Dipchand Nishar Sells 30,253 Shares of Seer, Inc. (NASDAQ:SEER) Stock

Seer, Inc. (NASDAQ:SEER - Get Free Report) Director Dipchand Nishar sold 30,253 shares of the business's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $2.08, for a total transaction of $62,926.24. Following the completion of the sale, the director now directly owns 49,204 shares in the company, valued at $102,344.32. This trade represents a 38.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Seer Stock Performance

Shares of NASDAQ:SEER traded up $0.02 during midday trading on Thursday, reaching $1.98. 160,059 shares of the company's stock were exchanged, compared to its average volume of 328,830. The company's 50 day simple moving average is $2.04 and its two-hundred day simple moving average is $2.14. Seer, Inc. has a 12 month low of $1.56 and a 12 month high of $2.63. The firm has a market capitalization of $116.56 million, a PE ratio of -1.40 and a beta of 1.54.

Seer (NASDAQ:SEER - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported ($0.34) EPS for the quarter, topping analysts' consensus estimates of ($0.37) by $0.03. The firm had revenue of $4.21 million during the quarter, compared to analysts' expectations of $3.25 million. Seer had a negative net margin of 560.90% and a negative return on equity of 24.69%. On average, research analysts anticipate that Seer, Inc. will post -1.42 earnings per share for the current year.

Hedge Funds Weigh In On Seer

Several hedge funds and other institutional investors have recently modified their holdings of SEER. Jacobs Levy Equity Management Inc. grew its position in Seer by 124.5% in the first quarter. Jacobs Levy Equity Management Inc. now owns 363,355 shares of the company's stock valued at $614,000 after acquiring an additional 201,491 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Seer by 27.0% in the 4th quarter. Renaissance Technologies LLC now owns 843,700 shares of the company's stock worth $1,949,000 after purchasing an additional 179,568 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of Seer by 24.2% in the 4th quarter. Two Sigma Advisers LP now owns 681,900 shares of the company's stock worth $1,575,000 after purchasing an additional 132,800 shares during the last quarter. Bridgeway Capital Management LLC increased its position in shares of Seer by 17.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 727,743 shares of the company's stock worth $1,681,000 after purchasing an additional 109,000 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its holdings in Seer by 16.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 719,901 shares of the company's stock valued at $1,663,000 after purchasing an additional 103,630 shares during the last quarter. Institutional investors own 75.20% of the company's stock.

About Seer

Seer, Inc, a life sciences company, engages in developing and commercializing products to decode the biology of the proteome. It develops Proteograph Product Suite, an integrated solution that includes proprietary engineered nanoparticles, consumables, automation instrumentation, and software to perform proteomic analysis to provide a solution that can be incorporated by nearly any lab for research use only.