Berkeley Lights, Inc. (NASDAQ:BLI) Insider Keith Breinlinger Sells 8,250 Shares

Berkeley Lights, Inc. (NASDAQ:BLI) insider Keith Breinlinger sold 8,250 shares of the company’s stock in a transaction that occurred on Tuesday, June 8th. The shares were sold at an average price of $44.46, for a total value of $366,795.00. Following the transaction, the insider now owns 29,756 shares of the company’s stock, valued at approximately $1,322,951.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Keith Breinlinger also recently made the following trade(s):

  • On Thursday, May 27th, Keith Breinlinger sold 7,650 shares of Berkeley Lights stock. The shares were sold at an average price of $45.11, for a total value of $345,091.50.
  • On Tuesday, May 25th, Keith Breinlinger sold 4,000 shares of Berkeley Lights stock. The stock was sold at an average price of $42.40, for a total value of $169,600.00.
  • On Tuesday, May 11th, Keith Breinlinger sold 4,000 shares of Berkeley Lights stock. The stock was sold at an average price of $41.91, for a total value of $167,640.00.
  • On Tuesday, April 27th, Keith Breinlinger sold 7,000 shares of Berkeley Lights stock. The stock was sold at an average price of $52.25, for a total value of $365,750.00.
  • On Tuesday, April 13th, Keith Breinlinger sold 8,250 shares of Berkeley Lights stock. The shares were sold at an average price of $48.28, for a total value of $398,310.00.
  • On Tuesday, March 16th, Keith Breinlinger sold 8,250 shares of Berkeley Lights stock. The stock was sold at an average price of $54.43, for a total value of $449,047.50.

Shares of BLI stock opened at $47.29 on Friday. Berkeley Lights, Inc. has a 1-year low of $35.51 and a 1-year high of $113.53. The stock’s fifty day simple moving average is $45.82. The company has a current ratio of 6.71, a quick ratio of 6.43 and a debt-to-equity ratio of 0.01. The stock has a market cap of $3.16 billion and a P/E ratio of -9.77.

Berkeley Lights (NASDAQ:BLI) last announced its earnings results on Monday, May 10th. The company reported ($0.24) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.01). Berkeley Lights had a negative return on equity of 33.57% and a negative net margin of 70.27%. The business had revenue of $18.60 million for the quarter, compared to analysts’ expectations of $16.76 million. The business’s revenue for the quarter was up 34.8% on a year-over-year basis. Sell-side analysts predict that Berkeley Lights, Inc. will post -0.89 EPS for the current year.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research lowered Berkeley Lights from a “hold” rating to a “sell” rating in a research note on Wednesday, April 28th. Morgan Stanley decreased their target price on Berkeley Lights from $80.00 to $73.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. Berkeley Lights has an average rating of “Buy” and an average target price of $90.80.

A number of hedge funds have recently made changes to their positions in the stock. ARK Investment Management LLC grew its stake in Berkeley Lights by 249.3% during the 1st quarter. ARK Investment Management LLC now owns 5,115,992 shares of the company’s stock worth $256,976,000 after buying an additional 3,651,475 shares during the last quarter. Fred Alger Management LLC grew its stake in Berkeley Lights by 271.3% during the 1st quarter. Fred Alger Management LLC now owns 2,857,897 shares of the company’s stock valued at $143,552,000 after purchasing an additional 2,088,128 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Berkeley Lights by 102.4% during the 1st quarter. JPMorgan Chase & Co. now owns 1,337,801 shares of the company’s stock valued at $67,198,000 after purchasing an additional 676,901 shares during the last quarter. Baillie Gifford & Co. grew its stake in Berkeley Lights by 44.0% during the 1st quarter. Baillie Gifford & Co. now owns 1,119,343 shares of the company’s stock valued at $56,224,000 after purchasing an additional 342,283 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in Berkeley Lights by 231.4% during the 1st quarter. Alliancebernstein L.P. now owns 1,104,259 shares of the company’s stock valued at $55,467,000 after purchasing an additional 771,040 shares during the last quarter. Hedge funds and other institutional investors own 55.91% of the company’s stock.

Berkeley Lights Company Profile

Berkeley Lights, Inc, a digital cell biology company, focuses on enabling and accelerating the rapid development and commercialization of biotherapeutics and other cell-based products. The company offers an integrated platform, which comprise of proprietary consumables, including OptoSelect chips and reagent kits, automation systems, and application and workflow software.

Further Reading: Diversification Important in Investing

Insider Buying and Selling by Quarter for Berkeley Lights (NASDAQ:BLI)

Receive News & Ratings for Berkeley Lights Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berkeley Lights and related companies with MarketBeat.com's FREE daily email newsletter.