In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Invuity Inc. (NASDAQ:IVTY) reported that Sawyer Philip M. has picked up 788,444 of common stock as of 2017-02-14.
The acquisition brings the aggregate amount owned by Sawyer Philip M. to a total of 788,444 representing a 4.5% stake in the company.
For those not familiar with the company, Invuity is a medical technology company focused on pioneering the use of advanced photonics to provide surgeons with improved direct visualization of surgical cavities during open minimally invasive and minimal access procedures. The patented Intelligent Photonics technology enables superior illumination and visualization and is designed to overcome the significant limitations of traditional surgical lighting options in the operating room. Our patented Intelligent Photonics is integrated into our single-use and reusable advanced surgical devices to address some of the critical intracavity illumination and visualization challenges facing surgeons today. These devices utilize our proprietary optical waveguide technology to direct and shape thermally cool, brilliant light into broad, uniform and volumetric illumination of the surgical target.
A glance at Invuity Inc. (NASDAQ:IVTY)’s key stats reveals a current market capitalization of 116.82 million based on 16.93 million shares outstanding and a price at last close of $6.95 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-11-08, Mackaness picked up 1,700 at a purchase price of $5.75. This brings their total holding to 3,700 as of the date of the filing.
On the sell side, the most recent transaction saw Flynn unload 45,568 shares at a sale price of $6.01. This brings their total holding to 1,690,498.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Invuity Inc. (NASDAQ:IVTY) as things move forward to see if its progress aligns with these transactions.
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