Share on StockTwits

NanoString Technologies (NASDAQ:NSTG) major shareholder Ovp Venture Partners Vi Lp sold 11,925 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $12.05, for a total transaction of $143,696.25. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

NanoString Technologies (NASDAQ:NSTG) traded down 1.97% during mid-day trading on Wednesday, hitting $11.47. 95,303 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 $12.74 and its 200-day moving average is $16.00. The company’s market cap is $207.8 million.

NanoString Technologies (NASDAQ:NSTG) last released its earnings results on Tuesday, August 5th. The company reported ($0.58) earnings per share for the quarter, beating the analysts’ 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. NanoString Technologies’s revenue was up 51.4% compared to the same quarter last year. 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.

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.