Key Points
- Movano CFO Jeremy Cogan sold 28,736 shares at an average price of $20.78 for a total of $597,134.08, trimming his stake by 32.20% to 60,504 shares (about $1.26M remaining).
- The stock is volatile and trading down roughly 11% amid large insider selling (the CEO also sold 33,069 shares), a small market cap (~$15.2M), severely negative earnings, and an average analyst rating of Sell.
Movano Inc. (NASDAQ:MOVE - Get Free Report) CFO Jeremy Cogan sold 28,736 shares of the company's stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $20.78, for a total transaction of $597,134.08. Following the sale, the chief financial officer directly owned 60,504 shares in the company, valued at approximately $1,257,273.12. This trade represents a 32.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Jeremy Cogan also recently made the following trade(s):
- On Tuesday, January 6th, Jeremy Cogan sold 8,218 shares of Movano stock. The stock was sold at an average price of $7.79, for a total transaction of $64,018.22.
- On Monday, January 5th, Jeremy Cogan sold 1,879 shares of Movano stock. The shares were sold at an average price of $8.35, for a total transaction of $15,689.65.
Movano Trading Down 11.0%
Shares of MOVE stock opened at $18.26 on Thursday. The firm's 50 day moving average is $9.25 and its 200 day moving average is $7.90. The stock has a market capitalization of $15.16 million, a P/E ratio of -1.69 and a beta of 0.79. Movano Inc. has a 12 month low of $4.67 and a 12 month high of $55.00.
Movano (NASDAQ:MOVE - Get Free Report) last issued its earnings results on Friday, November 14th. The technology company reported ($4.73) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($7.00) by $2.27. The business had revenue of $0.08 million for the quarter, compared to analysts' expectations of $3.88 million. Movano had a negative net margin of 3,409.60% and a negative return on equity of 647.91%.
Hedge Funds Weigh In On Movano
An institutional investor recently bought a new position in Movano stock. Citadel Advisors LLC bought a new position in Movano Inc. (NASDAQ:MOVE - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 49,262 shares of the technology company's stock, valued at approximately $28,000. Citadel Advisors LLC owned about 5.94% of Movano as of its most recent SEC filing. Hedge funds and other institutional investors own 16.64% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have commented on MOVE. Wall Street Zen downgraded Movano from a "hold" rating to a "sell" rating in a research note on Saturday, January 17th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Movano in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of "Sell".
Check Out Our Latest Research Report on Movano
Movano News Roundup
Here are the key news stories impacting Movano this week:
- Positive Sentiment: Short interest fell sharply in January (down ~41% from Dec. 31 to Jan. 15), reducing the pool of bearish bets and lowering the chance of a short‑squeeze reversal. This reduces one source of downside pressure and may limit rapid rebounds from short covering.
- Positive Sentiment: Technical: Shares recently cleared the 200‑day moving average, a bullish technical milestone that can attract momentum traders and retail buyers. Movano (NASDAQ:MOVE) Shares Pass Above 200-Day Moving Average
- Neutral Sentiment: Multiple LULD (limit up/limit down) pauses and trading halts were recorded intraday, reflecting high volatility and wide price swings but not a clear directional catalyst on their own.
- Neutral Sentiment: Liquidity note: Today’s volume is below the stock’s longer‑term average, so price moves may be amplified by relatively light trading.
- Negative Sentiment: Insider selling — CEO John Mastrototaro sold 33,069 shares at about $20.80 ( ~37% drop in his holdings). The SEC filing is here: CEO Insider Sale Filing
- Negative Sentiment: Insider selling — CFO Jeremy Cogan sold 28,736 shares at about $20.78 ( ~32% drop in his holdings). The SEC filing is here: CFO Insider Sale Filing
About Movano
(
Get Free Report)
Movano Health, Inc (NASDAQ: MOVE) is a health technology company focused on developing wearable devices for continuous biometric monitoring. The company's core mission is to provide accessible, real-time health insights through noninvasive sensors, enabling individuals and care teams to track vital signs and physiological trends outside of traditional clinical settings.
Movano's flagship product is a biometric monitoring ring designed to measure parameters such as heart rate, blood oxygen saturation, skin temperature, and sleep quality.
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