Insider Selling: Mirion Technologies (NYSE:MIR) CAO Sells 8,400 Shares of Stock

Key Points

• Mirion Technologies CAO Christopher Moore sold 8,400 shares on May 7 at an average price of $19.64, totaling about $164,976 and reducing his direct ownership by 27.49%.
• The company recently reported better-than-expected quarterly results, with EPS of $0.10 versus estimates of $0.09 and revenue of $257.6 million versus expectations of $244.78 million, while quarterly revenue rose 27.5% year over year.
• Analysts remain generally positive on MIR, with a consensus rating of “Moderate Buy” and an average price target of $27.13, though several firms recently trimmed their targets.

Mirion Technologies, Inc. (NYSE:MIR - Get Free Report) CAO Christopher Moore sold 8,400 shares of Mirion Technologies stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $19.64, for a total transaction of $164,976.00. Following the transaction, the chief accounting officer directly owned 22,157 shares of the company's stock, valued at approximately $435,163.48. This trade represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Mirion Technologies Stock Performance

MIR stock traded down $0.78 during midday trading on Friday, hitting $18.97. 3,113,743 shares of the stock traded hands, compared to its average volume of 3,427,150. The stock's fifty day simple moving average is $19.73 and its 200-day simple moving average is $23.05. The firm has a market cap of $4.75 billion, a P/E ratio of 189.68 and a beta of 1.07. Mirion Technologies, Inc. has a 1-year low of $16.06 and a 1-year high of $30.28. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.19 and a quick ratio of 2.63.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. The firm had revenue of $257.60 million for the quarter, compared to analysts' expectations of $244.78 million. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.The company's quarterly revenue was up 27.5% on a year-over-year basis. During the same period last year, the firm earned $0.10 EPS. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. On average, analysts expect that Mirion Technologies, Inc. will post 0.51 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on MIR shares. Robert W. Baird reduced their price objective on Mirion Technologies from $29.00 to $26.00 and set an "outperform" rating for the company in a research note on Monday, March 30th. JPMorgan Chase & Co. decreased their price target on shares of Mirion Technologies from $30.00 to $27.00 and set an "overweight" rating on the stock in a research note on Thursday, March 26th. Morgan Stanley dropped their price objective on shares of Mirion Technologies from $29.00 to $27.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 11th. Citigroup dropped their price target on Mirion Technologies from $29.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday, April 30th. Finally, Melius Research upgraded Mirion Technologies to a "strong-buy" rating in a research report on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.13.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Thrivent Financial for Lutherans purchased a new position in shares of Mirion Technologies during the 3rd quarter worth approximately $4,182,000. Rhumbline Advisers boosted its position in shares of Mirion Technologies by 91.1% during the third quarter. Rhumbline Advisers now owns 608,834 shares of the company's stock worth $14,161,000 after buying an additional 290,232 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of Mirion Technologies in the third quarter valued at $2,438,000. New York State Teachers Retirement System purchased a new stake in shares of Mirion Technologies in the 3rd quarter valued at $1,269,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Mirion Technologies by 76.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 417,790 shares of the company's stock worth $9,718,000 after acquiring an additional 181,450 shares in the last quarter. Hedge funds and other institutional investors own 78.51% of the company's stock.

Mirion Technologies Company Profile

Mirion Technologies Inc NYSE: MIR is a leading global provider of radiation detection, measurement and monitoring solutions. The company's portfolio includes instrumentation, software and service offerings designed to detect, quantify and manage radiation in nuclear power, oil and gas, defense and homeland security, medical imaging and diagnostic applications. Mirion's product suite spans personal and environmental dosimetry, area monitors, digital imaging detectors and turnkey solutions for decommissioning and environmental remediation projects.

Mirion traces its origins to the combination of several established radiation measurement businesses, including the former Canberra nuclear instrumentation division, and has been supported by private equity investors before completing its initial public offering on the New York Stock Exchange in 2023.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.