Zeltiq Aesthetics Inc (ZLTQ) Files Form 4 Insider Selling : Mark J Foley Sells 10,000 Shares

Zeltiq Aesthetics Inc (ZLTQ): Mark J Foley , President and CEO of Zeltiq Aesthetics Inc sold 10,000 shares on Sep 13, 2016. The Insider selling transaction was reported by the company on Sep 14, 2016 to the Securities and Exchange Commission. The shares were sold at $37.69 per share for a total value of $376,916.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 13, 2016, Bradley Hauser (VP, Research and Development) sold 3,000 shares at $37.33 per share price.On Sep 7, 2016, Keith J Sullivan (CCO, President, North America) sold 8,000 shares at $38.36 per share price.Also, On Aug 16, 2016, Mark J Foley (President and CEO) sold 10,000 shares at $37.26 per share price.On Aug 12, 2016, Andrew N Schiff (director) sold 500,000 shares at $36.39 per share price.

Zeltiq Aesthetics Inc: On Monday, Sep 12, 2016 heightened volatility was witnessed in Zeltiq Aesthetics Inc which led to swings in the share price. The shares opened for trading at $37 and hit $37.97 on the upside , eventually ending the session at $37.89, with a gain of 1.47% or 0.55 points. The heightened volatility saw the trading volume jump to 366,892 shares. The 52-week high of the share price is $39.46 and the company has a market cap of $1,501 M . The 52-week low of the share price is at $18.41.

Zeltiq Aesthetics Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Zeltiq Aesthetics Inc is Reiterated by Maxim Group to Buy and the brokerage firm has raised the Price Target to $ 48 from a previous price target of $40 .The Rating was issued on Aug 9, 2016.

ZELTIQ Aesthetics Inc. is a medical technology company. The Company is focused on developing and commercializing products utilizing its controlled-cooling technology platform. Its commercial product the CoolSculpting System is designed to reduce stubborn fat bulges. The Company sells its CoolSculpting system to dermatologists plastic surgeons and aesthetic specialists and generates revenue from sales of its CoolSculpting system and from sales of consumables to its customers. Consumables are the CoolSculpting procedure packs that it sells which are needed to perform procedures using its CoolSculpting system. As of December 31 2014 it had an installed base of 3176 CoolSculpting systems installed across approximately 2688 practices across the world. As of December 31 2014 1.5 million CoolSculpting cycles had been shipped to its customers and distributors.

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