Berkeley Lights, Inc. (NASDAQ:BLI) Insider Eric Hobbs Sells 7,531 Shares

Berkeley Lights, Inc. (NASDAQ:BLI – Get Rating) insider Eric Hobbs sold 7,531 shares of the company’s stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $4.97, for a total transaction of $37,429.07. Following the transaction, the insider now owns 182,725 shares of the company’s stock, valued at approximately $908,143.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Eric Hobbs also recently made the following trade(s):

• On Wednesday, May 11th, Eric Hobbs sold 98,011 shares of Berkeley Lights stock. The stock was sold at an average price of $4.18, for a total transaction of $409,685.98.

BLI stock opened at $5.21 on Friday. The company has a current ratio of 7.52, a quick ratio of 6.60 and a debt-to-equity ratio of 0.10. Berkeley Lights, Inc. has a 12 month low of $3.65 and a 12 month high of $51.28. The firm has a 50-day moving average of $6.02 and a two-hundred day moving average of $12.03.

Berkeley Lights (NASDAQ:BLI – Get Rating) last released its quarterly earnings data on Monday, May 9th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.01). The business had revenue of $20.20 million during the quarter, compared to analyst estimates of $20.22 million. Berkeley Lights had a negative net margin of 89.36% and a negative return on equity of 36.42%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.24) EPS. Sell-side analysts forecast that Berkeley Lights, Inc. will post -1.14 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Summit Place Financial Advisors LLC boosted its position in shares of Berkeley Lights by 9.4% during the 4th quarter. Summit Place Financial Advisors LLC now owns 15,775 shares of the company’s stock worth $287,000 after purchasing an additional 1,350 shares during the period. Primecap Management Co. CA boosted its position in shares of Berkeley Lights by 6.0% during the 4th quarter. Primecap Management Co. CA now owns 26,145 shares of the company’s stock worth $475,000 after purchasing an additional 1,487 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Berkeley Lights during the 4th quarter worth approximately $30,000. Brandywine Managers LLC boosted its position in Berkeley Lights by 9.4% in the 3rd quarter. Brandywine Managers LLC now owns 23,092 shares of the company’s stock valued at $452,000 after buying an additional 1,988 shares during the period. Finally, Twinbeech Capital LP boosted its position in Berkeley Lights by 22.6% in the 3rd quarter. Twinbeech Capital LP now owns 10,989 shares of the company’s stock valued at $215,000 after buying an additional 2,026 shares during the period. 71.49% of the stock is owned by institutional investors and hedge funds.

Several research firms recently weighed in on BLI. Morgan Stanley reduced their price target on shares of Berkeley Lights from $20.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, February 25th. Zacks Investment Research downgraded shares of Berkeley Lights from a “hold” rating to a “sell” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Berkeley Lights has a consensus rating of “Hold” and an average target price of $23.25.

Berkeley Lights Company Profile (Get Rating)

Berkeley Lights, Inc, a digital cell biology company, focuses on enabling and accelerating the rapid development and commercialization of biotherapeutics and other cell-based products. The company offers an integrated platform, which comprise of proprietary consumables, including OptoSelect chips and reagent kits, automation systems, and application and workflow software.

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