Insider Buying: Modular Medical, Inc. (NASDAQ:MODD) Director Buys $169,000.00 in Stock

Modular Medical, Inc. (NASDAQ:MODD) Director Manchester Management Co Llc bought 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was acquired at an average cost of $1.69 per share, with a total value of $169,000.00. Following the transaction, the director now owns 244,750 shares of the company’s stock, valued at $413,627.50. This represents a 69.08 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Manchester Management Co Llc also recently made the following trade(s):

• On Thursday, November 21st, Manchester Management Co Llc acquired 166,666 shares of Modular Medical stock. The shares were acquired at an average price of $1.50 per share, with a total value of $249,999.00.

Modular Medical Stock Performance

MODD opened at $1.70 on Monday. The business’s 50-day simple moving average is $2.14 and its 200 day simple moving average is $1.85. Modular Medical, Inc. has a 52-week low of $1.08 and a 52-week high of $2.65. The firm has a market capitalization of $58.97 million, a PE ratio of -2.70 and a beta of 0.59.

Institutional Investors Weigh In On Modular Medical

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new position in shares of Modular Medical in the second quarter valued at $40,000. Virtu Financial LLC bought a new position in shares of Modular Medical in the 3rd quarter valued at about $44,000. Walleye Capital LLC increased its stake in shares of Modular Medical by 299.8% during the 3rd quarter. Walleye Capital LLC now owns 75,418 shares of the company’s stock worth $170,000 after purchasing an additional 56,552 shares during the last quarter. State Street Corp raised its holdings in shares of Modular Medical by 285.8% in the 3rd quarter. State Street Corp now owns 76,000 shares of the company’s stock valued at $171,000 after purchasing an additional 56,300 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Modular Medical by 45.0% in the 3rd quarter. Geode Capital Management LLC now owns 306,440 shares of the company’s stock valued at $690,000 after purchasing an additional 95,072 shares during the last quarter. Institutional investors own 27.47% of the company’s stock.

Modular Medical Company Profile

Modular Medical, Inc operates as a medical device company. It focuses on the design, development, and commercialization of insulin pumps. It offers MODD1, a two-part patch pump for type-1 and type-2 diabetes. The company is headquartered in San Diego, California.