We recently published a list of 20 Most Expensive Stocks Insiders Are Dumping In March. In this article, we are going to take a look at where Intuitive Surgical, Inc. (NASDAQ:ISRG) stands against other most expensive stocks insiders are dumping in March.
After being in the green for a few trading sessions, the broader market index slid 0.8% on Wednesday, and blue-chip companies declined 0.1%. The NASDAQ Composite was down 1.6% in the early afternoon. On Tuesday, Trump provided an update on tariffs, saying they will likely be more “lenient than reciprocal,” suggesting a more relaxed approach, reports CNBC.
As investors process daily market developments, uncertainty continues to impact the market. In these periods, insider trading often attracts attention, as purchases of company stock by executives may suggest confidence in the company’s future. However, insider selling doesn’t necessarily imply a lack of faith—it may be driven by personal financial needs or a desire for diversification. Executives frequently rely on pre-established plans, such as 10b5-1, to maintain transparency. While insider trading can provide useful insights, it should be evaluated in the context of a company’s financial health, market trends, and industry changes.
What are some of the most expensive stocks insiders have been selling this month so far? To find out, we used Insider Monkey’s insider trading stock screener, focusing only on stocks where at least three insiders had sold shares in March. From there, we ranked the 20 stocks with the highest average price per share in times of sales.
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With each stock, we note the average price per share of these sales and the stock’s market capitalization.
A medical team performing minimally invasive surgery with a da Vinci Surgical System.
Intuitive Surgical, Inc. (NASDAQ:ISRG)
Market Capitalization: $186.24 billion
Intuitive Surgical, Inc. (NASDAQ:ISRG) 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 (NASDAQ:ISRG) 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 (NASDAQ:ISRG) stock is “Strong Buy,” reports StockAnalysis. The average price target of $577.5 suggests an 11.13% upside from the latest price.
Intuitive Surgical (NASDAQ:ISRG) is also among the 10 high-valuation stocks to buy according to billionaires.
Overall, ISRG ranks 7th on our list of most expensive stocks insiders are dumping in March. While we acknowledge the potential of ISRG our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ISRG but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
