Insider Selling: Ovp Venture Partners Vi Lp Sells 20,257 Shares of NanoString Technologies Stock (NSTG)
NanoString Technologies (NASDAQ:NSTG) major shareholder Ovp Venture Partners Vi Lp sold 20,257 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $12.05, for a total value of $244,096.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions 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) remained flat at $11.49 during during mid-day trading trading on Friday. 6,123 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 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 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. 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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