Billiontoone (NASDAQ:BLLN) CTO Sells 20,000 Shares of Company Stock

Billiontoone, Inc. (NASDAQ:BLLN) CTO David Tsao sold 20,000 shares of the business’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $108.15, for a total value of $2,163,000.00. Following the transaction, the chief technology officer directly owned 1,000 shares of the company’s stock, valued at $108,150. This represents a 95.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

David Tsao also recently made the following trade(s):

• On Thursday, September 24th, David Tsao sold 3,333 shares of Billiontoone stock. The shares were sold at an average price of $125.00, for a total value of $416,625.00.
• On Wednesday, September 9th, David Tsao sold 20,000 shares of Billiontoone stock. The stock was sold at an average price of $98.77, for a total value of $1,975,400.00.
• On Tuesday, August 25th, David Tsao sold 10,000 shares of Billiontoone stock. The stock was sold at an average price of $100.00, for a total value of $1,000,000.00.
• On Monday, August 10th, David Tsao sold 10,000 shares of Billiontoone stock. The stock was sold at an average price of $92.86, for a total value of $928,600.00.

Billiontoone Stock Performance

Shares of Billiontoone stock traded down $4.19 during midday trading on Wednesday, hitting $95.75. The company had a trading volume of 679,799 shares, compared to its average volume of 656,006. The business’s 50 day simple moving average is $105.26 and its two-hundred day simple moving average is $100.66. The stock has a market cap of $4.52 billion and a PE ratio of 142.77. The company has a debt-to-equity ratio of 0.17, a current ratio of 11.69 and a quick ratio of 11.31. Billiontoone, Inc. has a 1-year low of $61.96 and a 1-year high of $150.44.

Billiontoone (NASDAQ:BLLN) last announced its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. The business had revenue of $109.45 million for the quarter. Billiontoone had a net margin of 8.04% and a return on equity of 9.96%. As a group, equities analysts predict that Billiontoone, Inc. will post 0.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BLLN shares. Canaccord Genuity Group initiated coverage on shares of Billiontoone in a research report on Wednesday, September 2nd. They set a “buy” rating and a $120.00 price objective for the company. Wall Street Zen downgraded Billiontoone from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Billiontoone in a research note on Friday, September 18th. BTIG Research cut their price target on Billiontoone from $142.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, Guggenheim raised their price objective on Billiontoone from $125.00 to $128.00 and gave the stock a “buy” rating in a research report on Thursday, October 1st. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Billiontoone in the 2nd quarter valued at $29,000. MCF Advisors LLC increased its position in shares of Billiontoone by 330.8% during the 2nd quarter. MCF Advisors LLC now owns 448 shares of the company’s stock worth $54,000 after purchasing an additional 344 shares in the last quarter. Family Legacy Financial Solutions LLC bought a new position in Billiontoone during the 3rd quarter valued at about $53,000. Thrive Wealth Management LLC bought a new position in Billiontoone during the 2nd quarter valued at about $240,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Billiontoone in the fourth quarter valued at about $230,000.

About Billiontoone

BillionToOne, Inc (NASDAQ:BLLN) is a molecular diagnostics company that develops blood-based genetic tests designed to provide more information from small amounts of cell-free DNA. The company’s platform uses proprietary molecular counting technology to improve the sensitivity and accuracy of diagnostic testing.

BillionToOne’s primary business is reproductive health testing. Its UNITY portfolio is designed to support prenatal screening, including testing for chromosomal conditions and single-gene disorders, and is intended to provide physicians and expectant parents with information from a maternal blood sample.