Rapid Micro Biosystems, Inc. (NASDAQ:RPID) CEO Robert G. Jr. Spignesi Sells 11,617 Shares

Rapid Micro Biosystems, Inc. (NASDAQ:RPID - Get Free Report) CEO Robert G. Jr. Spignesi sold 11,617 shares of the stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $3.40, for a total transaction of $39,497.80. Following the transaction, the chief executive officer owned 944,015 shares in the company, valued at approximately $3,209,651. The trade was a 1.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Rapid Micro Biosystems Stock Performance

RPID stock traded down $0.10 during trading on Thursday, reaching $3.37. The company had a trading volume of 68,661 shares, compared to its average volume of 196,931. The firm has a 50-day simple moving average of $3.29 and a 200-day simple moving average of $2.55. The company has a market cap of $147.71 million, a price-to-earnings ratio of -3.27 and a beta of 1.32. Rapid Micro Biosystems, Inc. has a twelve month low of $0.63 and a twelve month high of $4.04.

Rapid Micro Biosystems (NASDAQ:RPID - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.27) by $0.01. Rapid Micro Biosystems had a negative net margin of 151.22% and a negative return on equity of 56.07%. The company had revenue of $7.21 million during the quarter, compared to analyst estimates of $6.63 million. Sell-side analysts expect that Rapid Micro Biosystems, Inc. will post -1.1 earnings per share for the current year.

Hedge Funds Weigh In On Rapid Micro Biosystems

Several institutional investors have recently made changes to their positions in the company. Parkman Healthcare Partners LLC purchased a new position in shares of Rapid Micro Biosystems during the 1st quarter valued at approximately $1,942,000. ABG WTT Global Life Science Capital Partners GP Ltd raised its position in Rapid Micro Biosystems by 78.0% during the first quarter. ABG WTT Global Life Science Capital Partners GP Ltd now owns 1,848,296 shares of the company's stock worth $4,880,000 after acquiring an additional 810,000 shares during the period. OMERS ADMINISTRATION Corp acquired a new stake in shares of Rapid Micro Biosystems in the first quarter valued at about $289,000. American Century Companies Inc. acquired a new stake in shares of Rapid Micro Biosystems in the first quarter valued at about $31,000. Finally, Informed Momentum Co LLC acquired a new stake in shares of Rapid Micro Biosystems in the first quarter valued at about $467,000. 52.60% of the stock is owned by hedge funds and other institutional investors.

Rapid Micro Biosystems Company Profile

Rapid Micro Biosystems, Inc, a life sciences technology company, provides products for the detection of microbial contamination in the manufacture of pharmaceutical, medical devices, and personal care products in the United States, Germany, Switzerland, Japan, and internationally. The company offers Growth Direct platform, which includes Growth Direct system, proprietary consumables, lab information management system connection software, and customer support and validation services.

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