Modular Medical, Inc. (NASDAQ:MODD) CEO Manchester Management Co Llc Acquires 166,666 Shares

Modular Medical, Inc. (NASDAQ:MODD) CEO Manchester Management Co Llc purchased 166,666 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was bought at an average price of $1.50 per share, with a total value of $249,999.00. Following the completion of the transaction, the chief executive officer now owns 3,284,743 shares of the company’s stock, valued at $4,927,114.50. The trade was a 5.35 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Modular Medical Stock Up 0.6 %

Shares of MODD opened at $1.64 on Thursday. The company has a market cap of $56.70 million, a PE ratio of -2.60 and a beta of 0.59. The business has a fifty day moving average of $2.18 and a 200 day moving average of $1.85. Modular Medical, Inc. has a 52-week low of $1.08 and a 52-week high of $2.65.

Institutional Trading of Modular Medical

Institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC bought a new stake in Modular Medical in the third quarter worth $44,000. Renaissance Technologies LLC purchased a new stake in Modular Medical in the second quarter worth $40,000. Walleye Capital LLC increased its stake in Modular Medical by 299.8% in the third 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 period. State Street Corp increased its stake in Modular Medical by 285.8% in the third quarter. State Street Corp now owns 76,000 shares of the company’s stock worth $171,000 after purchasing an additional 56,300 shares during the period. Finally, Geode Capital Management LLC increased its stake in Modular Medical by 45.0% in the third quarter. Geode Capital Management LLC now owns 306,440 shares of the company’s stock worth $690,000 after purchasing an additional 95,072 shares during the period. 27.47% of the stock is currently owned by institutional investors.

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.