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

Modular Medical, Inc. (NASDAQ:MODD) Director Manchester Management Co Llc acquired 100,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average price of $1.69 per share, for a total transaction of $169,000.00. Following the completion of the purchase, the director now directly owns 244,750 shares in the company, valued at $413,627.50. The trade was a 69.08 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

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

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

Modular Medical Price Performance

NASDAQ MODD traded up $0.03 during trading on Friday, reaching $1.67. 2,084 shares of the company’s stock were exchanged, compared to its average volume of 233,024. Modular Medical, Inc. has a fifty-two week low of $1.08 and a fifty-two week high of $2.65. The stock has a market capitalization of $57.93 million, a P/E ratio of -2.60 and a beta of 0.59. The business has a 50 day moving average price of $2.15 and a 200-day moving average price of $1.85.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC acquired a new stake in Modular Medical during the 2nd quarter valued at $40,000. Virtu Financial LLC bought a new position in shares of Modular Medical in the third quarter valued at about $44,000. Walleye Capital LLC raised its position in shares of Modular Medical by 299.8% in the third quarter. Walleye Capital LLC now owns 75,418 shares of the company’s stock valued at $170,000 after purchasing an additional 56,552 shares during the period. State Street Corp lifted its stake 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 worth $171,000 after buying an additional 56,300 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings 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 worth $690,000 after buying an additional 95,072 shares during the period. 27.47% of the stock is owned by institutional investors and hedge funds.

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.