Insider Buying: Modular Medical, Inc. (NASDAQ:MODD) Director Buys 100,000 Shares of Stock

Modular Medical, Inc. (NASDAQ:MODD) Director Manchester Management Co Llc bought 100,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was bought at an average cost of $1.69 per share, with a total value of $169,000.00. Following the transaction, the director now owns 244,750 shares in the company, valued at $413,627.50. This trade represents a 69.08 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Manchester Management Co Llc also recently made the following trade(s):

• On Thursday, November 21st, Manchester Management Co Llc purchased 166,666 shares of Modular Medical stock. The stock was purchased at an average price of $1.50 per share, for a total transaction of $249,999.00.

Modular Medical Price Performance

Shares of MODD opened at $1.70 on Friday. Modular Medical, Inc. has a one year low of $1.08 and a one year high of $2.65. The business has a fifty day moving average of $2.14 and a 200 day moving average of $1.85. The firm has a market capitalization of $58.97 million, a P/E ratio of -2.70 and a beta of 0.59.

Institutional Investors Weigh In On Modular Medical

A number of large investors have recently made changes to their positions in MODD. Renaissance Technologies LLC bought a new position in Modular Medical in the second quarter worth approximately $40,000. Bard Associates Inc. increased its stake in shares of Modular Medical by 81.4% in the 3rd quarter. Bard Associates Inc. now owns 1,462,930 shares of the company’s stock worth $3,292,000 after purchasing an additional 656,330 shares in the last quarter. Corsair Capital Management L.P. increased its stake in shares of Modular Medical by 13.6% in the 3rd quarter. Corsair Capital Management L.P. now owns 537,363 shares of the company’s stock worth $1,209,000 after purchasing an additional 64,393 shares in the last quarter. Walleye Capital LLC raised its holdings in Modular Medical by 299.8% in the 3rd quarter. Walleye Capital LLC now owns 75,418 shares of the company’s stock worth $170,000 after purchasing an additional 56,552 shares during the period. Finally, State Street Corp lifted its position in Modular Medical by 285.8% during the third quarter. State Street Corp now owns 76,000 shares of the company’s stock valued at $171,000 after purchasing an additional 56,300 shares in the last quarter. 27.47% of the stock is currently owned by institutional investors.

Modular Medical Company Profile

Modular Medical, Inc operates as a medical device company. It focuses on the design, development, and commercialization of insulin pumps. It offers MODD1, a two-part patch pump for type-1 and type-2 diabetes. The company is headquartered in San Diego, California.