A Director at NanoString Tech (NASDAQ: NSTG) is Buying Shares

By Carrie Williams

Today, a Director at NanoString Tech (NASDAQ: NSTG), William Young, bought shares of NSTG for $207.3K.

This recent transaction increases William Young’s holding in the company by 100% to a total of $210.3K.

Based on NanoString Tech’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $35.23 million and GAAP net loss of $8.75 million. In comparison, last year the company earned revenue of $25.23 million and had a GAAP net loss of $11.59 million. The company has a one-year high of $20.70 and a one-year low of $5.87. Currently, NanoString Tech has an average volume of 912.4K.

Seven different firms, including BTIG and Cowen & Co., currently also have a Buy rating on the stock.

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NanoString Technologies, Inc. engages in the provision of life science tools for translational research and molecular diagnostic products. It offers analysis solutions, gene expression panels, protein assays, DNA Assaya, miRNA assays, vantage 3D assays, custom solutions, sample prep and nCounter consumables, and nDesign gateway.