Share on StockTwits

NanoString Technologies (NASDAQ:NSTG) major shareholder Ovp Venture Partners Vi Lp sold 28,801 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $12.36, for a total value of $355,980.36. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Separately, analysts at Leerink Swann cut their price target on shares of NanoString Technologies from $23.00 to $21.00 in a research note on Wednesday, August 6th.

Shares of NanoString Technologies (NASDAQ:NSTG) remained flat at $12.00 during during mid-day trading trading on Monday. 57,943 shares of the company’s stock traded hands. NanoString Technologies has a 52-week low of $7.07 and a 52-week high of $22.44. The stock has a 50-day moving average of $12.92 and a 200-day moving average of $16.08. The company’s market cap is $217.4 million.

NanoString Technologies (NASDAQ:NSTG) last released its earnings data on Tuesday, August 5th. The company reported ($0.58) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.65) by $0.07. The company had revenue of $10.90 million for the quarter, compared to the consensus estimate of $10.20 million. The company’s quarterly revenue was up 51.4% on a year-over-year basis. On average, analysts predict that NanoString Technologies will post $-2.20 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.