Ginkgo Bioworks Holdings, Inc. (NYSE:DNA – Get Free Report) insider Steven Coen sold 2,403 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $15.00, for a total value of $36,045.00. Following the transaction, the insider directly owned 49,448 shares in the company, valued at $741,720. This trade represents a 4.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Ginkgo Bioworks Trading Up 14.2%
NYSE DNA opened at $12.95 on Friday. Ginkgo Bioworks Holdings, Inc. has a 12 month low of $5.37 and a 12 month high of $18.22. The stock has a 50 day moving average of $8.56 and a 200-day moving average of $8.36. The company has a market cap of $872.05 million, a PE ratio of -2.58 and a beta of 1.79.
Ginkgo Bioworks (NYSE:DNA – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported ($0.75) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.90) by $0.15. Ginkgo Bioworks had a negative net margin of 259.96% and a negative return on equity of 60.27%. The business had revenue of $20.16 million for the quarter, compared to the consensus estimate of $24.05 million. As a group, sell-side analysts predict that Ginkgo Bioworks Holdings, Inc. will post -3.20 EPS for the current fiscal year.
Hedge Funds Weigh In On Ginkgo Bioworks
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on DNA. BTIG Research restated a “sell” rating and set a $5.00 price objective on shares of Ginkgo Bioworks in a report on Friday, September 4th. Wall Street Zen upgraded Ginkgo Bioworks from a “sell” rating to a “hold” rating in a research note on Saturday, September 26th. Zacks Research upgraded Ginkgo Bioworks to a “hold” rating in a research note on Monday, August 17th. TD Cowen lowered Ginkgo Bioworks from a “buy” rating to a “hold” rating and decreased their price objective for the company from $12.00 to $9.00 in a report on Friday, August 7th. Finally, Oppenheimer set a $5.00 target price on shares of Ginkgo Bioworks in a research report on Wednesday, September 9th. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Ginkgo Bioworks has a consensus rating of “Reduce” and an average price target of $6.33.
Check Out Our Latest Stock Analysis on Ginkgo Bioworks
About Ginkgo Bioworks
Ginkgo Bioworks, Inc is a biotechnology company that develops biological engineering technologies and services. Its platform is designed to help customers program cells and microorganisms to produce products or perform functions for applications in areas such as pharmaceuticals, agriculture, food, chemicals and materials.
The company combines biological research, laboratory automation, genetic engineering, data analysis and software through its cell-programming platform and foundry operations.
Recommended Stories
- Five stocks we like better than Ginkgo Bioworks
- Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
- Palantir’s Rally Puts Wall Street in Catch-Up Mode Ahead of November Earnings
- Tilray Finds a Path to Growth Without Waiting on U.S. Cannabis Reform
- Arista Networks Plugs Into All-Time Highs
Receive News & Ratings for Ginkgo Bioworks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ginkgo Bioworks and related companies with MarketBeat.com's FREE daily email newsletter.
