Fluidigm EVP Sells $95,940 in Stock (FLDM)
Fluidigm (NASDAQ:FLDM) EVP William Maxwell Smith sold 3,000 shares of the stock on the open market in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $31.98, for a total value of $95,940.00. Following the sale, the executive vice president now directly owns 290 shares in the company, valued at approximately $9,274. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
FLDM has been the subject of a number of recent research reports. 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 investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $44.76.
Fluidigm (NASDAQ:FLDM) traded down 8.43% on Thursday, hitting $27.17. 412,228 shares of the company’s stock traded hands. Fluidigm has a one year low of $16.83 and a one year high of $49.46. The stock has a 50-day moving average of $28.81 and a 200-day moving average of $37.26. The company’s market cap is $762.4 million.
Fluidigm (NASDAQ:FLDM) last posted its quarterly earnings results on Monday, May 5th. The company reported ($0.57) earnings per share for the quarter, missing the analysts’ 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. Fluidigm’s revenue was up 77.2% compared to the same quarter last year. Analysts expect that Fluidigm will post $-1.71 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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