A Director at Invitae (NVTA) is Selling Shares

Yesterday, a Director at Invitae (NVTA), Geoffrey Crouse, sold shares of NVTA for $128.4K.

Following Geoffrey Crouse’s last NVTA Sell transaction on November 21, 2016, the stock climbed by 18.2%. In addition to Geoffrey Crouse, 6 other NVTA executives reported Sell trades in the last month.

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Based on Invitae’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $53.48 million and GAAP net loss of $48.68 million. In comparison, last year the company earned revenue of $37.31 million and had a GAAP net loss of $31.67 million. The company has a one-year high of $28.75 and a one-year low of $9.04.

The insider sentiment on Invitae has been negative according to 40 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Invitae Corp. engages in the provision of genetic information into mainstream medical practice. It includes comprehensive panels for hereditary conditions in cancer, cardiology, neurology, pediatric, and rare diseases. The company was founded by Randal W. Scott and Sean E. George on January 13, 2010 and is headquartered in San Francisco, CA.

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