Timothy P. Herbert Sells 15,000 Shares of Inspire Medical Systems (INSP) Stock

Inspire Medical Systems (NASDAQ:INSP) CEO Timothy P. Herbert sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $39.89, for a total value of $598,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NASDAQ:INSP opened at $43.64 on Friday. Inspire Medical Systems has a 1 year low of $22.50 and a 1 year high of $57.87.

Inspire Medical Systems (NASDAQ:INSP) last issued its quarterly earnings results on Tuesday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.35) by $0.13. The company had revenue of $13.10 million for the quarter, compared to analyst estimates of $12.86 million. The company’s quarterly revenue was up 79.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($3.42) EPS.

INSP has been the topic of several research reports. Zacks Investment Research downgraded Inspire Medical Systems from a “hold” rating to a “sell” rating in a research report on Wednesday. Leerink Swann initiated coverage on Inspire Medical Systems in a research report on Monday, October 29th. They issued an “outperform” rating and a $57.00 target price on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Inspire Medical Systems presently has a consensus rating of “Hold” and a consensus target price of $40.86.

Large investors have recently modified their holdings of the stock. OppenheimerFunds Inc. acquired a new stake in Inspire Medical Systems during the second quarter worth approximately $3,473,000. Schwab Charles Investment Management Inc. acquired a new stake in Inspire Medical Systems during the second quarter worth approximately $1,451,000. Redmile Group LLC acquired a new stake in Inspire Medical Systems during the second quarter worth approximately $7,132,000. FMR LLC acquired a new stake in Inspire Medical Systems during the second quarter worth approximately $11,340,000. Finally, Millennium Management LLC acquired a new stake in Inspire Medical Systems during the second quarter worth approximately $26,752,000.

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About Inspire Medical Systems

Inspire Medical Systems, Inc, a medical technology company, focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea (OSA). It offers Inspire system, a neurostimulation technology that provides a safe and effective treatment for moderate to severe obstructive sleep apnea.

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