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Growth Fund Sells $20 Million in Novanta Stock as Headwinds Weigh on Returns
Novanta Novanta (US:NOVT) The Motley Fool·2025-10-27 01:31

Conestoga Capital Advisors disclosed the sale of 168,907 shares of Novanta (NOVT +8.27%) for an estimated 20.1milliontradeinthethirdquarter.WhatHappenedAccordingtoafilingwiththeU.S.SecuritiesandExchangeCommissionreleasedonFriday,Pennsylvania−basedConestogaCapitalAdvisorssold168,907sharesofNovantainthethirdquarter.Theestimatedvalueofthetransactions,basedontheaveragepriceduringthequarter,wasapproximately20.1 million trade in the third quarter.What HappenedAccording to a filing with the U.S. Securities and Exchange Commission released on Friday, Pennsylvania-based Conestoga Capital Advisors sold 168,907 shares of Novanta in the third quarter. The estimated value of the transactions, based on the average price during the quarter, was approximately 20.1 million. After the trade, Conestoga reported holdi ...