Insider Selling: Billiontoone (NASDAQ:BLLN) Insider Sells $339,339.04 in Stock
by Jessica Moore · The Cerbat GemBilliontoone, Inc. (NASDAQ:BLLN – Get Free Report) insider Nancy Joann Johnson sold 3,418 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $99.28, for a total value of $339,339.04. Following the sale, the insider owned 32,482 shares of the company’s stock, valued at approximately $3,224,812.96. This represents a 9.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Nancy Joann Johnson also recently made the following trade(s):
- On Tuesday, June 9th, Nancy Joann Johnson sold 10,582 shares of Billiontoone stock. The stock was sold at an average price of $100.47, for a total value of $1,063,173.54.
Billiontoone Stock Up 1.5%
Billiontoone stock opened at $101.12 on Friday. The business has a fifty day moving average of $88.03 and a two-hundred day moving average of $88.20. The company has a quick ratio of 10.58, a current ratio of 10.92 and a debt-to-equity ratio of 0.18. The firm has a market cap of $4.65 billion and a P/E ratio of 183.85. Billiontoone, Inc. has a twelve month low of $61.96 and a twelve month high of $138.70.
Billiontoone (NASDAQ:BLLN – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.01 by $0.33. The business had revenue of $108.39 million for the quarter, compared to analysts’ expectations of $95.81 million. During the same quarter in the prior year, the company posted ($0.39) EPS. The business’s revenue for the quarter was up 83.8% on a year-over-year basis. On average, analysts forecast that Billiontoone, Inc. will post 0.93 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts have recently commented on BLLN shares. Weiss Ratings lowered Billiontoone from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, June 5th. JPMorgan Chase & Co. increased their price objective on Billiontoone from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Guggenheim increased their price objective on Billiontoone from $100.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. BTIG Research decreased their price objective on Billiontoone from $140.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded Billiontoone from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Billiontoone has a consensus rating of “Moderate Buy” and a consensus target price of $125.29.
Check Out Our Latest Research Report on Billiontoone
Hedge Funds Weigh In On Billiontoone
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Perceptive Advisors LLC raised its stake in Billiontoone by 26.1% in the 1st quarter. Perceptive Advisors LLC now owns 91,812 shares of the company’s stock worth $7,248,000 after acquiring an additional 19,000 shares during the last quarter. Bank of America Corp DE raised its stake in Billiontoone by 8,603.4% in the 1st quarter. Bank of America Corp DE now owns 12,707 shares of the company’s stock worth $1,003,000 after acquiring an additional 12,561 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Billiontoone by 151.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 30,506 shares of the company’s stock worth $2,408,000 after acquiring an additional 18,389 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Billiontoone in the 1st quarter worth $4,046,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Billiontoone in the 1st quarter worth $1,539,000.
Billiontoone Company Profile
BillionToOne (NASDAQ: BLLN) is a molecular diagnostics company that develops and commercializes high-precision genetic testing solutions based on single-molecule counting technology. The company’s platform is designed to detect and quantify rare genetic variants and chromosomal abnormalities from cell-free DNA, with a primary focus on applications in prenatal screening and other clinical genetic tests where sensitivity and specificity at very low allele fractions are critical.
BillionToOne’s offerings center on assay development and clinical testing workflows that enable non-invasive prenatal testing (NIPT) and targeted molecular diagnostics.