Rapid Micro Biosystems (NASDAQ:RPID) COO John Addington Wilson Sells 5,403 Shares

Rapid Micro Biosystems, Inc. (NASDAQ:RPID) COO John Addington Wilson sold 5,403 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $3.92, for a total value of $21,179.76. Following the completion of the sale, the chief operating officer owned 326,365 shares in the company, valued at approximately $1,279,350.80. This represents a 1.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Rapid Micro Biosystems Stock Performance

RPID traded down $0.08 during trading on Friday, reaching $3.89. 131,328 shares of the company’s stock were exchanged, compared to its average volume of 315,880. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.23 and a quick ratio of 2.95. Rapid Micro Biosystems, Inc. has a 1 year low of $1.86 and a 1 year high of $4.94. The company’s fifty day simple moving average is $3.67 and its 200-day simple moving average is $3.41. The stock has a market capitalization of $172.40 million, a P/E ratio of -3.85 and a beta of 1.38.

Hedge Funds Weigh In On Rapid Micro Biosystems

Several institutional investors and hedge funds have recently modified their holdings of RPID. Evernest Financial Advisors LLC raised its holdings in Rapid Micro Biosystems by 355.1% in the 3rd quarter. Evernest Financial Advisors LLC now owns 200,234 shares of the company’s stock worth $669,000 after purchasing an additional 156,234 shares during the period. 683 Capital Management LLC purchased a new stake in shares of Rapid Micro Biosystems in the fourth quarter valued at approximately $350,000. Millennium Management LLC purchased a new stake in shares of Rapid Micro Biosystems in the fourth quarter valued at approximately $338,000. Informed Momentum Co LLC acquired a new position in shares of Rapid Micro Biosystems during the 4th quarter worth approximately $224,000. Finally, Jane Street Group LLC lifted its position in shares of Rapid Micro Biosystems by 176.1% during the 4th quarter. Jane Street Group LLC now owns 105,301 shares of the company’s stock valued at $305,000 after buying an additional 67,161 shares in the last quarter. Hedge funds and other institutional investors own 52.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on RPID shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rapid Micro Biosystems in a report on Thursday, January 22nd. Wall Street Zen raised Rapid Micro Biosystems from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $8.00.

About Rapid Micro Biosystems

Rapid Micro Biosystems (NASDAQ: RPID) develops and commercializes automated microbial detection and contamination control solutions for the life sciences industry. Its flagship offering, the Growth Direct® System, leverages digital imaging and proprietary growth indicator plates to identify and count microorganisms more rapidly than traditional culture-based methods. The company’s technology platform is designed to streamline quality control workflows in pharmaceutical, biotechnology and vaccine manufacturing settings, helping clients reduce release times and improve operational efficiency.

In addition to the Growth Direct® System, Rapid Micro Biosystems offers an integrated suite of software and consumables that support automated data capture, analysis and reporting.