Insider Buying: CapsoVision (NASDAQ:CV) Major Shareholder Acquires 61,068 Shares

CapsoVision, Inc. (NASDAQ:CV) major shareholder Eliyahou Et Al Harari bought 61,068 shares of the company’s stock in a transaction that occurred on Friday, July 17th. The shares were bought at an average cost of $6.73 per share, for a total transaction of $410,987.64. Following the completion of the acquisition, the insider owned 3,343,119 shares of the company’s stock, valued at $22,499,190.87. This trade represents a 1.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Eliyahou Et Al Harari also recently made the following trade(s):

• On Wednesday, July 8th, Eliyahou Et Al Harari purchased 81,300 shares of CapsoVision stock. The stock was bought at an average cost of $6.09 per share, with a total value of $495,117.00.
• On Friday, June 26th, Eliyahou Et Al Harari acquired 13,850 shares of CapsoVision stock. The stock was bought at an average price of $7.35 per share, for a total transaction of $101,797.50.

CapsoVision Stock Up 0.5%

Shares of NASDAQ CV traded up $0.03 during midday trading on Tuesday, reaching $6.64. 17,659 shares of the stock were exchanged, compared to its average volume of 271,859. The firm has a market cap of $331.76 million and a price-to-earnings ratio of -2.84. The firm has a 50-day simple moving average of $6.77 and a two-hundred day simple moving average of $6.29. CapsoVision, Inc. has a twelve month low of $3.43 and a twelve month high of $15.37.

CapsoVision (NASDAQ:CV) last posted its earnings results on Thursday, May 14th. The company reported ($0.15) earnings per share (EPS) for the quarter. The company had revenue of $2.79 million for the quarter.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Citadel Advisors LLC purchased a new position in shares of CapsoVision during the 3rd quarter valued at approximately $115,000. Geode Capital Management LLC increased its holdings in CapsoVision by 34.1% in the 4th quarter. Geode Capital Management LLC now owns 154,264 shares of the company’s stock worth $1,649,000 after acquiring an additional 39,231 shares in the last quarter. Deutsche Bank AG purchased a new position in CapsoVision in the 4th quarter valued at about $47,000. Wells Fargo & Company MN boosted its holdings in CapsoVision by 66.4% in the 4th quarter. Wells Fargo & Company MN now owns 6,287 shares of the company’s stock worth $67,000 after buying an additional 2,508 shares during the last quarter. Finally, State Street Corp boosted its holdings in CapsoVision by 340.7% in the 4th quarter. State Street Corp now owns 85,929 shares of the company’s stock worth $919,000 after buying an additional 66,429 shares during the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of CapsoVision in a research note on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.50.

About CapsoVision

CapsoVision, Inc (NASDAQ: CV) is a medical device company specializing in advanced capsule endoscopy systems for gastrointestinal diagnostics. The company’s flagship product, the CapsoCam® Plus System, features a swallowable, tether-free capsule equipped with four side-viewing cameras that capture high-resolution, 360-degree images of the small intestine. By storing images internally rather than transmitting data wirelessly, CapsoCam Plus enables patients to maintain normal daily activities during the procedure and reduces the risk of signal loss or image drop-out.

In addition to its capsule hardware, CapsoVision offers CapsoCloud®, a secure, cloud-based platform that streamlines image retrieval, storage and reporting.