Insider Selling: Seer, Inc. (NASDAQ:SEER) COO Sells 52,042 Shares of Stock

Seer, Inc. (NASDAQ:SEERGet Rating) COO Omead Ostadan sold 52,042 shares of the stock in a transaction on Wednesday, April 20th. The stock was sold at an average price of $10.18, for a total value of $529,787.56. Following the completion of the transaction, the chief operating officer now owns 384,080 shares in the company, valued at $3,909,934.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

NASDAQ SEER traded down $0.41 on Friday, reaching $8.74. The company had a trading volume of 310,691 shares, compared to its average volume of 384,148. The stock has a market capitalization of $539.33 million, a P/E ratio of -7.53 and a beta of 2.50. The company’s fifty day moving average is $13.43 and its 200 day moving average is $20.97. Seer, Inc. has a 52-week low of $8.60 and a 52-week high of $54.63.

Seer (NASDAQ:SEERGet Rating) last announced its earnings results on Monday, February 28th. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.02. The business had revenue of $3.10 million for the quarter, compared to analysts’ expectations of $2.23 million. During the same period in the prior year, the business earned ($0.54) earnings per share. The company’s revenue for the quarter was up 933.3% compared to the same quarter last year. Sell-side analysts predict that Seer, Inc. will post -1.6 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Dark Forest Capital Management LP increased its position in shares of Seer by 1,462.9% during the 3rd quarter. Dark Forest Capital Management LP now owns 3,032 shares of the company’s stock valued at $105,000 after purchasing an additional 2,838 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Seer by 87.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,905 shares of the company’s stock valued at $112,000 after purchasing an additional 2,292 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Seer during the 4th quarter valued at $112,000. Ensign Peak Advisors Inc purchased a new stake in shares of Seer during the 4th quarter valued at $185,000. Finally, Amalgamated Bank purchased a new stake in Seer in the 3rd quarter worth about $208,000. 91.80% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on SEER shares. Zacks Investment Research upgraded Seer from a “sell” rating to a “hold” rating in a report on Thursday, March 31st. Morgan Stanley lowered their price target on Seer from $23.00 to $21.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 1st.

About Seer (Get Rating)

Seer, Inc, a life sciences company, engages in developing and commercializing products to decode the secrets of the proteome. It develops Proteograph Product Suite, an integrated solution that comprises consumables, an automation instrumentation, and software that allows researchers to conduct proteomic studies in therapeutic and diagnostic research, and clinical trials.

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