Accuray Incorporated (ARAY) CFO Sells $36,199.24 in Stock

Accuray Incorporated (NASDAQ:ARAY) CFO Kevin Waters sold 7,154 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $5.06, for a total value of $36,199.24. Following the sale, the chief financial officer now directly owns 335,087 shares of the company’s stock, valued at $1,695,540.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Accuray Incorporated (ARAY) opened at $5.25 on Monday. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.92 and a current ratio of 1.48. Accuray Incorporated has a twelve month low of $3.60 and a twelve month high of $6.00.

Accuray (NASDAQ:ARAY) last released its earnings results on Tuesday, October 24th. The medical equipment provider reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.02. The company had revenue of $91.00 million during the quarter, compared to analyst estimates of $88.26 million. Accuray had a negative return on equity of 55.18% and a negative net margin of 7.49%. Accuray’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.12) earnings per share. sell-side analysts anticipate that Accuray Incorporated will post -0.18 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Accuray by 4.4% in the second quarter. Vanguard Group Inc. now owns 6,728,919 shares of the medical equipment provider’s stock valued at $31,962,000 after purchasing an additional 281,789 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Accuray by 27.6% in the first quarter. Dimensional Fund Advisors LP now owns 858,013 shares of the medical equipment provider’s stock valued at $4,076,000 after purchasing an additional 185,519 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Accuray by 2.0% in the second quarter. Renaissance Technologies LLC now owns 4,391,000 shares of the medical equipment provider’s stock valued at $20,857,000 after purchasing an additional 85,400 shares during the last quarter. PDT Partners LLC lifted its stake in Accuray by 60.5% in the second quarter. PDT Partners LLC now owns 156,500 shares of the medical equipment provider’s stock valued at $743,000 after purchasing an additional 58,985 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Accuray by 13.4% in the second quarter. Russell Investments Group Ltd. now owns 773,480 shares of the medical equipment provider’s stock valued at $3,673,000 after purchasing an additional 91,267 shares during the last quarter. 78.86% of the stock is owned by institutional investors.

A number of analysts have commented on the company. Lake Street Capital assumed coverage on Accuray in a report on Thursday. They set a “buy” rating and a $10.00 price objective for the company. Cowen reissued a “buy” rating and set a $9.00 price objective on shares of Accuray in a report on Friday, October 27th. Zacks Investment Research raised Accuray from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. Jefferies Group reissued a “buy” rating and set a $7.00 price objective on shares of Accuray in a report on Wednesday, August 9th. Finally, BTIG Research reissued a “hold” rating on shares of Accuray in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $6.82.

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Accuray Company Profile

Accuray Incorporated is a radiation oncology company. The Company develops, manufactures and markets medical devices used in radiation therapy for the treatment of cancer patients. Its products include the CyberKnife Systems, the TomoTherapy Systems, and the Radixact Delivery Treatment Platform. Its technologies, the CyberKnife and TomoTherapy Systems, are designed to deliver treatments, including stereotactic radiosurgery (SRS), stereotactic body radiation therapy (SBRT), intensity modulated radiation therapy (IMRT), image guided radiation therapy (IGRT) and adaptive radiation therapy.

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