Insider Selling: Seer (NASDAQ:SEER) CFO Sells 6,797 Shares of Stock

Seer, Inc. (NASDAQ:SEER) CFO David Horn sold 6,797 shares of the firm’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $1.97, for a total transaction of $13,390.09. Following the sale, the chief financial officer owned 436,802 shares in the company, valued at $860,499.94. The trade was a 1.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Seer Stock Up 1.5%

SEER stock traded up $0.03 during trading on Friday, reaching $1.97. The company’s stock had a trading volume of 166,159 shares, compared to its average volume of 198,122. The company’s fifty day moving average is $2.17 and its 200-day moving average is $2.12. The company has a market capitalization of $109.91 million, a P/E ratio of -1.45 and a beta of 1.59. Seer, Inc. has a 1 year low of $1.62 and a 1 year high of $2.63.

Seer (NASDAQ:SEER) last released its earnings results on Thursday, November 6th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.01. The firm had revenue of $4.12 million during the quarter, compared to analysts’ expectations of $4.00 million. Seer had a negative return on equity of 25.88% and a negative net margin of 484.51%. Seer has set its FY 2025 guidance at EPS. Analysts anticipate that Seer, Inc. will post -1.42 earnings per share for the current year.

Institutional Investors Weigh In On Seer

A number of hedge funds have recently made changes to their positions in the company. Susquehanna International Group LLP grew its holdings in Seer by 22.8% during the 3rd quarter. Susquehanna International Group LLP now owns 123,447 shares of the company’s stock valued at $268,000 after buying an additional 22,918 shares in the last quarter. Shay Capital LLC raised its holdings in shares of Seer by 17.7% during the 3rd quarter. Shay Capital LLC now owns 73,571 shares of the company’s stock worth $160,000 after acquiring an additional 11,073 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of Seer by 57.0% during the 3rd quarter. Squarepoint Ops LLC now owns 91,906 shares of the company’s stock valued at $199,000 after acquiring an additional 33,349 shares during the last quarter. Palumbo Wealth Management LLC boosted its position in shares of Seer by 22.4% during the 3rd quarter. Palumbo Wealth Management LLC now owns 128,980 shares of the company’s stock valued at $280,000 after acquiring an additional 23,604 shares during the last quarter. Finally, GSA Capital Partners LLP grew its holdings in shares of Seer by 31.9% in the third quarter. GSA Capital Partners LLP now owns 246,667 shares of the company’s stock valued at $535,000 after purchasing an additional 59,586 shares in the last quarter. 75.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Seer in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About Seer

Seer, Inc, a life sciences company, engages in developing and commercializing products to decode the biology of the proteome. It develops Proteograph Product Suite, an integrated solution that includes proprietary engineered nanoparticles, consumables, automation instrumentation, and software to perform proteomic analysis to provide a solution that can be incorporated by nearly any lab for research use only.