Insider Selling: Jonathan S. Wolfson Unloads 35,000 Shares of Solazyme Stock (SZYM)
Solazyme (NASDAQ:SZYM) CEO Jonathan S. Wolfson sold 35,000 shares of Solazyme stock on the open market in a transaction dated Monday, June 23rd. The shares were sold at an average price of $11.79, for a total transaction of $412,650.00. Following the sale, the chief executive officer now directly owns 282,500 shares in the company, valued at approximately $3,330,675. The transaction was disclosed in a filing with the SEC, which is available at this link.
Solazyme (NASDAQ:SZYM) traded down 0.42% on Monday, hitting $11.77. The stock had a trading volume of 901,526 shares. Solazyme has a one year low of $8.00 and a one year high of $15.00. The stock has a 50-day moving average of $10.21 and a 200-day moving average of $10.9. The company’s market cap is $894.2 million.
Solazyme (NASDAQ:SZYM) last announced its earnings results on Monday, May 5th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by $0.11. The company had revenue of $12.40 million for the quarter, compared to the consensus estimate of $14.63 million. During the same quarter in the prior year, the company posted ($0.43) earnings per share. The company’s quarterly revenue was up 85.1% on a year-over-year basis. Analysts expect that Solazyme will post $-1.56 EPS for the current fiscal year.
A number of analysts have recently weighed in on SZYM shares. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Solazyme in a research note on Friday, May 30th. They now have a $15.00 price target on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Solazyme from $12.00 to $11.00 in a research note on Wednesday, April 2nd. Finally, analysts at Cowen and Company raised their price target on shares of Solazyme from $17.00 to $18.00 in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $15.00.
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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