aspirin bottles and automobile wheels during the manufacturing or distribution process. The Company’s registered marks include Cognex VisionPro In-Sight Checker and DataMan among others.

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