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.
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.
- Get a free copy of the StockNews.com research report on Berkeley Lights (BLI)
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