908 Devices Inc. (NASDAQ:MASS – Get Free Report) CFO Joseph Iv Griffith sold 11,459 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $10.95, for a total value of $125,476.05. Following the transaction, the chief financial officer owned 121,497 shares of the company’s stock, valued at $1,330,392.15. This represents a 8.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
908 Devices Stock Performance
MASS stock opened at $10.73 on Friday. The firm has a fifty day moving average price of $8.76 and a 200 day moving average price of $7.69. 908 Devices Inc. has a fifty-two week low of $5.03 and a fifty-two week high of $11.25. The firm has a market cap of $443.47 million, a PE ratio of -11.29 and a beta of 0.66.
908 Devices (NASDAQ:MASS – Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.03. 908 Devices had a negative net margin of 56.96% and a negative return on equity of 12.54%. The business had revenue of $16.07 million during the quarter, compared to analyst estimates of $15.37 million. On average, equities analysts predict that 908 Devices Inc. will post -0.8 EPS for the current year.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on 908 Devices
Hedge Funds Weigh In On 908 Devices
Several hedge funds have recently bought and sold shares of MASS. Legal & General Group Plc purchased a new stake in shares of 908 Devices during the second quarter valued at $27,000. Allworth Financial LP purchased a new position in 908 Devices in the 2nd quarter worth about $29,000. California State Teachers Retirement System lifted its holdings in 908 Devices by 128.3% during the 2nd quarter. California State Teachers Retirement System now owns 3,384 shares of the company’s stock valued at $29,000 after buying an additional 1,902 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in 908 Devices in the 2nd quarter valued at about $48,000. Finally, Intelligence Driven Advisers LLC bought a new position in 908 Devices in the 1st quarter worth about $61,000. Institutional investors own 88.06% of the company’s stock.
908 Devices Company Profile
908 Devices Inc (NASDAQ: MASS) is a developer and manufacturer of portable analytical instruments designed to deliver rapid chemical detection in field and laboratory environments. The company’s core focus lies in miniaturizing high-performance mass spectrometry and ion mobility spectrometry technologies, enabling users to perform on-site analysis that traditionally required benchtop equipment.
Key products in 908 Devices’ portfolio include the MX908, a handheld high-resolution mass spectrometer capable of detecting and identifying a broad range of chemicals and explosives; the M908 portable mass spectrometer for laboratory or mobile units; and the ZipChip capillary electrophoresis system for high-throughput, microfluidic separations.
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