Barney Saunders Sells 11,983 Shares of NanoString Technologies Inc. (NSTG) Stock
NanoString Technologies Inc. (NASDAQ:NSTG) SVP Barney Saunders sold 11,983 shares of the stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $22.48, for a total value of $269,377.84. Following the sale, the senior vice president now directly owns 6,371 shares of the company’s stock, valued at $143,220.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
NanoString Technologies Inc. (NASDAQ:NSTG) opened at 22.69 on Wednesday. The firm’s 50-day moving average price is $20.53 and its 200-day moving average price is $16.35. The firm’s market cap is $476.58 million. NanoString Technologies Inc. has a 52-week low of $11.30 and a 52-week high of $23.45.
NanoString Technologies (NASDAQ:NSTG) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.51) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.52) by $0.01. The company had revenue of $23.90 million for the quarter, compared to analyst estimates of $23.46 million. NanoString Technologies had a negative return on equity of 784.63% and a negative net margin of 53.02%. The firm’s quarterly revenue was up 52.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.49) earnings per share. Equities research analysts expect that NanoString Technologies Inc. will post ($2.21) EPS for the current year.
A number of analysts recently issued reports on the company. Zacks Investment Research cut NanoString Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. BTIG Research reaffirmed a “buy” rating and set a $20.00 price target on shares of NanoString Technologies in a research report on Friday, August 5th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $18.50.
Institutional investors have recently bought and sold shares of the company. Prudential Financial Inc. raised its position in NanoString Technologies by 1.2% in the third quarter. Prudential Financial Inc. now owns 10,465 shares of the company’s stock worth $209,000 after buying an additional 120 shares in the last quarter. Rhumbline Advisers raised its position in NanoString Technologies by 1.1% in the third quarter. Rhumbline Advisers now owns 14,796 shares of the company’s stock worth $296,000 after buying an additional 160 shares in the last quarter. California State Teachers Retirement System raised its position in NanoString Technologies by 0.6% in the third quarter. California State Teachers Retirement System now owns 31,267 shares of the company’s stock worth $625,000 after buying an additional 200 shares in the last quarter. ProShare Advisors LLC raised its position in NanoString Technologies by 3.0% in the second quarter. ProShare Advisors LLC now owns 16,568 shares of the company’s stock worth $209,000 after buying an additional 490 shares in the last quarter. Finally, BlackRock Investment Management LLC raised its position in NanoString Technologies by 1.1% in the third quarter. BlackRock Investment Management LLC now owns 57,415 shares of the company’s stock worth $1,147,000 after buying an additional 603 shares in the last quarter. 87.09% of the stock is currently owned by institutional investors.
NanoString Technologies Company Profile
NanoString Technologies, Inc develops and manufactures intuitive products that unlock scientifically valuable and clinically actionable biologic information from minute amounts of tissue. The Company operates in the segment of development, manufacture and commercialization of instruments, consumables and services for profiling the activity of hundreds of genes and proteins simultaneously from a single tissue sample.
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