Outset Medical, Inc. (NASDAQ:OM) Shares Sold by State Street Corp

State Street Corp trimmed its holdings in shares of Outset Medical, Inc. (NASDAQ:OM) by 7.4% in the third quarter, HoldingsChannel reports. The firm owned 194,673 shares of the company’s stock after selling 15,500 shares during the period. State Street Corp’s holdings in Outset Medical were worth $132,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of OM. Huntington National Bank boosted its stake in shares of Outset Medical by 46.2% during the 3rd quarter. Huntington National Bank now owns 63,306 shares of the company’s stock worth $43,000 after purchasing an additional 20,000 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Outset Medical during the second quarter valued at approximately $49,000. Ground Swell Capital LLC acquired a new stake in Outset Medical during the second quarter worth approximately $49,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Outset Medical in the 2nd quarter worth approximately $259,000. Finally, Squarepoint Ops LLC grew its stake in Outset Medical by 74.1% in the 2nd quarter. Squarepoint Ops LLC now owns 80,300 shares of the company’s stock worth $309,000 after acquiring an additional 34,187 shares during the period.

Outset Medical Trading Up 19.7 %

Shares of Outset Medical stock opened at $1.40 on Friday. Outset Medical, Inc. has a fifty-two week low of $0.44 and a fifty-two week high of $5.70. The business’s fifty day moving average is $0.95 and its two-hundred day moving average is $1.56. The company has a quick ratio of 5.04, a current ratio of 6.49 and a debt-to-equity ratio of 4.12. The firm has a market cap of $73.56 million, a PE ratio of -0.51 and a beta of 2.16.

About Outset Medical

Outset Medical, Inc, a medical technology company, engages in the development of a hemodialysis system for hemodialysis in the United States. The company offers Tablo Hemodialysis System, a compact console with integrated water purification, on-demand dialysate production, and software and connectivity capabilities for dialysis care in acute and home settings; and manufactures, supports, and distributes for Tablo console, Tablo cartridge, and other consumables.