GSA Capital Partners LLP purchased a new stake in shares of Inogen Inc (NASDAQ:INGN) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 14,672 shares of the medical technology company’s stock, valued at approximately $1,395,000. GSA Capital Partners LLP owned about 0.07% of Inogen as of its most recent filing with the SEC.
A number of other hedge funds also recently added to or reduced their stakes in INGN. Schroder Investment Management Group bought a new stake in shares of Inogen in the 2nd quarter worth approximately $132,000. Ameritas Investment Partners Inc. raised its holdings in shares of Inogen by 6.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,495 shares of the medical technology company’s stock worth $143,000 after purchasing an additional 86 shares during the period. Sei Investments Co. raised its holdings in shares of Inogen by 38.1% in the 2nd quarter. Sei Investments Co. now owns 1,606 shares of the medical technology company’s stock worth $153,000 after purchasing an additional 443 shares during the period. Victory Capital Management Inc. raised its holdings in Inogen by 17.8% during the 2nd quarter. Victory Capital Management Inc. now owns 2,036 shares of the medical technology company’s stock valued at $194,000 after acquiring an additional 307 shares during the period. Finally, Pinebridge Investments L.P. raised its holdings in Inogen by 1.6% during the 2nd quarter. Pinebridge Investments L.P. now owns 2,143 shares of the medical technology company’s stock valued at $204,000 after acquiring an additional 33 shares during the period.
Shares of Inogen Inc (INGN) traded up $0.95 during trading on Thursday, hitting $115.17. 98,254 shares of the stock traded hands, compared to its average volume of 180,969. The stock has a market cap of $2,430.00, a PE ratio of 80.54, a PEG ratio of 4.06 and a beta of 1.13. Inogen Inc has a 1-year low of $62.69 and a 1-year high of $130.05.
INGN has been the topic of several research analyst reports. Zacks Investment Research cut shares of Inogen from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub lowered shares of Inogen from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Leerink Swann restated an “outperform” rating and set a $120.00 price target (up from $115.00) on shares of Inogen in a research report on Wednesday, November 8th. Finally, Needham & Company LLC upped their price target on shares of Inogen from $108.00 to $125.00 and gave the company a “strong-buy” rating in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $102.71.
In other Inogen news, Director Ray Benjamin M. Anderson sold 1,000 shares of Inogen stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $119.06, for a total value of $119,060.00. Following the sale, the director now directly owns 1,000 shares in the company, valued at approximately $119,060. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Raymond Huggenberger sold 14,000 shares of Inogen stock in a transaction on Monday, October 16th. The shares were sold at an average price of $94.07, for a total transaction of $1,316,980.00. Following the completion of the sale, the director now owns 7,808 shares in the company, valued at $734,498.56. The disclosure for this sale can be found here. Insiders have sold a total of 81,500 shares of company stock worth $9,267,695 in the last quarter. Corporate insiders own 5.31% of the company’s stock.
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Inogen, Inc is a medical technology company. The Company develops, manufactures and markets portable oxygen concentrators used to deliver supplemental long-term oxygen therapy to patients suffering from chronic respiratory conditions. The Company’s Inogen One systems concentrate the air around the patient to offer a single source of supplemental oxygen anytime, anywhere with a portable device.
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