Insider Selling: Fluidigm EVP Sells 3,000 Shares of Stock (FLDM)
Fluidigm (NASDAQ:FLDM) EVP William Maxwell Smith unloaded 3,000 shares of the company’s stock on the open market in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $35.32, for a total transaction of $105,960.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on FLDM. Analysts at Leerink Swann upgraded shares of Fluidigm from a “market perform” rating to an “outperform” rating in a research note on Monday. They now have a $52.00 price target on the stock, up previously from $45.00. Separately, 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. Finally, 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. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Fluidigm currently has a consensus rating of “Buy” and a consensus target price of $45.44.
Shares of Fluidigm (NASDAQ:FLDM) traded up 2.06% during mid-day trading on Friday, hitting $37.10. The stock had a trading volume of 254,891 shares. Fluidigm has a 1-year low of $15.72 and a 1-year high of $49.46. The stock’s 50-day moving average is $43.41 and its 200-day moving average is $36.55. The company’s market cap is $1.034 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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