CapsoVision, Inc. (NASDAQ:CV – Get Free Report) major shareholder Ching Hang Shen bought 878,734 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were bought at an average cost of $5.69 per share, for a total transaction of $4,999,996.46. Following the transaction, the insider directly owned 2,926,655 shares of the company’s stock, valued at $16,652,666.95. This trade represents a 42.91% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
CapsoVision Price Performance
Shares of CV traded up $0.37 on Friday, reaching $6.70. 1,614,307 shares of the stock traded hands, compared to its average volume of 250,210. The firm has a market cap of $335.33 million, a price-to-earnings ratio of -14.26 and a beta of -2.47. The stock’s 50-day moving average price is $6.40 and its 200-day moving average price is $6.52. CapsoVision, Inc. has a 12 month low of $4.34 and a 12 month high of $15.37.
CapsoVision (NASDAQ:CV – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.15) earnings per share (EPS) for the quarter. CapsoVision had a negative return on equity of 177.85% and a negative net margin of 214.74%.The business had revenue of $3.64 million during the quarter. As a group, equities research analysts forecast that CapsoVision, Inc. will post -0.56 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on CV
Hedge Funds Weigh In On CapsoVision
Several institutional investors and hedge funds have recently made changes to their positions in the company. Connective Capital Management LLC acquired a new stake in CapsoVision during the 2nd quarter worth $76,000. Bank of America Corp DE acquired a new position in CapsoVision in the second quarter valued at about $193,000. Legal & General Group Plc acquired a new position in CapsoVision in the second quarter valued at about $26,000. BlackRock Inc. bought a new stake in shares of CapsoVision in the second quarter worth about $14,372,000. Finally, Deutsche Bank AG bought a new stake in shares of CapsoVision in the second quarter worth about $263,000.
CapsoVision Company Profile
CapsoVision, Inc is a medical technology company focused on developing and commercializing capsule endoscopy systems for gastrointestinal (GI) diagnostics. Its products are designed to help physicians examine the digestive tract, particularly the small intestine, using an ingestible capsule rather than a conventional endoscopic procedure.
The company’s principal product is CapsoCam Plus, an ingestible capsule endoscope that captures panoramic images as it travels through the gastrointestinal tract.
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