Berkeley Lights, Inc. (NASDAQ:BLI) Insider Keith Breinlinger Sells 8,250 Shares

Berkeley Lights, Inc. (NASDAQ:BLI) insider Keith Breinlinger sold 8,250 shares of the firm’s stock in a transaction dated Tuesday, June 8th. The stock was sold at an average price of $44.46, for a total transaction of $366,795.00. Following the transaction, the insider now directly owns 29,756 shares of the company’s stock, valued at $1,322,951.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Keith Breinlinger also recently made the following trade(s):

  • On Thursday, May 27th, Keith Breinlinger sold 7,650 shares of Berkeley Lights stock. The shares were sold at an average price of $45.11, for a total transaction of $345,091.50.
  • On Tuesday, May 25th, Keith Breinlinger sold 4,000 shares of Berkeley Lights stock. The stock was sold at an average price of $42.40, for a total transaction of $169,600.00.
  • On Tuesday, May 11th, Keith Breinlinger sold 4,000 shares of Berkeley Lights stock. The stock was sold at an average price of $41.91, for a total transaction of $167,640.00.
  • On Tuesday, April 27th, Keith Breinlinger sold 7,000 shares of Berkeley Lights stock. The stock was sold at an average price of $52.25, for a total transaction of $365,750.00.
  • On Tuesday, April 13th, Keith Breinlinger sold 8,250 shares of Berkeley Lights stock. The stock was sold at an average price of $48.28, for a total transaction of $398,310.00.
  • On Tuesday, March 16th, Keith Breinlinger sold 8,250 shares of Berkeley Lights stock. The stock was sold at an average price of $54.43, for a total transaction of $449,047.50.

NASDAQ:BLI opened at $47.29 on Friday. Berkeley Lights, Inc. has a one year low of $35.51 and a one year high of $113.53. The firm has a market capitalization of $3.16 billion and a P/E ratio of -9.77. The company has a fifty day moving average of $45.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.43 and a current ratio of 6.71.

Berkeley Lights (NASDAQ:BLI) last released its quarterly earnings results on Monday, May 10th. The company reported ($0.24) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.01). Berkeley Lights had a negative net margin of 70.27% and a negative return on equity of 33.57%. The business had revenue of $18.60 million during the quarter, compared to analyst estimates of $16.76 million. The business’s revenue was up 34.8% compared to the same quarter last year. On average, equities research analysts expect that Berkeley Lights, Inc. will post -0.89 earnings per share for the current year.

A number of research analysts recently issued reports on BLI shares. Morgan Stanley decreased their price objective on shares of Berkeley Lights from $80.00 to $73.00 and set an “equal weight” rating for the company in a report on Wednesday, May 12th. Zacks Investment Research lowered shares of Berkeley Lights from a “hold” rating to a “sell” rating in a research note on Wednesday, April 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Berkeley Lights has a consensus rating of “Buy” and an average target price of $90.80.

Several hedge funds have recently added to or reduced their stakes in BLI. Parnassus Investments CA bought a new stake in Berkeley Lights during the first quarter worth about $16,310,000. Wells Fargo & Company MN lifted its position in Berkeley Lights by 19.8% during the fourth quarter. Wells Fargo & Company MN now owns 627,385 shares of the company’s stock worth $56,095,000 after purchasing an additional 103,643 shares during the period. D L Carlson Investment Group Inc. lifted its position in Berkeley Lights by 10.0% during the first quarter. D L Carlson Investment Group Inc. now owns 58,545 shares of the company’s stock worth $2,941,000 after purchasing an additional 5,342 shares during the period. Pura Vida Investments LLC bought a new position in shares of Berkeley Lights in the fourth quarter worth about $2,378,000. Finally, LPL Financial LLC bought a new position in shares of Berkeley Lights in the fourth quarter worth about $315,000. Institutional investors and hedge funds own 55.91% of the company’s stock.

About Berkeley Lights

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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Insider Buying and Selling by Quarter for Berkeley Lights (NASDAQ:BLI)

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