Insider Buying: QT Imaging Holdings, Inc. (NASDAQ:QTI) Chairman Purchases 470,890 Shares of Stock

QT Imaging Holdings, Inc. (NASDAQ:QTI) Chairman Avi S. Katz purchased 470,890 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was bought at an average cost of $0.58 per share, for a total transaction of $273,116.20. Following the completion of the transaction, the chairman now owns 657,960 shares in the company, valued at approximately $381,616.80. This represents a 251.72 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

QT Imaging Trading Up 16.4 %

Shares of NASDAQ:QTI opened at $0.57 on Friday. The stock has a fifty day simple moving average of $0.63 and a two-hundred day simple moving average of $0.67. QT Imaging Holdings, Inc. has a 12-month low of $0.41 and a 12-month high of $14.40.

Hedge Funds Weigh In On QT Imaging

Institutional investors and hedge funds have recently modified their holdings of the stock. Lynrock Lake LP bought a new position in QT Imaging in the 2nd quarter worth about $191,000. Oxford Financial Group LTD. LLC bought a new position in shares of QT Imaging in the first quarter worth approximately $65,000. Virtu Financial LLC purchased a new stake in shares of QT Imaging during the first quarter valued at approximately $55,000. Finally, Atlas Merchant Capital LLC bought a new stake in shares of QT Imaging during the second quarter valued at approximately $33,000. 24.19% of the stock is currently owned by institutional investors.

About QT Imaging

QT Imaging Holdings, Inc engages in the research, development, and commercialization of body imaging systems for detection, diagnosis, monitoring, and treatment of diseases. The company offers QT Ultrasound Breast Scanner, an ultrasonic imaging system that provides reflection-mode and transmission-mode images of a patient’s breast.