Geode Capital Management LLC Has $440,000 Stock Position in Modular Medical, Inc. (NASDAQ:MODD)

Geode Capital Management LLC boosted its stake in shares of Modular Medical, Inc. (NASDAQ:MODD) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 321,118 shares of the company’s stock after purchasing an additional 14,678 shares during the quarter. Geode Capital Management LLC’s holdings in Modular Medical were worth $440,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC bought a new position in shares of Modular Medical during the 3rd quarter worth about $44,000. Navigation Wealth Management Inc. grew its position in Modular Medical by 233.8% during the fourth quarter. Navigation Wealth Management Inc. now owns 61,040 shares of the company’s stock worth $84,000 after buying an additional 42,754 shares in the last quarter. State Street Corp grew its position in Modular Medical by 285.8% during the third quarter. State Street Corp now owns 76,000 shares of the company’s stock worth $171,000 after buying an additional 56,300 shares in the last quarter. Finally, Bard Associates Inc. increased its stake in Modular Medical by 47.1% during the fourth quarter. Bard Associates Inc. now owns 2,152,464 shares of the company’s stock valued at $2,949,000 after acquiring an additional 689,534 shares during the period. 27.47% of the stock is owned by institutional investors.

Modular Medical Trading Up 1.0 %

Shares of MODD stock opened at $1.04 on Friday. Modular Medical, Inc. has a 12 month low of $0.68 and a 12 month high of $2.65. The company has a market capitalization of $42.29 million, a P/E ratio of -1.96 and a beta of 0.33. The stock has a 50 day moving average of $0.93 and a two-hundred day moving average of $1.37.

Modular Medical (NASDAQ:MODD) last issued its earnings results on Thursday, February 13th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01).

Insider Activity

In other Modular Medical news, CEO Manchester Management Co Llc bought 156,250 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were acquired at an average price of $1.92 per share, with a total value of $300,000.00. Following the completion of the purchase, the chief executive officer now directly owns 422,000 shares in the company, valued at $810,240. The trade was a 58.80 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 20.46% of the company’s stock.

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.