Irhythm Technologies Inc (NASDAQ:IRTC) EVP David A. Vort sold 935 shares of the firm’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $67.01, for a total transaction of $62,654.35. Following the completion of the transaction, the executive vice president now directly owns 22,221 shares of the company’s stock, valued at approximately $1,489,029.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Irhythm Technologies Inc (IRTC) traded up $0.97 during trading hours on Friday, hitting $66.94. 271,603 shares of the stock were exchanged, compared to its average volume of 260,461. The firm has a market capitalization of $1,569.88, a price-to-earnings ratio of -51.49 and a beta of 0.98. Irhythm Technologies Inc has a 1 year low of $32.10 and a 1 year high of $68.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.72 and a quick ratio of 7.57.
Irhythm Technologies (NASDAQ:IRTC) last released its quarterly earnings data on Wednesday, February 14th. The company reported ($0.48) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.13). The business had revenue of $28.20 million during the quarter, compared to analyst estimates of $26.79 million. Irhythm Technologies had a negative return on equity of 34.44% and a negative net margin of 29.87%. The firm’s revenue was up 50.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.37) EPS. equities research analysts forecast that Irhythm Technologies Inc will post -1.53 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. Advisor Group Inc. increased its stake in shares of Irhythm Technologies by 763.9% in the third quarter. Advisor Group Inc. now owns 2,920 shares of the company’s stock worth $151,000 after acquiring an additional 2,582 shares during the period. Shaker Investments LLC OH acquired a new stake in shares of Irhythm Technologies in the fourth quarter worth $263,000. Two Sigma Advisers LP acquired a new stake in shares of Irhythm Technologies in the fourth quarter worth $331,000. Voya Investment Management LLC acquired a new stake in shares of Irhythm Technologies in the second quarter worth $274,000. Finally, Nationwide Fund Advisors increased its stake in shares of Irhythm Technologies by 92.8% in the second quarter. Nationwide Fund Advisors now owns 7,843 shares of the company’s stock worth $333,000 after acquiring an additional 3,774 shares during the period. Hedge funds and other institutional investors own 99.25% of the company’s stock.
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About Irhythm Technologies
iRhythm Technologies, Inc is a United States-based digital health company. The Company develops and commercializes solutions that integrate biosensor technology, patient data, analytics and medical expertise. The Company offers flagship solution, the ZIO Service. Its ZIO Service consists of the ZIO XT Patch, algorithms and the ZIO Report.
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