Insider Selling: NanoString Technologies SVP Sells 28,000 Shares of Stock (NSTG)
NanoString Technologies (NASDAQ:NSTG) SVP Barney Saunders sold 28,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $15.04, for a total value of $421,120.00. Following the completion of the sale, the senior vice president now directly owns 1,165 shares of the company’s stock, valued at approximately $17,522. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of NanoString Technologies (NASDAQ:NSTG) traded up 2.31% on Monday, hitting $15.48. 78,258 shares of the company’s stock traded hands. NanoString Technologies has a 52-week low of $7.01 and a 52-week high of $22.44. The stock has a 50-day moving average of $15.03 and a 200-day moving average of $17.13. The company’s market cap is $279.6 million.
NanoString Technologies (NASDAQ:NSTG) last announced its earnings results on Wednesday, May 7th. The company reported ($0.56) earnings per share for the quarter, beating the analysts’ 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. NanoString Technologies’s revenue was up 52.6% compared to the same quarter last year. 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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