Organovo Holdings CEO Keith Murphy Sells 100,000 Shares (ONVO)
Organovo Holdings (NASDAQ:ONVO) CEO Keith Murphy unloaded 100,000 shares of Organovo Holdings stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $6.02, for a total value of $602,000.00. Following the completion of the sale, the chief executive officer now directly owns 6,401,748 shares of the company’s stock, valued at approximately $38,538,523. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Organovo Holdings (NASDAQ:ONVO) traded up 0.99% during mid-day trading on Friday, hitting $6.13. 10,793,287 shares of the company’s stock traded hands. Organovo Holdings has a 52 week low of $1.80 and a 52 week high of $8.50. The stock has a 50-day moving average of $5.70 and a 200-day moving average of $4.91. The company has a market cap of $469.0 million and a price-to-earnings ratio of 40.20.
Organovo Holdings (NASDAQ:ONVO) last posted its quarterly earnings results on Monday, August 12th. The company reported ($0.06) earnings per share for the quarter. The company had revenue of $0.11 million for the quarter, compared to the consensus estimate of $0.11 million.
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.
Organovo Holdings, Inc (NASDAQ:ONVO), formerly Real Estate Restoration & Rental, Inc, is a development-stage company.
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