Insider Selling: Organovo Holdings CEO Sells 100,000 Shares of Stock (ONVO)
Organovo Holdings (NASDAQ:ONVO) CEO Keith Murphy sold 100,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $10.86, for a total value of $1,086,000.00. Following the completion of the sale, the chief executive officer now directly owns 6,101,748 shares of the company’s stock, valued at approximately $66,264,983. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Separately, analysts at JMP Securities initiated coverage on shares of Organovo Holdings in a research note to investors on Wednesday, December 18th. They set a “market perform” rating on the stock.
Shares of Organovo Holdings (NASDAQ:ONVO) traded down 1.40% during mid-day trading on Thursday, hitting $9.86. 2,813,736 shares of the company’s stock traded hands. Organovo Holdings has a 1-year low of $3.27 and a 1-year high of $13.65. The stock’s 50-day moving average is $10.00 and its 200-day moving average is $7.42. The company’s market cap is $762.0 million. Organovo Holdings also saw unusually large options trading activity on Tuesday. Stock traders acquired 9,379 put options on the stock. This represents an increase of 379% compared to the average volume of 1,959 put options.
Organovo Holdings (NASDAQ:ONVO) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.14) earnings per share for the quarter. The company had revenue of $0.02 million for the quarter, compared to the consensus estimate of $0.47 million.
Organovo Holdings, Inc (NASDAQ:ONVO), formerly Real Estate Restoration & Rental, Inc, is a development-stage company.
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