Modular Medical, Inc. (NASDAQ:MODD) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in Modular Medical, Inc. (NASDAQ:MODD) by 45.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 306,440 shares of the company’s stock after purchasing an additional 95,072 shares during the period. Geode Capital Management LLC’s holdings in Modular Medical were worth $690,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Renaissance Technologies LLC acquired a new stake in Modular Medical in the 2nd quarter valued at approximately $40,000. State Street Corp increased its holdings in Modular Medical by 285.8% in the 3rd 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 during the last quarter. Walleye Capital LLC increased 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 valued at $170,000 after purchasing an additional 56,552 shares during the last quarter. Corsair Capital Management L.P. grew its stake in shares of Modular Medical by 13.6% in the third quarter. Corsair Capital Management L.P. now owns 537,363 shares of the company’s stock worth $1,209,000 after acquiring an additional 64,393 shares in the last quarter. Finally, Bard Associates Inc. grew its stake in shares of Modular Medical by 81.4% in the third quarter. Bard Associates Inc. now owns 1,462,930 shares of the company’s stock worth $3,292,000 after acquiring an additional 656,330 shares in the last quarter. Institutional investors and hedge funds own 27.47% of the company’s stock.

Insiders Place Their Bets

In other Modular Medical news, Director Manchester Management Co Llc purchased 21,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was acquired 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 in the company, valued at approximately $446,460. The trade was a 8.58 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired a total of 287,666 shares of company stock worth $454,279 over the last 90 days. Corporate insiders own 32.34% of the company’s stock.

Modular Medical Stock Down 1.5 %

NASDAQ:MODD opened at $1.32 on Friday. The company has a fifty day simple moving average of $1.70 and a two-hundred day simple moving average of $1.82. The company has a market cap of $45.79 million, a price-to-earnings ratio of -2.10 and a beta of 0.52. Modular Medical, Inc. has a 52 week low of $1.08 and a 52 week high of $2.65.

About Modular Medical

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.