NanoString Technologies major shareholder Sells $244,097 in Stock (NSTG)
NanoString Technologies (NASDAQ:NSTG) major shareholder Ovp Venture Partners Vi Lp unloaded 20,257 shares of the stock on the open market in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $12.05, for a total value of $244,096.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more 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) traded down 1.97% during mid-day trading on Wednesday, hitting $11.47. The stock had a trading volume of 95,303 shares. NanoString Technologies has a one year low of $7.07 and a one year high of $22.44. The stock’s 50-day moving average is $12.74 and its 200-day moving average is $16.00. The company’s market cap is $207.8 million.
NanoString Technologies (NASDAQ:NSTG) last issued its quarterly 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. Analysts expect that NanoString Technologies will post $-2.20 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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