Modular Medical, Inc. (NASDAQ:MODD) Director Buys $35,280.00 in Stock

Modular Medical, Inc. (NASDAQ:MODD) Director Manchester Management Co Llc purchased 21,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were purchased at an average price of $1.68 per share, for a total transaction of $35,280.00. Following the completion of the purchase, the director now directly owns 265,750 shares of the company’s stock, valued at approximately $446,460. This trade represents a 8.58 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Wednesday, November 27th, Manchester Management Co Llc bought 100,000 shares of Modular Medical stock. The shares were purchased at an average price of $1.69 per share, with a total value of $169,000.00.
• On Thursday, November 21st, Manchester Management Co Llc bought 166,666 shares of Modular Medical stock. The stock was acquired at an average price of $1.50 per share, with a total value of $249,999.00.

Modular Medical Price Performance

NASDAQ:MODD remained flat at $1.68 during trading hours on Wednesday. The company’s stock had a trading volume of 153,183 shares, compared to its average volume of 234,753. The firm has a market capitalization of $58.28 million, a P/E ratio of -2.67 and a beta of 0.46. Modular Medical, Inc. has a 12-month low of $1.08 and a 12-month high of $2.65. The company’s fifty day moving average is $2.11 and its 200 day moving average is $1.85.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC bought a new position in shares of Modular Medical during the third quarter worth $44,000. Geode Capital Management LLC raised its stake in Modular Medical by 45.0% during the 3rd quarter. Geode Capital Management LLC now owns 306,440 shares of the company’s stock worth $690,000 after buying an additional 95,072 shares during the period. State Street Corp raised its stake in Modular Medical by 285.8% during the 3rd quarter. State Street Corp now owns 76,000 shares of the company’s stock worth $171,000 after buying an additional 56,300 shares during the period. Walleye Capital LLC lifted its holdings in Modular Medical by 299.8% during the third quarter. Walleye Capital LLC now owns 75,418 shares of the company’s stock worth $170,000 after acquiring an additional 56,552 shares in the last quarter. Finally, Corsair Capital Management L.P. grew its stake in Modular Medical by 13.6% in the third quarter. Corsair Capital Management L.P. now owns 537,363 shares of the company’s stock valued at $1,209,000 after acquiring an additional 64,393 shares during the period. Institutional investors own 27.47% of the company’s stock.

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.