Nick Leschly Sells 7,374 Shares of bluebird bio Inc (BLUE) Stock
bluebird bio Inc (NASDAQ:BLUE) insider Nick Leschly sold 7,374 shares of the company’s stock in a transaction on Monday, January 7th. The stock was sold at an average price of $113.64, for a total value of $837,981.36. Following the sale, the insider now owns 20,682 shares of the company’s stock, valued at $2,350,302.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
NASDAQ BLUE opened at $116.89 on Friday. The firm has a market capitalization of $5.83 billion, a P/E ratio of -15.16 and a beta of 2.41. bluebird bio Inc has a twelve month low of $87.49 and a twelve month high of $236.17.
bluebird bio (NASDAQ:BLUE) last posted its quarterly earnings data on Thursday, November 1st. The biotechnology company reported ($2.73) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($2.90) by $0.17. The business had revenue of $11.50 million during the quarter, compared to the consensus estimate of $6.90 million. bluebird bio had a negative return on equity of 31.50% and a negative net margin of 1,326.02%. bluebird bio’s quarterly revenue was up 49.2% on a year-over-year basis. During the same period in the prior year, the business posted ($1.73) earnings per share. Equities analysts anticipate that bluebird bio Inc will post -10.76 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Stratos Wealth Partners LTD. acquired a new stake in bluebird bio in the third quarter valued at $106,000. Belpointe Asset Management LLC acquired a new stake in bluebird bio in the third quarter valued at $110,000. NuWave Investment Management LLC increased its holdings in bluebird bio by 10,811.1% in the third quarter. NuWave Investment Management LLC now owns 982 shares of the biotechnology company’s stock valued at $143,000 after purchasing an additional 973 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its holdings in bluebird bio by 635.0% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,154 shares of the biotechnology company’s stock valued at $167,000 after purchasing an additional 997 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new stake in bluebird bio in the second quarter valued at $201,000.
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About bluebird bio
bluebird bio, Inc, a clinical-stage biotechnology company, focuses on developing transformative gene therapies for severe genetic diseases and cancer. Its product candidates include Lenti-D that is in Phase II/III clinical trials for the treatment of cerebral adrenoleukodystrophy, a rare hereditary neurological disorder; and LentiGlobin, which is in various clinical studies for the treatment of transfusion- transfusion-dependent ß-thalassemia and severe sickle cell disease.
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