Robert Buckley Sells 3,000 Shares of Novanta Inc. (NASDAQ:NOVT) Stock

Robert Buckley is the Chief Financial Officer (CFO) of Novanta Inc., a medical device technology company listed on the NASDAQ Global Select Market under the symbol NOVT. On February 29th, 2020, Mr. Buckley sold 3,000 shares of NOVT stock at an average price of $170.40 per share, resulting in a total transaction value of $511,200.

After the sale, Mr. Buckley owns 120,419 shares of NOVT stock, which represents approximately 0.3% of the company's outstanding common stock as of February 29th, 2020. It is important to note that the sale of these shares does not necessarily reflect any change in Mr. Buckley's confidence in the company or its future prospects.

Novanta Inc. is a global medical device technology company that provides products and services to healthcare providers worldwide. The company operates through two segments: Medical Devices and Life Sciences. The Medical Devices segment includes products such as surgical instruments, imaging systems, and patient monitoring devices, while the Life Sciences segment includes products such as diagnostic tools and laboratory equipment.

As of December 31st, 2019, Novanta Inc.'s total revenue was $1.4 billion, with net income of $175 million. The company's stock has performed well in recent years, with a five-year compound annual growth rate (CAGR) of approximately 16%. However, it is important to note that the stock market can be volatile and unpredictable, and past performance may not necessarily indicate future results.