Insider Selling: CryoPort Inc (NASDAQ:CYRX) Director Sells 10,000 Shares of Stock

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CryoPort Inc (NASDAQ:CYRX) Director Richard J. Berman sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $14.00, for a total transaction of $140,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

CryoPort stock traded up $0.01 during midday trading on Friday, reaching $12.57. 148,021 shares of the stock were exchanged, compared to its average volume of 222,599. CryoPort Inc has a 52 week low of $6.02 and a 52 week high of $16.88.

CryoPort (NASDAQ:CYRX) last posted its earnings results on Thursday, August 9th. The consumer goods maker reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.02). The firm had revenue of $4.63 million for the quarter, compared to the consensus estimate of $4.36 million. CryoPort had a negative return on equity of 45.60% and a negative net margin of 62.80%. The firm’s revenue was up 58.6% on a year-over-year basis. research analysts expect that CryoPort Inc will post -0.34 EPS for the current year.

Several large investors have recently modified their holdings of the company. Creative Planning increased its holdings in shares of CryoPort by 0.8% in the 2nd quarter. Creative Planning now owns 603,540 shares of the consumer goods maker’s stock worth $9,524,000 after buying an additional 4,860 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of CryoPort by 3.7% in the 2nd quarter. D.A. Davidson & CO. now owns 163,260 shares of the consumer goods maker’s stock worth $2,576,000 after buying an additional 5,860 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of CryoPort by 14.5% in the 1st quarter. Wells Fargo & Company MN now owns 53,990 shares of the consumer goods maker’s stock worth $464,000 after buying an additional 6,855 shares during the last quarter. Strs Ohio bought a new position in shares of CryoPort in the 2nd quarter worth $115,000. Finally, Metropolitan Life Insurance Co. NY bought a new position in shares of CryoPort in the 2nd quarter worth $136,000. 48.50% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently commented on CYRX. BidaskClub upgraded shares of CryoPort from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Cowen upped their target price on shares of CryoPort from $11.00 to $16.00 and gave the stock an “outperform” rating in a report on Monday, August 13th. Needham & Company LLC upped their target price on shares of CryoPort from $11.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, July 2nd. Finally, Roth Capital upped their target price on shares of CryoPort from $12.50 to $22.00 and gave the stock a “buy” rating in a report on Friday, June 29th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $17.25.

About CryoPort

Cryoport, Inc provides cryogenic logistics solutions to the life sciences industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Cryoportal, a cloud-based logistics management platform that supports the management of shipments, which includes order entry, document preparation, customs documentation, courier management, real-time shipment tracking, issue resolution, and regulatory compliance requirements; and CryoPort Express Shippers, a dry vapor cryogenic shipper that use liquid nitrogen contained inside a vacuum insulated vessel, which serves as a refrigerant to provide stable storage temperatures.

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