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Sands Capital Management LLC Lowers Stock Holdings in DexCom, Inc. $DXCM
Sands Capital Management LLC significantly reduced its stake in DexCom, Inc. (NASDAQ:DXCM) by 50.4% in the third quarter, now holding 4,934,189 shares valued at $332 million. Despite this, DexCom reported strong Q4 earnings, beating analyst estimates with $0.68 EPS on $1.26 billion revenue, and maintains a “Moderate Buy” rating with a consensus price target of $85.18. The company’s stock performance shows institutional ownership at 97.75% and a market capitalization of $26.09 billion.