Neptune Wellness Solutions Inc (NASDAQ:NEPT) Major Shareholder Sells $28,520.36 in Stock

Neptune Wellness Solutions Inc (NASDAQ:NEPTGet Free Report) (TSE:NTB) major shareholder Securities Settlement Neptune sold 64,819 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $0.44, for a total transaction of $28,520.36. Following the transaction, the insider now owns 1,738,116 shares of the company’s stock, valued at $764,771.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Securities Settlement Neptune also recently made the following trade(s):

  • On Monday, March 4th, Securities Settlement Neptune sold 15,000 shares of Neptune Wellness Solutions stock. The shares were sold at an average price of $0.40, for a total transaction of $6,000.00.

Neptune Wellness Solutions Price Performance

Neptune Wellness Solutions Inc has a 1 year low of $0.19 and a 1 year high of $28.00. The stock has a 50-day moving average of $0.46 and a two-hundred day moving average of $3.55.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Neptune Wellness Solutions in a research report on Thursday. They set a “sell” rating for the company.

Get Our Latest Research Report on Neptune Wellness Solutions

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its stake in Neptune Wellness Solutions by 12.6% in the third quarter. Renaissance Technologies LLC now owns 128,684 shares of the biotechnology company’s stock worth $196,000 after purchasing an additional 14,395 shares during the last quarter. Citadel Advisors LLC bought a new stake in Neptune Wellness Solutions in the third quarter worth $43,000. Stifel Financial Corp bought a new stake in Neptune Wellness Solutions in the first quarter worth $41,000. Virtu Financial LLC lifted its stake in Neptune Wellness Solutions by 257.6% in the first quarter. Virtu Financial LLC now owns 554,376 shares of the biotechnology company’s stock worth $123,000 after purchasing an additional 399,362 shares during the last quarter. Finally, Morgan Stanley lifted its stake in Neptune Wellness Solutions by 26,898.7% in the fourth quarter. Morgan Stanley now owns 544,833 shares of the biotechnology company’s stock worth $172,000 after purchasing an additional 542,815 shares during the last quarter. 14.44% of the stock is currently owned by hedge funds and other institutional investors.

Neptune Wellness Solutions Company Profile

(Get Free Report)

Neptune Wellness Solutions Inc, a health and wellness products company, specializes in the extraction, purification and formulation of cannabis products, as well as other specialty ingredients, such as MaxSimil, a patented ingredient that enhances the absorption of lipid-based nutraceuticals, and various other marine and seed oils.

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Insider Buying and Selling by Quarter for Neptune Wellness Solutions (NASDAQ:NEPT)

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