Insider Selling: Jonathan S. Wolfson Sells 30,000 Shares of Solazyme Stock (SZYM)
Solazyme (NASDAQ:SZYM) CEO Jonathan S. Wolfson unloaded 30,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $10.47, for a total value of $314,100.00. Following the completion of the transaction, the chief executive officer now directly owns 230,000 shares in the company, valued at approximately $2,408,100. The transaction was disclosed in a filing with the SEC, which is available at this link.
Solazyme (NASDAQ:SZYM) traded down 1.05% during mid-day trading on Thursday, hitting $10.36. The stock had a trading volume of 397,072 shares. Solazyme has a 1-year low of $7.01 and a 1-year high of $13.09. The stock has a 50-day moving average of $9.89 and a 200-day moving average of $10.56. The company’s market cap is $706.1 million.
Solazyme (NASDAQ:SZYM) last released its earnings data on Tuesday, November 5th. The company reported ($0.34) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.38) by $0.04. The company had revenue of $10.60 million for the quarter, compared to the consensus estimate of $13.50 million. During the same quarter last year, the company posted ($0.32) earnings per share. Solazyme’s revenue was up 23.3% compared to the same quarter last year. Analysts expect that Solazyme will post $-1.66 EPS for the current fiscal year.
Separately, analysts at Credit Suisse downgraded shares of Solazyme from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, November 6th. They now have a $12.00 price target on the stock, down previously from $17.00. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. Solazyme currently has a consensus rating of “Buy” and a consensus price target of $13.90.
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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