AbCellera Biologics Inc. (NASDAQ:ABCL) COO Veronique Lecault sold 1,000,000 shares of the company’s stock in a transaction on Wednesday, June 9th. The stock was sold at an average price of $25.50, for a total value of $25,500,000.00. Following the transaction, the chief operating officer now directly owns 1,006,000 shares in the company, valued at $25,653,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of NASDAQ ABCL opened at $24.84 on Friday. The firm has a 50 day moving average price of $28.99. The stock has a market capitalization of $6.73 billion and a price-to-earnings ratio of 55.20. AbCellera Biologics Inc. has a 52 week low of $23.20 and a 52 week high of $71.91.
AbCellera Biologics (NASDAQ:ABCL) last announced its quarterly earnings data on Wednesday, May 12th. The company reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. The business had revenue of $202.74 million for the quarter, compared to analyst estimates of $199.43 million. On average, equities analysts anticipate that AbCellera Biologics Inc. will post 0.44 EPS for the current year.
Several research analysts recently weighed in on ABCL shares. Credit Suisse Group dropped their target price on AbCellera Biologics from $53.00 to $51.00 and set an “outperform” rating on the stock in a research note on Friday, May 14th. SVB Leerink dropped their price target on AbCellera Biologics from $52.00 to $45.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 30th. Stifel Nicolaus decreased their price objective on shares of AbCellera Biologics from $59.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, March 30th. Zacks Investment Research cut shares of AbCellera Biologics from a “hold” rating to a “sell” rating in a research note on Friday, April 2nd. Finally, BMO Capital Markets cut their price target on shares of AbCellera Biologics from $61.00 to $59.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 24th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. AbCellera Biologics presently has a consensus rating of “Buy” and an average target price of $52.60.
AbCellera Biologics Company Profile
AbCellera Biologics Inc develops antibody discovery platform. Its full-stack, AI-powered drug discovery platform searches and analyzes the database of natural immune systems to find antibodies that can be developed as drugs. As of December 31, 2020, the company had 103 discovery programs that are either completed, in progress, or under contract.
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