Insider Selling: Wayne Burns Unloads 4,900 Shares of NanoString Technologies Stock (NSTG)
NanoString Technologies (NASDAQ:NSTG) SVP Wayne Burns unloaded 4,900 shares of the company’s stock on the open market in a transaction dated Friday, June 13th. The stock was sold at an average price of $15.01, for a total transaction of $73,549.00. Following the completion of the sale, the senior vice president now directly owns 30,915 shares of the company’s stock, valued at approximately $464,034. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
NanoString Technologies (NASDAQ:NSTG) traded up 2.31% during mid-day trading on Monday, hitting $15.48. The stock had a trading volume of 78,258 shares. 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 $15.03 and a 200-day moving average of $17.13. The company’s market cap is $279.6 million.
NanoString Technologies (NASDAQ:NSTG) last posted its quarterly 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. Analysts expect that NanoString Technologies will post $-2.39 EPS 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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