10x Genomics (NYSE:TXG) posted its quarterly earnings data on Sunday. The company reported ($0.65) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.30) by ($0.35), MarketWatch Earnings reports. The firm had revenue of $71.82 million during the quarter, compared to analysts’ expectations of $61.19 million. 10x Genomics’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period last year, the firm earned ($0.33) earnings per share.
Shares of TXG stock opened at $138.55 on Monday. The business has a 50-day simple moving average of $141.91 and a 200-day simple moving average of $105.77. 10x Genomics has a 52-week low of $48.78 and a 52-week high of $166.31.
In related news, CEO Serge Saxonov sold 10,000 shares of 10x Genomics stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $113.97, for a total value of $1,139,700.00. Following the completion of the transaction, the chief executive officer now owns 955,821 shares in the company, valued at approximately $108,934,919.37. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Benjamin J. Hindson sold 27,692 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $113.97, for a total value of $3,156,057.24. Following the sale, the insider now owns 95,192 shares of the company’s stock, valued at $10,849,032.24. The disclosure for this sale can be found here. In the last three months, insiders sold 102,930 shares of company stock valued at $13,122,365.
About 10x Genomics
10x Genomics, Inc, a life science technology company, develops and sells instruments, consumables, and software for analyzing biological systems in North America, Europe, the Middle East, Africa, China, and the Asia Pacific. Its company offers chromium instruments, enzymes, microfluidic chips, slides, reagents, and other consumable products.
Further Reading: Insider Trading
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