Novanta Inc (NASDAQ:NOVT) CFO Robert Buckley sold 8,764 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $56.83, for a total value of $498,058.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Robert Buckley also recently made the following trade(s):
- On Monday, March 5th, Robert Buckley sold 8,850 shares of Novanta stock. The stock was sold at an average price of $55.55, for a total value of $491,617.50.
Novanta Inc (NASDAQ NOVT) traded down $0.10 during trading on Tuesday, reaching $56.70. The company’s stock had a trading volume of 111,476 shares, compared to its average volume of 233,482. The company has a quick ratio of 2.00, a current ratio of 2.93 and a debt-to-equity ratio of 0.72. Novanta Inc has a 1 year low of $25.85 and a 1 year high of $60.30. The firm has a market capitalization of $1,960.00, a price-to-earnings ratio of 34.79 and a beta of 1.33.
Several research analysts have issued reports on NOVT shares. BidaskClub upgraded Novanta from a “hold” rating to a “buy” rating in a research note on Thursday, February 22nd. William Blair started coverage on Novanta in a research note on Tuesday, February 27th. They set an “outperform” rating for the company. Finally, Robert W. Baird started coverage on Novanta in a research note on Thursday, December 7th. They set an “outperform” rating and a $54.00 price objective for the company.
A number of institutional investors have recently added to or reduced their stakes in the business. Sterling Capital Management LLC acquired a new position in Novanta during the fourth quarter worth $1,062,000. MetLife Investment Advisors LLC acquired a new position in Novanta during the fourth quarter worth $767,000. Vident Investment Advisory LLC acquired a new position in Novanta during the fourth quarter worth $19,439,000. Jane Street Group LLC raised its stake in Novanta by 144.4% during the fourth quarter. Jane Street Group LLC now owns 13,128 shares of the technology company’s stock worth $656,000 after acquiring an additional 7,757 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in Novanta by 1.8% during the fourth quarter. Teachers Advisors LLC now owns 78,344 shares of the technology company’s stock worth $3,917,000 after acquiring an additional 1,415 shares in the last quarter. Hedge funds and other institutional investors own 82.74% of the company’s stock.
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Novanta Company Profile
Novanta Inc, formerly GSI Group Inc, designs, develops, manufactures and sells precision photonic and motion control components and subsystems. The Company’s segments are Photonics, Vision and Precision Motion. The Photonics segment designs, manufactures and markets photonics-based solutions, including carbon dioxide (CO2) laser sources, laser scanning and laser beam delivery products, to customers around the world.
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