TerraVia Holdings Inc. (TVIA) Shares Down 2.8% Following Insider Selling
TerraVia Holdings Inc. (NASDAQ:TVIA)’s share price traded down 2.8% on Monday following insider selling activity. The stock traded as low as $2.40 and last traded at $2.45, with a volume of 192,593 shares. The stock had previously closed at $2.52.
Specifically, General Counsel Paul T. Quinlan sold 10,000 shares of the stock in a transaction on Friday, October 14th. The stock was sold at an average price of $2.55, for a total value of $25,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 9.90% of the stock is owned by corporate insiders.
The company’s 50-day moving average is $2.68 and its 200-day moving average is $2.42. The stock’s market capitalization is $208.79 million.
TerraVia Holdings (NASDAQ:TVIA) last released its quarterly earnings results on Monday, August 8th. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.03. The firm had revenue of $9.90 million for the quarter, compared to analyst estimates of $10.85 million. The company’s quarterly revenue was down 15.4% on a year-over-year basis. During the same period last year, the firm earned $0.40 EPS. On average, analysts predict that TerraVia Holdings Inc. will post ($1.15) earnings per share for the current year.
An institutional investor recently bought a new position in TerraVia Holdings stock. Compagnie Lombard Odier SCmA purchased a new position in shares of TerraVia Holdings Inc. (NASDAQ:TVIA) during the second quarter, according to its most recent disclosure with the SEC. The fund purchased 440,000 shares of the company’s stock, valued at approximately $1,113,000. Compagnie Lombard Odier SCmA owned about 0.52% of TerraVia Holdings as of its most recent filing with the SEC. Institutional investors own 34.61% of the company’s stock.
About TerraVia Holdings
Solazyme, Inc creates renewable oils and bioproducts. The Company’s technology uses microalgae in an industrial fermentation process to transform a range of plant-based sugars into triglyceride oils and other bioproducts. The Company offers Algenist, a skin and personal care product available at Sephora SA and its affiliates, QVC, Inc, SpaceNK Limited, select Nordstrom stores and ULTA Beauty.
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