Rep. Gilbert Ray Cisneros, Jr. Buys Novanta Inc. (NASDAQ:NOVT) Shares

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Novanta Inc. (NASDAQ:NOVT). In a filing disclosed on June 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Novanta stock on May 18th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of SoftBank Group (OTCMKTS:SFTBF) on 6/2/2026.
• Purchased $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 5/29/2026.
• Sold $1,001 – $15,000 in shares of AutoZone (NYSE:AZO) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Independent Bank (NASDAQ:INDB) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Arcutis Biotherapeutics (NASDAQ:ARQT) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of HealthEquity (NASDAQ:HQY) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Boston Scientific (NYSE:BSX) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Perella Weinberg Partners (NASDAQ:PWP) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Cooper Companies (NASDAQ:COO) on 5/29/2026.
• Purchased $1,001 – $15,000 in shares of Ligand Pharmaceuticals (NASDAQ:LGND) on 5/29/2026.

Novanta Trading Down 3.8%

Shares of Novanta stock traded down $6.07 during mid-day trading on Wednesday, hitting $154.58. 603,912 shares of the stock were exchanged, compared to its average volume of 446,092. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 112.02 and a beta of 1.68. Novanta Inc. has a twelve month low of $98.27 and a twelve month high of $171.85. The company has a current ratio of 3.56, a quick ratio of 2.69 and a debt-to-equity ratio of 0.15. The company has a 50-day simple moving average of $141.38 and a 200 day simple moving average of $132.09.

Novanta (NASDAQ:NOVT) last announced its quarterly earnings data on Monday, May 11th. The technology company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.03. Novanta had a net margin of 5.35% and a return on equity of 12.06%. The business had revenue of $257.71 million for the quarter, compared to the consensus estimate of $253.40 million. During the same quarter in the prior year, the firm posted $0.74 earnings per share. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. Novanta has set its FY 2026 guidance at 3.500-3.650 EPS and its Q2 2026 guidance at 0.810-0.860 EPS. Research analysts forecast that Novanta Inc. will post 3.59 EPS for the current year.

Analyst Upgrades and Downgrades

NOVT has been the topic of several analyst reports. Robert W. Baird set a $180.00 price objective on Novanta in a report on Tuesday. Weiss Ratings reissued a “hold (c-)” rating on shares of Novanta in a research note on Friday, April 17th. Finally, Wall Street Zen downgraded shares of Novanta from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Novanta currently has a consensus rating of “Hold” and a consensus price target of $180.00.

Insider Buying and Selling at Novanta

In related news, CFO Robert Buckley sold 9,957 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $116.77, for a total value of $1,162,678.89. Following the completion of the sale, the chief financial officer directly owned 96,616 shares in the company, valued at approximately $11,281,850.32. This represents a 9.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthijs Glastra sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $150.43, for a total value of $1,128,225.00. Following the completion of the transaction, the chief executive officer directly owned 42,761 shares in the company, valued at $6,432,537.23. This trade represents a 14.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 23,957 shares of company stock worth $3,136,229 in the last 90 days. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Novanta

A number of large investors have recently modified their holdings of the company. Allworth Financial LP increased its position in Novanta by 978.4% during the 4th quarter. Allworth Financial LP now owns 399 shares of the technology company’s stock worth $47,000 after purchasing an additional 362 shares in the last quarter. Danske Bank A S acquired a new position in Novanta during the third quarter valued at approximately $40,000. EverSource Wealth Advisors LLC grew its stake in Novanta by 120.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 427 shares of the technology company’s stock worth $51,000 after buying an additional 233 shares during the period. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Novanta in the fourth quarter worth $53,000. Finally, Farther Finance Advisors LLC increased its position in shares of Novanta by 1,291.4% in the fourth quarter. Farther Finance Advisors LLC now owns 487 shares of the technology company’s stock worth $58,000 after acquiring an additional 452 shares in the last quarter. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Novanta Company Profile

Novanta, Inc (NASDAQ: NOVT) is a global technology company that designs and manufactures precision components, subsystems and software used in advanced photonics and motion control applications. The company serves customers in the medical device and advanced industrial markets, supplying critical technologies for diagnostics and therapeutic systems, semiconductor and electronics manufacturing, and scientific instrumentation. Novanta’s product portfolio includes laser control modules, optics, beam delivery systems, high-precision motors, actuators, stages, and fluidics solutions designed to meet stringent accuracy and reliability requirements.

Novanta’s Photonics segment delivers laser and energy delivery components that enable minimally invasive surgical procedures and diagnostic imaging.