Insider Selling: Vikram Jog Sells 5,091 Shares of Fluidigm Stock (FLDM)
Fluidigm (NASDAQ:FLDM) CFO Vikram Jog unloaded 5,091 shares of Fluidigm stock on the open market in a transaction dated Monday, April 7th. The stock was sold at an average price of $37.51, for a total transaction of $190,963.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on FLDM shares. Analysts at Maxim Group raised their price target on shares of Fluidigm from $52.00 to $65.00 in a research note on Friday, March 21st. They now have a “buy” rating on the stock. Separately, analysts at Cowen and Company downgraded shares of Fluidigm from an “outperform” rating to a “market perform” rating in a research note on Friday, February 7th. They now have a $45.00 price target on the stock, up previously from $42.00. They noted that the move was a valuation call. Finally, analysts at Oppenheimer raised their price target on shares of Fluidigm from $46.00 to $52.00 in a research note on Monday, February 3rd. They now have an “outperform” rating on the stock. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $44.35.
Fluidigm (NASDAQ:FLDM) traded up 4.34% on Wednesday, hitting $36.54. 282,024 shares of the company’s stock traded hands. Fluidigm has a one year low of $15.72 and a one year high of $49.46. The stock has a 50-day moving average of $45.11 and a 200-day moving average of $36.11. The company’s market cap is $1.018 billion.
Fluidigm (NASDAQ:FLDM) last released its earnings data on Thursday, February 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.11. The company had revenue of $20.90 million for the quarter, compared to the consensus estimate of $20.73 million. During the same quarter in the previous year, the company posted ($0.08) earnings per share. The company’s revenue for the quarter was up 33.1% on a year-over-year basis. Analysts expect that Fluidigm will post $-0.97 EPS for the current fiscal year.
Fluidigm Corporation (NASDAQ:FLDM) develops, manufactures and markets microfluidic systems such as single-cell genomics, applied genotyping and sample preparation for targeted resequencing, in the life science and agricultural biotechnology, or Ag-Bio, industries.
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