Insider Selling: Billiontoone (NASDAQ:BLLN) CEO Sells 8,333 Shares of Company Stock

Billiontoone, Inc. (NASDAQ:BLLN) CEO Oguzhan Atay sold 8,333 shares of the firm’s stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $118.00, for a total transaction of $983,294.00. Following the sale, the chief executive officer owned 8,333 shares in the company, valued at approximately $983,294. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Oguzhan Atay also recently made the following trade(s):

• On Wednesday, October 28th, Oguzhan Atay sold 2,667 shares of Billiontoone stock. The shares were sold at an average price of $118.00, for a total value of $314,706.00.
• On Thursday, October 15th, Oguzhan Atay sold 5,150 shares of Billiontoone stock. The stock was sold at an average price of $100.23, for a total value of $516,184.50.
• On Wednesday, October 14th, Oguzhan Atay sold 2,667 shares of Billiontoone stock. The stock was sold at an average price of $98.00, for a total value of $261,366.00.
• On Wednesday, October 14th, Oguzhan Atay sold 3,183 shares of Billiontoone stock. The stock was sold at an average price of $98.34, for a total value of $313,016.22.
• On Monday, October 12th, Oguzhan Atay sold 2,667 shares of Billiontoone stock. The shares were sold at an average price of $97.61, for a total transaction of $260,325.87.
• On Monday, October 12th, Oguzhan Atay sold 16,667 shares of Billiontoone stock. The shares were sold at an average price of $93.79, for a total transaction of $1,563,197.93.
• On Monday, September 28th, Oguzhan Atay sold 2,666 shares of Billiontoone stock. The shares were sold at an average price of $120.64, for a total transaction of $321,626.24.
• On Monday, September 28th, Oguzhan Atay sold 8,333 shares of Billiontoone stock. The stock was sold at an average price of $120.64, for a total value of $1,005,293.12.
• On Monday, September 14th, Oguzhan Atay sold 5,332 shares of Billiontoone stock. The shares were sold at an average price of $98.00, for a total value of $522,536.00.
• On Monday, September 14th, Oguzhan Atay sold 24,999 shares of Billiontoone stock. The shares were sold at an average price of $100.32, for a total value of $2,507,899.68.

Billiontoone Stock Down 1.3%

Shares of NASDAQ BLLN traded down $1.52 during mid-day trading on Friday, reaching $113.32. 468,077 shares of the company were exchanged, compared to its average volume of 547,126. The firm has a 50-day moving average of $103.45 and a 200 day moving average of $96.57. The stock has a market cap of $5.35 billion and a price-to-earnings ratio of 161.89. The company has a quick ratio of 11.31, a current ratio of 11.69 and a debt-to-equity ratio of 0.17. Billiontoone, Inc. has a 1 year low of $61.96 and a 1 year high of $150.44.

Billiontoone (NASDAQ:BLLN) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. The firm had revenue of $109.45 million during the quarter. Billiontoone had a return on equity of 9.96% and a net margin of 8.04%. On average, research analysts expect that Billiontoone, Inc. will post 0.80 earnings per share for the current year.

Institutional Trading of Billiontoone

A number of large investors have recently added to or reduced their stakes in the stock. Provenance Wealth Advisors LLC purchased a new position in Billiontoone in the 3rd quarter worth approximately $56,000. D.A. Davidson & CO. acquired a new stake in Billiontoone during the 3rd quarter worth $773,000. Forum Financial Management LP acquired a new position in Billiontoone during the third quarter worth about $274,000. Toth Financial Advisory Corp lifted its holdings in Billiontoone by 60.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 800 shares of the company’s stock worth $85,000 after buying an additional 300 shares in the last quarter. Finally, Family Legacy Financial Solutions LLC acquired a new stake in Billiontoone during the third quarter worth about $53,000.

Analysts Set New Price Targets

BLLN has been the topic of a number of research analyst reports. Zacks Research upgraded shares of Billiontoone from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. JPMorgan Chase & Co. decreased their price target on shares of Billiontoone from $145.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. Guggenheim raised their target price on shares of Billiontoone from $125.00 to $128.00 and gave the company a “buy” rating in a research note on Thursday, October 1st. Wall Street Zen lowered shares of Billiontoone from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Canaccord Genuity Group assumed coverage on Billiontoone in a research note on Wednesday, September 2nd. They issued a “buy” rating and a $120.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $126.25.

Billiontoone Company Profile

BillionToOne, Inc is a molecular diagnostics company that develops tests designed to provide more sensitive and quantitative genetic information from blood samples. The company’s technology is based on its proprietary Quantitative Counting Template (QCT) platform, which is designed to measure DNA molecules with high sensitivity and support the detection of clinically meaningful genetic signals.

The company’s products include prenatal diagnostic and screening solutions marketed under the UNITY brand.