Insider Selling: William Maxwell Smith Sells 3,000 Shares of Fluidigm Stock (FLDM)
Fluidigm (NASDAQ:FLDM) EVP William Maxwell Smith unloaded 3,000 shares of Fluidigm stock on the open market in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $27.64, for a total transaction of $82,920.00. Following the completion of the transaction, the executive vice president now directly owns 290 shares of the company’s stock, valued at approximately $8,016. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on FLDM. Analysts at Piper Jaffray reiterated an “overweight” rating on shares of Fluidigm in a research note on Tuesday, May 6th. They now have a $50.00 price target on the stock, down previously from $51.00. Separately, analysts at Maxim Group cut their price target on shares of Fluidigm from $65.00 to $52.00 in a research note on Tuesday, May 6th. They now have a “buy” rating on the stock. Finally, analysts at Leerink Swann cut their price target on shares of Fluidigm from $52.00 to $48.00 in a research note on Tuesday, May 6th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $44.76.
Shares of Fluidigm (NASDAQ:FLDM) remained flat at $28.80 during trading on Wednesday. The stock had a trading volume of 153,228 shares. Fluidigm has a 52-week low of $15.87 and a 52-week high of $49.46. The stock’s 50-day moving average is $29. and its 200-day moving average is $37.92. The company’s market cap is $808.1 million.
Fluidigm (NASDAQ:FLDM) last announced its earnings results on Monday, May 5th. The company reported ($0.57) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.31) by $0.26. The company had revenue of $25.70 million for the quarter, compared to the consensus estimate of $22.91 million. The company’s quarterly revenue was up 77.2% on a year-over-year basis. On average, analysts predict that Fluidigm will post $-1.71 earnings per share 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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