TerraVia Holdings Inc. (NASDAQ:TVIA)’s share price dropped 2.8% during trading on Monday after an insider sold shares in the company. The stock traded as low as $2.40 and last traded at $2.45, with a volume of 192,593 shares traded. The stock had previously closed at $2.52.
Specifically, General Counsel Paul T. Quinlan sold 10,000 shares of TerraVia Holdings stock in a transaction that occurred 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 SEC, which is available through the SEC website. 9.90% of the stock is owned by corporate insiders.
The stock’s market cap is $208.79 million. The company has a 50 day moving average price of $2.68 and a 200-day moving average price of $2.42.
TerraVia Holdings (NASDAQ:TVIA) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.03. The company had revenue of $9.90 million for the quarter, compared to analyst estimates of $10.85 million. The firm’s revenue for the quarter was down 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 earnings per share. Analysts predict that TerraVia Holdings Inc. will post ($1.15) EPS for the current year.
A hedge fund recently bought a new stake in TerraVia Holdings stock. Compagnie Lombard Odier SCmA purchased a new position in TerraVia Holdings Inc. (NASDAQ:TVIA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 440,000 shares of the company’s stock, valued at approximately $1,113,000. Compagnie Lombard Odier SCmA owned 0.52% of TerraVia Holdings at the end of the most recent quarter. Hedge funds and other 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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