John Addington Wilson Sells 5,403 Shares of Rapid Micro Biosystems (NASDAQ:RPID) Stock

Rapid Micro Biosystems, Inc. (NASDAQ:RPID) COO John Addington Wilson sold 5,403 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $3.92, for a total value of $21,179.76. Following the sale, the chief operating officer owned 326,365 shares of the company’s stock, valued at $1,279,350.80. This represents a 1.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Rapid Micro Biosystems Price Performance

Shares of Rapid Micro Biosystems stock opened at $3.89 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.23 and a quick ratio of 2.95. Rapid Micro Biosystems, Inc. has a one year low of $1.86 and a one year high of $4.94. The business’s 50 day simple moving average is $3.67 and its two-hundred day simple moving average is $3.41. The stock has a market capitalization of $172.40 million, a P/E ratio of -3.85 and a beta of 1.38.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Rapid Micro Biosystems in a research report on Thursday, January 22nd. Wall Street Zen raised shares of Rapid Micro Biosystems from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $8.00.

Institutional Trading of Rapid Micro Biosystems

Several large investors have recently added to or reduced their stakes in the stock. Hudson Bay Capital Management LP purchased a new position in shares of Rapid Micro Biosystems during the third quarter valued at about $38,000. Fifth Lane Capital LP bought a new stake in Rapid Micro Biosystems during the 4th quarter valued at approximately $51,000. American Century Companies Inc. grew its holdings in shares of Rapid Micro Biosystems by 46.1% during the 2nd quarter. American Century Companies Inc. now owns 16,922 shares of the company’s stock worth $58,000 after acquiring an additional 5,341 shares during the period. OMERS ADMINISTRATION Corp bought a new position in shares of Rapid Micro Biosystems in the 4th quarter worth approximately $71,000. Finally, Nano Cap New Millennium Growth Fund L P bought a new position in shares of Rapid Micro Biosystems in the 4th quarter worth approximately $72,000. Institutional investors own 52.60% of the company’s stock.

Rapid Micro Biosystems Company Profile

Rapid Micro Biosystems (NASDAQ: RPID) develops and commercializes automated microbial detection and contamination control solutions for the life sciences industry. Its flagship offering, the Growth Direct® System, leverages digital imaging and proprietary growth indicator plates to identify and count microorganisms more rapidly than traditional culture-based methods. The company’s technology platform is designed to streamline quality control workflows in pharmaceutical, biotechnology and vaccine manufacturing settings, helping clients reduce release times and improve operational efficiency.

In addition to the Growth Direct® System, Rapid Micro Biosystems offers an integrated suite of software and consumables that support automated data capture, analysis and reporting.