Insider Selling: NanoString Technologies Director Sells 18,557 Shares of Stock (NSTG)
NanoString Technologies (NASDAQ:NSTG) Director Charles P. Waite, Jr. sold 18,557 shares of the stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $12.05, for a total value of $223,611.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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 $11.49 during during mid-day trading trading on Friday. The stock had a trading volume of 6,123 shares. NanoString Technologies has a 1-year low of $7.07 and a 1-year high of $22.44. The stock has a 50-day moving average of $12.64 and a 200-day moving average of $15.96. The company’s market cap is $208.2 million.
NanoString Technologies (NASDAQ:NSTG) last posted its quarterly 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. 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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