Insider Selling: Michael Renard Sells 40,000 Shares of Organovo Holdings Stock (ONVO)
Organovo Holdings (NASDAQ:ONVO) EVP Michael Renard sold 40,000 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $9.68, for a total transaction of $387,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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.
Organovo Holdings (NASDAQ:ONVO) traded up 10.22% on Wednesday, hitting $9.60. The stock had a trading volume of 12,128,266 shares. 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 $9.90 and its 200-day moving average is $7.55. The company’s market cap is $741.9 million.
Organovo Holdings (NASDAQ:ONVO) last announced its earnings results on Tuesday, November 12th. The company reported ($0.14) EPS 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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