Insider Selling: Ovp Venture Partners Vi Lp Unloads 11,925 Shares of NanoString Technologies Stock (NSTG)
NanoString Technologies (NASDAQ:NSTG) major shareholder Ovp Venture Partners Vi Lp sold 11,925 shares of the 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 value of $143,696.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock 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.
NanoString Technologies (NASDAQ:NSTG) traded down 0.09% on Friday, hitting $11.48. 6,743 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 $208.0 million.
NanoString Technologies (NASDAQ:NSTG) last released its 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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