Organovo Holdings Insider Eric David Sells 63,000 Shares (ONVO)
Organovo Holdings (NASDAQ:ONVO) Insider Eric David unloaded 63,000 shares of the stock on the open market in a transaction dated Monday, October 7th. The stock was sold at an average price of $5.86, for a total value of $369,180.00. Following the completion of the transaction, the insider now directly owns 731,306 shares in the company, valued at approximately $4,285,453. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Organovo Holdings in a research note to investors on Monday, August 12th. They now have a $5.00 price target on the stock.
Shares of Organovo Holdings (NASDAQ:ONVO) remained flat at $5.66 during trading on Wednesday. The stock had a trading volume of 1,745,311 shares. Organovo Holdings has a one year low of $1.80 and a one year high of $8.50. The stock has a 50-day moving average of $5.70 and a 200-day moving average of $4.83. The company has a market cap of $433.0 million and a P/E ratio of 37.48.
Organovo Holdings (NASDAQ:ONVO) last released its earnings data on Monday, August 12th. The company reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $0.11 million for the quarter, compared to the consensus estimate of $0.11 million.
Organovo Holdings, Inc (NASDAQ:ONVO), formerly Real Estate Restoration & Rental, Inc, is a development-stage company.
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