Avi S. Katz Purchases 470,890 Shares of QT Imaging Holdings, Inc. (NASDAQ:QTI) Stock

QT Imaging Holdings, Inc. (NASDAQ:QTI) Chairman Avi S. Katz acquired 470,890 shares of QT Imaging stock in a transaction on Tuesday, November 12th. The shares were bought at an average cost of $0.58 per share, with a total value of $273,116.20. Following the completion of the transaction, the chairman now owns 657,960 shares of the company’s stock, valued at approximately $381,616.80. This trade represents a 251.72 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

QT Imaging Stock Up 2.9 %

Shares of QTI traded up $0.01 during midday trading on Thursday, reaching $0.49. 88,681 shares of the stock were exchanged, compared to its average volume of 168,342. QT Imaging Holdings, Inc. has a twelve month low of $0.41 and a twelve month high of $14.40. The stock’s 50 day simple moving average is $0.63 and its 200 day simple moving average is $0.68.

Institutional Investors Weigh In On QT Imaging

Hedge funds and other institutional investors have recently modified their holdings of the company. Atlas Merchant Capital LLC acquired a new position in QT Imaging in the second quarter valued at about $33,000. Virtu Financial LLC acquired a new position in QT Imaging in the first quarter valued at about $55,000. Oxford Financial Group LTD. LLC acquired a new position in QT Imaging during the first quarter worth about $65,000. Finally, Lynrock Lake LP acquired a new position in QT Imaging during the second quarter worth about $191,000. Institutional investors and hedge funds own 24.19% of the company’s stock.

QT Imaging Company Profile

QT Imaging Holdings, Inc engages in the research, development, and commercialization of body imaging systems for detection, diagnosis, monitoring, and treatment of diseases. The company offers QT Ultrasound Breast Scanner, an ultrasonic imaging system that provides reflection-mode and transmission-mode images of a patient’s breast.