TerraVia Holdings Inc. (TVIA) Stock Price Down 2.8% Following Insider Selling
TerraVia Holdings Inc. (NASDAQ:TVIA) 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 changing hands. The stock had previously closed at $2.52.
Specifically, General Counsel Paul T. Quinlan sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, October 14th. The shares were sold at an average price of $2.55, for a total value of $25,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 9.90% of the stock is currently owned by corporate insiders.
The stock’s market cap is $208.79 million. The firm’s 50 day moving average is $2.67 and its 200 day moving average is $2.43.
TerraVia Holdings (NASDAQ:TVIA) last posted its quarterly earnings results on Monday, August 8th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.03. The business earned $9.90 million during the quarter, compared to analysts’ expectations of $10.85 million. The firm’s quarterly revenue was down 15.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 EPS. Equities analysts forecast 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 stake in shares of TerraVia Holdings Inc. (NASDAQ:TVIA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the SEC. 34.61% of the stock is owned by hedge funds and other institutional investors.
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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