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.
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