Vocera Communications Inc (VCRA) Chairman Sells $841,440.00 in Stock

Vocera Communications Inc (NYSE:VCRA) Chairman Brent D. Lang sold 24,000 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $35.06, for a total transaction of $841,440.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

NYSE VCRA traded down $0.80 on Friday, hitting $33.63. 355,000 shares of the stock were exchanged, compared to its average volume of 548,493. The company has a quick ratio of 4.42, a current ratio of 4.49 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -197.82 and a beta of 0.26. Vocera Communications Inc has a 52-week low of $22.43 and a 52-week high of $42.60.

Vocera Communications (NYSE:VCRA) last posted its quarterly earnings data on Thursday, February 7th. The communications equipment provider reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $48.88 million during the quarter, compared to analyst estimates of $49.82 million. Vocera Communications had a negative net margin of 5.39% and a negative return on equity of 3.26%. Vocera Communications’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.22 earnings per share. Equities research analysts anticipate that Vocera Communications Inc will post -0.29 EPS for the current year.

VCRA has been the subject of a number of recent research reports. Citigroup reissued a “buy” rating and issued a $46.00 target price (up from $37.00) on shares of Vocera Communications in a report on Tuesday, December 18th. Robert W. Baird reissued a “buy” rating and issued a $40.00 target price on shares of Vocera Communications in a report on Friday, November 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $45.00 target price on shares of Vocera Communications in a report on Friday, January 11th. Dougherty & Co raised shares of Vocera Communications from a “neutral” rating to a “buy” rating and set a $39.00 target price for the company in a report on Thursday, February 28th. Finally, Zacks Investment Research lowered shares of Vocera Communications from a “buy” rating to a “hold” rating in a report on Saturday, February 9th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $39.44.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc boosted its stake in Vocera Communications by 1.6% during the third quarter. Vanguard Group Inc now owns 1,382,125 shares of the communications equipment provider’s stock worth $50,558,000 after buying an additional 21,962 shares during the period. Dimensional Fund Advisors LP purchased a new position in Vocera Communications during the third quarter worth $1,065,000. Rhumbline Advisers boosted its stake in Vocera Communications by 50.2% during the fourth quarter. Rhumbline Advisers now owns 39,625 shares of the communications equipment provider’s stock worth $1,559,000 after buying an additional 13,243 shares during the period. Prudential Financial Inc. purchased a new position in Vocera Communications during the third quarter worth $1,715,000. Finally, Janus Henderson Group PLC purchased a new position in Vocera Communications during the third quarter worth $23,805,000.

TRADEMARK VIOLATION WARNING: This story was posted by Markets Daily and is the sole property of of Markets Daily. If you are viewing this story on another site, it was illegally copied and reposted in violation of international copyright laws. The original version of this story can be viewed at https://www.themarketsdaily.com/2019/03/23/vocera-communications-inc-vcra-chairman-sells-841440-00-in-stock.html.

About Vocera Communications

Vocera Communications, Inc provides secure, integrated, and intelligent communication and workflow solutions that empowers mobile workers in healthcare, hospitality, energy, and other mission-critical mobile work environments in the United States and internationally. The company's communication solution could be integrated with other clinical systems, including electronic health records, nurse call systems, and patient monitoring, as well as to provide critical data, alerts, alarms, and clinical context that enable workflow.

See Also: Marijuana Stocks

Insider Buying and Selling by Quarter for Vocera Communications (NYSE:VCRA)

Receive News & Ratings for Vocera Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vocera Communications and related companies with MarketBeat.com's FREE daily email newsletter.