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Intuitive Surgical beat earnings estimates in Q2, but insiders sold millions in stock.
Intuitive Surgical reported strong Q2 earnings, beating estimates with $2.19 EPS and $2.44 billion in revenue, up 21.4% year-over-year.
The stock closed at $452.35 with a market cap of $162.16 billion.
Insiders sold 45,224 shares worth $21.7 million over three months, including CEO Gary Guthart and Director Amy L. Ladd.
Meanwhile, Empirical Financial Services increased its stake by 12.4% to 3,245 shares.
Analysts maintain a consensus "Moderate Buy" rating with a target price of $594.19.
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Intuitive Surgical superó las estimaciones de ganancias en el segundo trimestre, pero los insiders vendieron millones en acciones.