Stifel Nicolaus reaffirmed their buy rating on shares of Transenterix Inc (NASDAQ:TRXC) in a report published on Monday, MarketBeat Ratings reports. The firm currently has a $4.00 price target on the stock, up from their prior price target of $3.75.
A number of other brokerages have also weighed in on TRXC. Ladenburg Thalmann Financial Services set a $5.00 price target on shares of Transenterix and gave the company a buy rating in a report on Friday, October 20th. Zacks Investment Research upgraded shares of Transenterix from a hold rating to a buy rating and set a $0.75 price target on the stock in a report on Thursday, July 13th.
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In related news, insider Todd Pope sold 600,000 shares of Transenterix stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $3.68, for a total transaction of $2,208,000.00. Following the transaction, the insider now owns 462,644 shares in the company, valued at approximately $1,702,529.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Several large investors have recently bought and sold shares of the stock. Sabby Management LLC acquired a new position in shares of Transenterix during the 2nd quarter valued at $2,456,000. Goldman Sachs Group Inc. lifted its holdings in shares of Transenterix by 7,137.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,203,199 shares of the company’s stock valued at $854,000 after acquiring an additional 1,186,575 shares in the last quarter. UBS Oconnor LLC acquired a new position in shares of Transenterix during the 2nd quarter valued at $390,000. Royal Bank of Canada lifted its holdings in shares of Transenterix by 17.1% during the 2nd quarter. Royal Bank of Canada now owns 418,867 shares of the company’s stock valued at $298,000 after acquiring an additional 61,034 shares in the last quarter. Finally, Global X Management Co. LLC lifted its holdings in shares of Transenterix by 238.3% during the 2nd quarter. Global X Management Co. LLC now owns 331,075 shares of the company’s stock valued at $235,000 after acquiring an additional 233,213 shares in the last quarter.
TransEnterix, Inc is a medical device company. The Company is focused on the development and commercialization of ALF-X Surgical Robotic System (the ALF-X System), and SurgiBot System. The Company’s ALF-X System is a multi-port robotic surgery system, which allows multiple robotic arms to control instruments and a camera.
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