Insider Selling: NanoString Technologies major shareholder Sells 35,000 Shares of Stock (NSTG)
NanoString Technologies (NASDAQ:NSTG) major shareholder Ovp Venture Partners Vi Lp sold 35,000 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $11.15, for a total transaction of $390,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares 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 up 0.45% during mid-day trading on Thursday, hitting $11.18. The stock had a trading volume of 109,145 shares. NanoString Technologies has a 1-year low of $7.50 and a 1-year high of $22.44. The stock has a 50-day moving average of $12. and a 200-day moving average of $15.5. The company’s market cap is $202.6 million.
NanoString Technologies (NASDAQ:NSTG) last released its earnings data 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.
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.