Novanta Inc. (NASDAQ:NOVT) has made a 41.18% comeback from a 12-month low price of $55.68. It was seen -3.99% lower, changing the price to $78.61, when the closing bell rang on 5/29/2019. At a recent session, the prices were hovering between $79.92 and $82.19. This company shares are 4.31% off its target price of $82 and the current market capitalization stands at $2.73B. The recent change has given its price a -7.06% deficit over SMA 50 and -12.44% deficit over its 52-week high. The stock witnessed -8.81% declines, -6.87% declines and 19.27% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found NOVT’s volatility during a week at 3.37% and during a month it has been found around 3.75%.

Novanta Inc. (NOVT) Top Holders

Institutional investors currently hold around $2.52 billion or 89.4% in NOVT stock. Look at its top three institutional owners: Vanguard Group Inc owns $251.92 million in Novanta Inc., which represents roughly 9.23% of the company’s market cap and approximately 10% of the institutional ownership. Similar statistics are true for the second largest owner, Price T Rowe Associates Inc /Md/, which owns 2,834,467 shares of the stock are valued at $232.09 million. The third largest holder is Blackrock Inc., which currently holds $180.78 million worth of this stock and that ownership represents nearly 6.62% of its market capitalization.

Novanta Inc. 13F Filings

At the end of March reporting period, 93 institutional holders increased their position in Novanta Inc. (NASDAQ:NOVT) by some 2,402,088 shares, 93 decreased positions by 1,572,820 and 25 held positions by 26,789,185. That puts total institutional holdings at 30,764,093 shares, according to SEC filings. The stock grabbed 26 new institutional investments totaling 690,988 shares while 17 institutional investors sold out their entire positions totaling 125,292 shares.

Novanta Inc. (NASDAQ:NOVT) Insider Trades

Multiple company employees have indulged in significant insider trading. Novanta Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CAO-Corporate Controller CHANG PETER L has sold 5,000 shares of Novanta Inc. (NOVT) in the trading session dated Mar. 01, 2019. These shares are worth $405,700 and were traded at $81.14 each. The SEC filing shows that BERSHAD STEPHEN W performed a sale of 500,000 shares. The Director disposed these shares by way of transaction on Nov. 15, 2018. The company’s shares were given away at $68.15 per share worth to an income of some $34,075,000 to the account of BERSHAD STEPHEN W.

CEO, Glastra Matthijs, sold 20,000 common shares of Novanta Inc. (NOVT) in the open market. In a transaction dated Nov. 06, 2018, the shares were put up for sale at an average price of $74, raking in a sum of $1,480,000. After this sale, 71,107 common shares of NOVT are directly owned by the insider, with total stake valued at $5,589,721.

In the transaction dated Sep. 17, 2018, a great number of shares sold came courtesy the CFO; Buckley Robert disposed a total of 13,487 shares at an average price of $72.9, amounting to approximately $983,202. The insider now directly owns 157,027 shares worth $12,343,892.

Novanta Inc. (NOVT) Analyst Guide

Several analysts have released their opinion on Novanta Inc. (NASDAQ:NOVT), with 1 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation [T1].