Organovo Holdings, Inc. (ONVO) Files Form 4 Insider Buying : Keith Murphy Buys 20,000 Shares
Organovo Holdings, Inc. (ONVO): Keith Murphy , CEO of Organovo Holdings, Inc. purchased 20,000 shares on Aug 12, 2015. The Insider buying transaction was disclosed on Aug 13, 2015 to the Securities and Exchange Commission. The shares were purchased at $2.56 per share for a total value of $51,188.00.
Currently the company Insiders own 6.5% of Organovo Holdings, Inc. Company shares. Institutional Investors own 23.5% of Company shares. During last 3 month period, 0.01% of total institutional ownership has changed in the company shares. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Michaels Barry D, officer (Chief Financial Officer) of Organovo Holdings, Inc., unloaded 15,000 shares at an average price of $7.5 on December 29, 2014. The total amount of the transaction was worth $112,500, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing. Organovo Holdings, Inc. (NYSEMKT:ONVO) shares are expected to touch $5.33 in the short term. This short term price target has been shared by 3 analysts. However, the standard deviation of short term price estimate has been valued at 0.58. The target price could hit $6 on the higher end and $5 on the lower end.
The company shares have dropped -62.93% from its 1 Year high price. On Aug 27, 2014, the shares registered one year high at $8.26 and the one year low was seen on Aug 7, 2015. The 50-Day Moving Average price is $3.70 and the 200 Day Moving Average price is recorded at $4.77. Organovo Holdings, Inc. (NYSEMKT:ONVO) : On Monday heightened volatility was witnessed in Organovo Holdings, Inc. (NYSEMKT:ONVO) which led to swings in the share price. The shares opened for trading at $2.92 and hit $3.43 on the upside , eventually ending the session at $3.4, with a gain of 16.84% or 0.49 points. The heightened volatility saw the trading volume jump to 1,694,624 shares. The 52-week high of the share price is $8.26 and the company has a market cap of $309 million. The 52-week low of the share price is at $2.78 .
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