NanoString Technologies major shareholder Unloads $143,696 in Stock (NSTG)
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.
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