Intuitive Surgical (NASDAQ:ISRG) Stock: Insider Craig Barratt Sells 1,150 Shares

Key Points

• Director Craig Barratt sold 1,150 Intuitive Surgical shares for approximately $510,370, cutting his position by 50%. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
• Intuitive Surgical reported quarterly EPS of $3.00, beating estimates of $2.65, while revenue reached $3.05 billion and rose 21.7% year over year.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $493.54; institutional investors own 83.64% of shares.

Intuitive Surgical, Inc. (NASDAQ:ISRG - Get Free Report) Director Craig Barratt sold 1,150 shares of the stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $443.80, for a total transaction of $510,370.00. Following the sale, the director owned 1,150 shares in the company, valued at approximately $510,370. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Intuitive Surgical Trading Down 0.1%

NASDAQ ISRG traded down $0.66 during trading hours on Monday, reaching $451.63. The company's stock had a trading volume of 2,916,696 shares, compared to its average volume of 2,433,892. The business has a 50-day simple moving average of $395.50 and a 200 day simple moving average of $408.83. Intuitive Surgical, Inc. has a 52 week low of $328.57 and a 52 week high of $603.88. The stock has a market cap of $156.55 billion, a PE ratio of 54.61, a PEG ratio of 3.12 and a beta of 1.46.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued its earnings results on Tuesday, October 20th. The medical equipment provider reported $3.00 EPS for the quarter, beating analysts' consensus estimates of $2.65 by $0.35. The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.91 billion. Intuitive Surgical had a return on equity of 18.17% and a net margin of 25.54%. Intuitive Surgical's quarterly revenue was up 21.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.40 earnings per share. As a group, equities analysts predict that Intuitive Surgical, Inc. will post 9.37 EPS for the current year.

Analyst Upgrades and Downgrades

ISRG has been the subject of a number of analyst reports. BTIG Research restated a "buy" rating and set a $454.00 price objective on shares of Intuitive Surgical in a research report on Wednesday, October 21st. Wall Street Zen lowered Intuitive Surgical from a "buy" rating to a "hold" rating in a research report on Sunday, September 20th. Piper Sandler reaffirmed an "overweight" rating on shares of Intuitive Surgical in a research report on Friday, August 21st. Stifel Nicolaus cut their target price on Intuitive Surgical from $670.00 to $550.00 and set a "buy" rating on the stock in a research note on Friday, July 17th. Finally, TD Cowen reissued a "buy" rating and set a $485.00 price target on shares of Intuitive Surgical in a report on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $493.54.

Trending Headlines about Intuitive Surgical

Here are the key news stories impacting Intuitive Surgical this week:

• Positive Sentiment: Analysts and market commentators continue to view Intuitive Surgical as a strong growth company, citing durable demand for robotic-assisted surgery and potential for the stock to outperform the broader market. Intuitive Surgical Is an Incredible Growth Stock: 3 Reasons Why
• Positive Sentiment: Higher earnings estimates are providing a near-term bullish catalyst. The revisions suggest analysts are becoming more optimistic about ISRG’s financial outlook, potentially supporting further gains. Earnings Estimates Moving Higher for Intuitive Surgical
• Neutral Sentiment: ISRG is receiving elevated investor attention across financial websites, but the “trending stock” coverage is primarily informational rather than a new business or earnings announcement. Intuitive Surgical Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Commentary is also addressing whether Intuitive Surgical’s premium valuation is justified. This may keep investors selective even as the company’s long-term growth story remains intact. If Intuitive Surgical Stock Looks Expensive, You Need To Read This
• Negative Sentiment: Director Gary Guthart sold 20,095 shares for approximately $9.1 million, reducing his direct ownership by 1.64%. Because the sale was made under a pre-arranged Rule 10b5-1 plan, it may not reflect a change in the company’s outlook, but insider selling can still weigh on sentiment. SEC Insider Transaction Filing

Institutional Investors Weigh In On Intuitive Surgical

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in shares of Intuitive Surgical by 3.3% during the 1st quarter. Bank of America Corp DE now owns 3,616,973 shares of the medical equipment provider's stock valued at $1,667,388,000 after purchasing an additional 116,292 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Intuitive Surgical in the second quarter valued at $1,335,753,000. Amundi lifted its holdings in shares of Intuitive Surgical by 8.6% in the first quarter. Amundi now owns 2,428,356 shares of the medical equipment provider's stock valued at $1,119,448,000 after buying an additional 193,096 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Intuitive Surgical by 95.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,105,544 shares of the medical equipment provider's stock valued at $970,635,000 after purchasing an additional 1,027,475 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Intuitive Surgical by 3.7% in the 1st quarter. Janus Henderson Group PLC now owns 1,643,060 shares of the medical equipment provider's stock worth $757,489,000 after purchasing an additional 58,587 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

About Intuitive Surgical

Intuitive Surgical, Inc develops and manufactures robotic-assisted systems and related technologies for minimally invasive surgery. Its products are designed to help surgeons perform procedures through small incisions while providing enhanced visualization, precision and control. The company's primary platform is the da Vinci Surgical System, which is used across a range of specialties, including urology, gynecology, general surgery, cardiothoracic surgery and other procedures.

The company also offers the Ion endoluminal system, which is designed to support minimally invasive lung biopsy procedures.

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