Insider Selling: Wayne Burns Sells 20,100 Shares of NanoString Technologies Stock (NSTG)
NanoString Technologies (NASDAQ:NSTG) SVP Wayne Burns sold 20,100 shares of NanoString Technologies stock on the open market in a transaction dated Monday, June 9th. The stock was sold at an average price of $15.76, for a total value of $316,776.00. Following the transaction, the senior vice president now directly owns 35,815 shares of the company’s stock, valued at approximately $564,444. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Robert W. Baird raised their price target on shares of NanoString Technologies from $23.00 to $26.00 in a research note on Wednesday, March 12th.
NanoString Technologies (NASDAQ:NSTG) traded down 1.48% on Tuesday, hitting $15.33. 117,258 shares of the company’s stock traded hands. NanoString Technologies has a 1-year low of $7.01 and a 1-year high of $22.44. The stock has a 50-day moving average of $15.25 and a 200-day moving average of $17.07. The company’s market cap is $276.9 million.
NanoString Technologies (NASDAQ:NSTG) last released its earnings data on Wednesday, May 7th. The company reported ($0.56) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.76) by $0.20. The company had revenue of $8.70 million for the quarter, compared to the consensus estimate of $8.37 million. The company’s quarterly revenue was up 52.6% on a year-over-year basis. On average, analysts predict that NanoString Technologies will post $-2.39 earnings per share for the current fiscal year.
NanoString Technologies, Inc develops, manufactures and sells products, which unlock clinically actionable genomic information from minute amounts of tissue.
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