OptiNose, Inc. (NASDAQ:OPTN) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its stake in OptiNose, Inc. (NASDAQ:OPTN - Free Report) by 94.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,748 shares of the company's stock after selling 214,252 shares during the quarter. Renaissance Technologies LLC owned approximately 0.13% of OptiNose worth $85,000 as of its most recent SEC filing.Separately, Geode Capital Management LLC boosted its position in OptiNose by 33.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,298,333 shares of the company's stock worth $870,000 after purchasing an additional 326,918 shares in the last quarter. Institutional investors and hedge funds own 85.60% of the company's stock. Insider Buying and Selling at OptiNoseIn related news, CEO Ramy A. Mahmoud sold 6,376 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $5.29, for a total transaction of $33,729.04. Following the completion of the sale, the chief executive officer now directly owns 126,931 shares in the company, valued at approximately $671,464.99. The trade was a 4.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 8,213 shares of company stock valued at $43,643 over the last quarter. 2.30% of the stock is currently owned by insiders. OptiNose Price PerformanceShares of OPTN stock opened at $9.40 on Thursday. The stock has a 50 day simple moving average of $8.23 and a 200-day simple moving average of $7.57. OptiNose, Inc. has a 1-year low of $4.82 and a 1-year high of $20.03. The company has a market cap of $95.19 million, a price-to-earnings ratio of -2.24 and a beta of -0.88. OptiNose (NASDAQ:OPTN - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.70) by $0.67. The company had revenue of $21.47 million for the quarter, compared to analyst estimates of $21.02 million. Analysts anticipate that OptiNose, Inc. will post -3.22 earnings per share for the current fiscal year. Analyst Upgrades and DowngradesSeveral research firms have recently weighed in on OPTN. Piper Sandler reaffirmed a "neutral" rating and set a $9.00 target price (down from $15.00) on shares of OptiNose in a report on Friday, March 21st. HC Wainwright reiterated a "neutral" rating and issued a $9.00 price objective (down previously from $18.00) on shares of OptiNose in a research report on Friday, March 21st. Finally, Lake Street Capital cut OptiNose from a "buy" rating to a "hold" rating and dropped their target price for the company from $17.00 to $9.00 in a research report on Thursday, March 20th.Get Our Latest Analysis on OPTNOptiNose Company Profile (Free Report)OptiNose, Inc, a specialty pharmaceutical company, focuses on the development and commercialization of products for patients treated by ear, nose, throat, and allergy specialists in the United States. The company offers XHANCE, a therapeutic product utilizing its proprietary exhalation delivery system (EDS) that delivers a topically acting corticosteroid for the treatment of chronic rhinosinusitis with nasal polyps, as well as is in Phase IIIb clinical trial for treatment of chronic sinusitis; and Onzetra Xsail, a powder EDS device.Featured StoriesFive stocks we like better than OptiNoseHow to trade using analyst ratingsSurvey: America’s Most Inspirational Women Business Leaders [2025]Canadian Penny Stocks: Can They Make You Rich? Disney Stock Jumps on Earnings—Is the Magic Sustainable?Learn Technical Analysis Skills to Master the Stock MarketWhat Oil, Value, and Growth Correlations Say About the MarketWant to see what other hedge funds are holding OPTN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OptiNose, Inc. (NASDAQ:OPTN - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in OptiNose Right Now?Before you consider OptiNose, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OptiNose wasn't on the list.While OptiNose currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here