SG Americas Securities LLC Purchases 57,703 Shares of Berkeley Lights, Inc. (NASDAQ:BLI)

SG Americas Securities LLC grew its stake in shares of Berkeley Lights, Inc. (NASDAQ:BLIGet Rating) by 184.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,991 shares of the company’s stock after buying an additional 57,703 shares during the period. SG Americas Securities LLC owned 0.13% of Berkeley Lights worth $633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Berkeley Lights during the fourth quarter worth $30,000. Allspring Global Investments Holdings LLC purchased a new position in Berkeley Lights during the fourth quarter worth $38,000. Point72 Hong Kong Ltd purchased a new position in Berkeley Lights during the fourth quarter worth $76,000. Welch & Forbes LLC purchased a new stake in shares of Berkeley Lights during the first quarter valued at $78,000. Finally, Strs Ohio boosted its stake in shares of Berkeley Lights by 1,247.4% during the first quarter. Strs Ohio now owns 25,600 shares of the company’s stock valued at $182,000 after purchasing an additional 23,700 shares during the period. Institutional investors own 71.49% of the company’s stock.

Berkeley Lights Stock Up 6.2 %

Shares of BLI opened at $5.14 on Thursday. The firm has a market capitalization of $348.63 million, a P/E ratio of -4.47 and a beta of 1.59. Berkeley Lights, Inc. has a 12-month low of $3.65 and a 12-month high of $47.39. The company has a current ratio of 7.52, a quick ratio of 6.95 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average price of $4.90 and a 200-day moving average price of $6.05.

Berkeley Lights (NASDAQ:BLIGet Rating) last issued its earnings results on Monday, May 9th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.01). The company had revenue of $20.20 million for the quarter, compared to analysts’ expectations of $20.22 million. Berkeley Lights had a negative net margin of 89.36% and a negative return on equity of 36.42%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.24) earnings per share. Equities research analysts expect that Berkeley Lights, Inc. will post -1.12 earnings per share for the current year.

Insider Activity

In related news, insider Eric Hobbs sold 98,011 shares of the company’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $4.18, for a total value of $409,685.98. Following the completion of the sale, the insider now directly owns 313,318 shares of the company’s stock, valued at $1,309,669.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 17.60% of the company’s stock.

About Berkeley Lights

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Berkeley Lights, Inc, a digital cell biology company, focuses on enabling and accelerating the rapid development and commercialization of biotherapeutics and other cell-based products. The company offers an integrated platform, which comprise of proprietary consumables, including OptoSelect chips and reagent kits, automation systems, and application and workflow software.

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Institutional Ownership by Quarter for Berkeley Lights (NASDAQ:BLI)

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