20 Most Expensive Stocks Insiders Are Dumping In March

7. Intuitive Surgical, Inc. (NASDAQ:ISRG)

Market Capitalization: $186.24 billion

The seventh among the 20 most expensive stocks insiders are dumping in March is Intuitive Surgical, which develops and markets products that improve minimally invasive care, including the da Vinci Surgical System and Ion endoluminal system for surgeries and diagnostics. The Sunnyvale, California-based company also offers surgical instruments, training, and support services to healthcare providers.

For the fourth quarter of 2024, Intuitive Surgical reported revenue of $2.41 billion, up 25% from $1.93 billion in the same period of 2023. The higher fourth-quarter revenue, Intuitive Surgical attributed to growth in da Vinci procedure volume and an increase in the installed base of systems. GAAP net income was $686 million, or $1.88 per diluted share, compared with $606 million, or $1.69 per diluted share, in the same period of 2023. The company ended the fourth quarter of 2024 with $8.83 billion in cash, cash equivalents, and investments, an increase of $521 million during the quarter, primarily driven by cash generated from operations and partially offset by capital expenditures.

In March, six insiders, including the CMO, sold around $24.92 million worth of Intuitive Surgical shares at an average price of $523.58 per share. Currently, the stock trades at $519.81 per share, having declined 0.41% since the beginning of the year. However, over the past 12 months, its shares returned 30.73%.

According to 19 analysts, the average rating for Intuitive Surgical stock is “Strong Buy,” reports StockAnalysis. The average price target of $577.5 suggests an 11.13% upside from the latest price.

Intuitive Surgical is also among the 10 high-valuation stocks to buy according to billionaires.