Insider Selling: Ovp Venture Partners Vi Lp Sells 28,801 Shares of NanoString Technologies Stock (NSTG)
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 sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of NanoString Technologies (NASDAQ:NSTG) traded down 1.28% on Wednesday, hitting $11.55. 33,051 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’s 50-day moving average is $12.83 and its 200-day moving average is $16.0. The company’s market cap is $209.3 million.
NanoString Technologies (NASDAQ:NSTG) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.58) earnings per share (EPS) for the quarter, beating the 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 revenue for the quarter 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.
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.
NanoString Technologies, Inc develops, manufactures and sells products, which unlock clinically actionable genomic information from minute amounts of tissue.
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