Solazyme CEO Jonathan Wolfson Unloads 35,000 Shares (SZYM)
Solazyme (NASDAQ:SZYM) CEO Jonathan Wolfson sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $10.54, for a total transaction of $368,900.00. Following the transaction, the chief executive officer now directly owns 230,000 shares in the company, valued at approximately $2,424,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Robert W. Baird raised their price target on shares of Solazyme (NASDAQ:SZYM) from $12.00 to $16.00 in a research note to investors on Thursday, August 8th. They now have an “outperform” rating on the stock.
One research analyst has rated the stock with a sell rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $13.38.
Solazyme (NASDAQ:SZYM) traded up 1.90% on Tuesday, hitting $10.72. 1,062,361 shares of the company’s stock traded hands. Solazyme has a one year low of $6.45 and a one year high of $13.09. The stock’s 50-day moving average is $11.37 and its 200-day moving average is $10.44. The company’s market cap is $668.0 million.
Solazyme (NASDAQ:SZYM) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.12. The company had revenue of $11.20 million for the quarter, compared to the consensus estimate of $10.66 million. During the same quarter in the previous year, the company posted ($0.27) earnings per share. The company’s revenue for the quarter was down 17.0% on a year-over-year basis. Analysts expect that Solazyme will post $-1.59 EPS for the current fiscal year.
Solazyme, Inc operates as a renewable oil production company. The Company fuels include microbial-derived jet fuels, bio-diesels, and renewable diesels.
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