Veracyte Inc (NASDAQ:VCYT) Chairman Bonnie H. Anderson sold 25,500 shares of the business’s stock in a transaction that occurred on Thursday, January 10th. The stock was sold at an average price of $15.29, for a total value of $389,895.00. Following the transaction, the chairman now owns 94,041 shares in the company, valued at approximately $1,437,886.89. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of VCYT traded up $0.11 on Friday, reaching $16.06. The stock had a trading volume of 374,848 shares, compared to its average volume of 443,825. The stock has a market cap of $616.19 million, a P/E ratio of -17.65 and a beta of 0.53. The company has a debt-to-equity ratio of 0.32, a current ratio of 9.14 and a quick ratio of 8.81. Veracyte Inc has a twelve month low of $5.23 and a twelve month high of $16.62.
Veracyte (NASDAQ:VCYT) last released its quarterly earnings results on Monday, October 29th. The biotechnology company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.13. The business had revenue of $23.47 million for the quarter, compared to analysts’ expectations of $21.52 million. Veracyte had a negative return on equity of 65.73% and a negative net margin of 33.00%. Research analysts expect that Veracyte Inc will post -0.69 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in shares of Veracyte by 15.4% in the 2nd quarter. BlackRock Inc. now owns 2,088,336 shares of the biotechnology company’s stock worth $19,505,000 after acquiring an additional 278,240 shares during the period. Quantum Capital Management grew its holdings in shares of Veracyte by 33.1% in the 3rd quarter. Quantum Capital Management now owns 254,292 shares of the biotechnology company’s stock worth $2,428,000 after acquiring an additional 63,246 shares during the period. Highland Capital Management LP grew its holdings in shares of Veracyte by 61.6% in the 2nd quarter. Highland Capital Management LP now owns 40,400 shares of the biotechnology company’s stock worth $377,000 after acquiring an additional 15,400 shares during the period. Engineers Gate Manager LP grew its holdings in shares of Veracyte by 38.4% in the 3rd quarter. Engineers Gate Manager LP now owns 34,214 shares of the biotechnology company’s stock worth $327,000 after acquiring an additional 9,495 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in shares of Veracyte in the 3rd quarter worth approximately $2,197,000. Institutional investors and hedge funds own 86.73% of the company’s stock.
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Veracyte, Inc operates as a genomic diagnostics company in the United States. The company uses genomic technology to resolve diagnostic uncertainty. It offers Afirma Thyroid FNA Analysis solution; cytopathology testing services; and the Afirma Malignancy Classifiers to manage thyroid nodule patients.
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