Accuray Incorporated (NASDAQ:ARAY) went up to recover about 39.02% since recording its record low price of $3.16. The stock experienced -3.3% slump, arriving at $4.4 on 4/10/2019. During the day, the stock price traveled from $4.37 to $4.56. This company shares are 59.09% off its target price of $7 and the current market capitalization stands at $393.54M. The recent change has given its price a -8.23% deficit over SMA 50 and -18.52% deficit over its 52-week high. The stock witnessed -4.97% declines, 17.65% gains and 6.28% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ARAY’s volatility during a week at 3.87% and during a month it has been found around 4.34%.
Accuray Incorporated (ARAY) Top Holders
Institutional investors currently hold around $328 million or 84.4% in ARAY stock. Look at its top three institutional owners: Blackrock Inc. owns $37.73 million in Accuray Incorporated, which represents roughly 9.59% of the company’s market cap and approximately 11.5% of the institutional ownership. Similar statistics are true for the second largest owner, Renaissance Technologies Llc, which owns 5,507,123 shares of the stock are valued at $25.06 million. The third largest holder is Primecap Management Co/Ca/, which currently holds $21.54 million worth of this stock and that ownership represents nearly 5.47% of its market capitalization.
Accuray Incorporated 13F Filings
At the end of December reporting period, 81 institutional holders increased their position in Accuray Incorporated (NASDAQ:ARAY) by some 8,557,167 shares, 52 decreased positions by 12,241,042 and 19 held positions by 51,281,423. That puts total institutional holdings at 72,079,632 shares, according to SEC filings. The stock grabbed 29 new institutional investments totaling 2,817,052 shares while 15 institutional investors sold out their entire positions totaling 619,993 shares.
Accuray Incorporated (NASDAQ:ARAY) Insider Trades
Multiple company employees have indulged in significant insider trading. Accuray Incorporated disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President & CEO LEVINE JOSHUA has sold 6,604 shares of Accuray Incorporated (ARAY) in the trading session dated Apr. 02, 2019. These shares are worth $29,982 and were traded at $4.54 each. The SEC filing shows that LEVINE JOSHUA performed a sale of 15,839 shares. The President & CEO disposed these shares by way of transaction on Dec. 03, 2018. The company’s shares were given away at $4 per share worth to an income of some $63,356 to the account of LEVINE JOSHUA.
SVP, COO, Kirkpatrick Andrew J, sold 1,784 common shares of Accuray Incorporated (ARAY) in the open market. In a transaction dated Dec. 03, 2018, the shares were put up for sale at an average price of $4.11, raking in a sum of $7,332. After this sale, 238,136 common shares of ARAY are directly owned by the insider, with total stake valued at $1,047,798.
In the transaction dated Dec. 03, 2018, a great number of shares sold came courtesy the SVP and General Counsel; Chew Jesse disposed a total of 560 shares at an average price of $4.11, amounting to approximately $2,302. The insider now directly owns 36,440 shares worth $160,336.
Accuray Incorporated (ARAY) Analyst Guide
Several analysts have released their opinion on Accuray Incorporated (NASDAQ:ARAY), with 1 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 2 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.57 average brokerage recommendation [T1].