Greef Roderick De Sells 4,509 Shares of BioLife Solutions, Inc. (NASDAQ:BLFS) Stock

BioLife Solutions, Inc. (NASDAQ:BLFS) CFO Greef Roderick De sold 4,509 shares of the business’s stock in a transaction dated Friday, February 19th. The stock was sold at an average price of $40.76, for a total transaction of $183,786.84. Following the completion of the sale, the chief financial officer now owns 161,033 shares in the company, valued at $6,563,705.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Greef Roderick De also recently made the following trade(s):

  • On Wednesday, February 17th, Greef Roderick De sold 4,424 shares of BioLife Solutions stock. The shares were sold at an average price of $41.55, for a total transaction of $183,817.20.

NASDAQ BLFS opened at $40.92 on Monday. The business’s 50-day moving average price is $40.98 and its 200 day moving average price is $32.59. BioLife Solutions, Inc. has a twelve month low of $7.37 and a twelve month high of $47.22. The company has a market capitalization of $1.34 billion, a PE ratio of -56.05, a price-to-earnings-growth ratio of 50.41 and a beta of 1.55.

BLFS has been the subject of a number of research reports. Zacks Investment Research upgraded shares of BioLife Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, January 6th. KeyCorp began coverage on BioLife Solutions in a research report on Monday, November 9th. They set an “overweight” rating and a $40.00 price objective for the company. Finally, Northland Securities increased their target price on BioLife Solutions from $35.00 to $55.00 in a report on Monday, December 28th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. BioLife Solutions currently has an average rating of “Buy” and an average price target of $32.30.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Strs Ohio acquired a new stake in shares of BioLife Solutions in the fourth quarter worth approximately $31,000. BNP Paribas Arbitrage SA raised its stake in BioLife Solutions by 1,358.5% during the third quarter. BNP Paribas Arbitrage SA now owns 2,990 shares of the medical equipment provider’s stock worth $87,000 after purchasing an additional 2,785 shares during the period. Parallel Advisors LLC acquired a new position in shares of BioLife Solutions in the 4th quarter valued at $113,000. Citigroup Inc. grew its stake in shares of BioLife Solutions by 265.7% during the 4th quarter. Citigroup Inc. now owns 3,156 shares of the medical equipment provider’s stock valued at $126,000 after buying an additional 2,293 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of BioLife Solutions during the 4th quarter valued at $194,000. 67.66% of the stock is owned by institutional investors.

About BioLife Solutions

BioLife Solutions, Inc develops, manufactures, and supplies bioproduction tools for the cell and gene therapy industry in North America, Europe, the Middle East, Africa, and internationally. The company's products are used in the basic and applied research, and commercial manufacturing of biologic-based therapies.

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