Insider Buying: QT Imaging Holdings, Inc. (NASDAQ:QTI) Chairman Purchases $273,116.20 in Stock

QT Imaging Holdings, Inc. (NASDAQ:QTI) Chairman Avi S. Katz bought 470,890 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were acquired at an average price of $0.58 per share, with a total value of $273,116.20. Following the acquisition, the chairman now owns 657,960 shares of the company’s stock, valued at $381,616.80. This represents a 251.72 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

QT Imaging Price Performance

Shares of QT Imaging stock opened at $0.57 on Friday. The company’s fifty day simple moving average is $0.63 and its two-hundred day simple moving average is $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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Atlas Merchant Capital LLC bought a new stake in QT Imaging during the 2nd quarter valued at approximately $33,000. Virtu Financial LLC bought a new stake in shares of QT Imaging during the first quarter valued at approximately $55,000. Oxford Financial Group LTD. LLC bought a new stake in shares of QT Imaging during the first quarter valued at approximately $65,000. Finally, Lynrock Lake LP bought a new position in QT Imaging in the second quarter worth $191,000. Hedge funds and other institutional investors own 24.19% of the company’s stock.

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.