Mobia Medical, Inc. (NASDAQ:MOBI – Get Free Report) major shareholder Osage University Gp Iii, Llc purchased 533,333 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average cost of $15.00 per share, with a total value of $7,999,995.00. Following the purchase, the insider owned 2,006,716 shares in the company, valued at $30,100,740. This represents a 36.20% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Mobia Medical Price Performance
Shares of NASDAQ MOBI opened at $12.10 on Wednesday. The company has a market capitalization of $341.58 million, a P/E ratio of 67.22 and a beta of 2.84. Mobia Medical, Inc. has a 52 week low of $10.19 and a 52 week high of $14.00.
More Mobia Medical News
Here are the key news stories impacting Mobia Medical this week:
- Positive Sentiment: Major shareholder Osage University Gp Iii, LLC bought 533,333 shares at $15.00 each, a nearly $8.0 million investment that lifted its position by 36.2%. SEC filing
- Positive Sentiment: Director William T. Harrington also purchased 533,333 shares at $15.00, matching the large insider commitment and reinforcing the bullish signal. SEC filing
- Positive Sentiment: Other directors and insiders added to positions as well, including Cynthia L. Lucchese (125,000 shares), Casey M. Tansey (66,666 shares), Dana G. Jr. Mead (7,000 shares), and Chase Leavitt (3,000 shares), suggesting broad insider support. Article on CEO outlook
- Neutral Sentiment: The company’s CEO is highlighting a large potential market for stroke rehabilitation, which supports the long-term growth narrative but does not yet include new financial results or guidance. Article title
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