Mobia Medical (NASDAQ:MOBI) Major Shareholder Acquires $7,999,995.00 in Stock

Mobia Medical, Inc. (NASDAQ:MOBI) major shareholder Osage University Gp Iii, Llc bought 533,333 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average cost of $15.00 per share, for a total transaction of $7,999,995.00. Following the transaction, the insider directly owned 2,006,716 shares of the company’s stock, valued at $30,100,740. This trade represents a 36.20% 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.

Mobia Medical Trading Up 0.8%

MOBI stock traded up $0.10 on Tuesday, reaching $12.10. 162,850 shares of the company were exchanged, compared to its average volume of 266,637. Mobia Medical, Inc. has a 12 month low of $10.19 and a 12 month high of $14.00. The firm has a market capitalization of $341.58 million, a P/E ratio of 67.22 and a beta of 2.84.

Key Headlines Impacting Mobia Medical

Here are the key news stories impacting Mobia Medical this week:

• Positive Sentiment: CEO commentary highlighted a potentially large market opportunity in stroke rehab, reinforcing the growth story for Mobia Medical as it looks to expand its commercial reach. Mobia Medical CEO eyes large market for stroke rehab
• Positive Sentiment: Director William T. Harrington bought 533,333 shares, a sizable commitment that signals strong insider confidence in Mobia Medical’s outlook. Mobia Medical (NASDAQ:MOBI) Director William Harrington Acquires 533,333 Shares of Stock
• Positive Sentiment: Director Casey M. Tansey acquired 66,666 shares, adding to the sense that leadership sees attractive long-term value at current levels. Mobia Medical (NASDAQ:MOBI) Director Casey Tansey Acquires 66,666 Shares
• Positive Sentiment: Director Cynthia L. Lucchese purchased 125,000 shares, another insider buy that may bolster investor confidence. Mobia Medical (NASDAQ:MOBI) Director Cynthia Lucchese Acquires 125,000 Shares
• Positive Sentiment: Director Dana G. Jr. Mead bought 7,000 shares, while insider Chase Leavitt also purchased 3,000 shares, adding more evidence of broad insider accumulation. Mobia Medical (NASDAQ:MOBI) Insider Purchases $45,000.00 in Stock