Modular Medical, Inc. (NASDAQ:MODD) CEO Acquires $249,999.00 in Stock

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

Modular Medical Trading Up 0.6 %

Modular Medical stock opened at $1.64 on Thursday. The firm has a 50 day moving average of $2.18 and a 200 day moving average of $1.85. The firm has a market capitalization of $56.70 million, a price-to-earnings ratio of -2.60 and a beta of 0.59. Modular Medical, Inc. has a 12-month low of $1.08 and a 12-month high of $2.65.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bard Associates Inc. boosted its stake in Modular Medical by 81.4% in the 3rd quarter. Bard Associates Inc. now owns 1,462,930 shares of the company’s stock worth $3,292,000 after purchasing an additional 656,330 shares during the period. AWM Investment Company Inc. bought a new position in shares of Modular Medical during the 1st quarter valued at approximately $1,388,000. Corsair Capital Management L.P. boosted its position in shares of Modular Medical by 13.6% during the 3rd quarter. Corsair Capital Management L.P. now owns 537,363 shares of the company’s stock valued at $1,209,000 after acquiring an additional 64,393 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Modular Medical by 45.0% during the 3rd quarter. Geode Capital Management LLC now owns 306,440 shares of the company’s stock valued at $690,000 after acquiring an additional 95,072 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Modular Medical by 285.8% during the 3rd quarter. State Street Corp now owns 76,000 shares of the company’s stock valued at $171,000 after acquiring an additional 56,300 shares during the last quarter. 27.47% of the stock is currently owned by institutional investors.

About Modular Medical

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.