NanoString Technologies, Inc. (NASDAQ:NSTG) Director Kirk Malloy sold 2,500 shares of NanoString Technologies stock in a transaction dated Monday, January 11th. The stock was sold at an average price of $66.53, for a total value of $166,325.00. Following the completion of the transaction, the director now owns 1,990 shares of the company’s stock, valued at approximately $132,394.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Kirk Malloy also recently made the following trade(s):

  • On Monday, November 9th, Kirk Malloy sold 2,500 shares of NanoString Technologies stock. The stock was sold at an average price of $40.96, for a total value of $102,400.00.

Shares of NanoString Technologies stock traded up $4.19 on Wednesday, hitting $71.72. 937,146 shares of the company traded hands, compared to its average volume of 727,081. The stock’s 50 day moving average price is $64.14 and its 200-day moving average price is $45.49. The company has a current ratio of 8.94, a quick ratio of 8.12 and a debt-to-equity ratio of 1.66. NanoString Technologies, Inc. has a 52 week low of $13.85 and a 52 week high of $75.35. The company has a market cap of $3.16 billion, a PE ratio of -42.38 and a beta of 1.72.

NanoString Technologies (NASDAQ:NSTG) last posted its quarterly earnings results on Monday, November 9th. The biotechnology company reported ($0.56) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.61) by $0.05. The firm had revenue of $31.85 million during the quarter, compared to the consensus estimate of $30.13 million. NanoString Technologies had a negative net margin of 53.47% and a negative return on equity of 68.96%. As a group, research analysts anticipate that NanoString Technologies, Inc. will post -2.77 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. Great West Life Assurance Co. Can grew its holdings in NanoString Technologies by 6,163.8% in the third quarter. Great West Life Assurance Co. Can now owns 198,000 shares of the biotechnology company’s stock worth $26,000 after purchasing an additional 194,839 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in NanoString Technologies in the second quarter worth $51,000. Nisa Investment Advisors LLC purchased a new position in NanoString Technologies in the third quarter worth $54,000. Point72 Asset Management L.P. purchased a new position in NanoString Technologies in the third quarter worth $161,000. Finally, Principal Financial Group Inc. purchased a new position in NanoString Technologies in the second quarter worth $224,000. 78.22% of the stock is currently owned by institutional investors.

Several research firms recently commented on NSTG. Zacks Investment Research upgraded NanoString Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of NanoString Technologies from $45.00 to $60.00 in a research note on Wednesday, December 2nd. Cowen raised shares of NanoString Technologies from a “market perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a research note on Wednesday, January 6th. BidaskClub downgraded shares of NanoString Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 30th. Finally, Morgan Stanley raised their price objective on shares of NanoString Technologies from $44.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 3rd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $52.29.

NanoString Technologies Company Profile

NanoString Technologies, Inc provides life science tools for translational research and molecular diagnostic products worldwide. The company offers nCounter Analysis System, an automated, multi-application, digital detection, and counting system. It provides nCounter MAX and FLEX systems that include Prep Station, an automated liquid handling component that processes and prepares samples for data collection; and nCounter Digital Analyzer, which collects data from samples by taking images of the immobilized fluorescent reporters in the sample cartridge and processing the data into output files.

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Insider Buying and Selling by Quarter for NanoString Technologies (NASDAQ:NSTG)

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