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

Geode Capital Management LLC increased its stake in shares of Modular Medical, Inc. (NASDAQ:MODD) by 45.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 owned 0.94% of Modular Medical worth $690,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of MODD. Renaissance Technologies LLC acquired a new stake in Modular Medical in the 2nd quarter valued at about $40,000. Walleye Capital LLC raised 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 acquiring an additional 56,552 shares during the last quarter. State Street Corp raised 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 acquiring an additional 56,300 shares during the last quarter. Corsair Capital Management L.P. raised its holdings in Modular Medical by 13.6% in the 3rd 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 last quarter. Finally, Bard Associates Inc. raised its holdings in Modular Medical by 81.4% in the 3rd quarter. Bard Associates Inc. now owns 1,462,930 shares of the company’s stock valued at $3,292,000 after acquiring an additional 656,330 shares during the last quarter. Institutional investors and hedge funds own 27.47% of the company’s stock.

Insider Buying and Selling at Modular Medical

In other news, CEO Manchester Management Co Llc purchased 166,666 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was acquired at an average price of $1.50 per share, with a total value of $249,999.00. Following the purchase, the chief executive officer now directly owns 3,284,743 shares in the company, valued at approximately $4,927,114.50. This represents a 5.35 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders acquired 287,666 shares of company stock worth $454,279. Insiders own 32.34% of the company’s stock.

Modular Medical Trading Down 1.5 %

MODD stock opened at $1.32 on Friday. 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 12 month low of $1.08 and a 12 month high of $2.65. The firm has a 50-day moving average of $1.70 and a two-hundred day moving average of $1.82.

Modular Medical 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.