Biolife Solutions Inc (NASDAQ:BLFS), a company specializing in electromedical and electrotherapeutic apparatus, has reported a recent transaction by Troy Wichterman, the firm's Chief Financial Officer. In a sale executed on March 21, Wichterman disposed of 520 shares of common stock at a price of $17.83 each, totaling over $9,271.
The transaction was carried out in accordance with a pre-arranged trading plan under Rule 10b5-1(c), which was adopted by Wichterman on June 19, 2020. This plan is commonly used by company insiders to sell a predetermined number of shares at a scheduled time. The sale was conducted to satisfy tax withholding obligations that arose from the vesting of restricted stock.
Following the sale, Wichterman's holdings in Biolife Solutions have been adjusted to 127,614 shares of common stock. The company's stock, traded under the ticker symbol BLFS, is closely watched by investors who track insider trading activities as indicators of the company's financial health and executive confidence.
Biolife Solutions, headquartered in Bothell, Washington, continues to focus on its core business operations within the industrial applications and services sector. Investors and stakeholders in the company are kept up-to-date with such filings, which provide transparency into the actions of key executives and their perspectives on the company's stock value.
InvestingPro Insights
Biolife Solutions Inc's (NASDAQ:BLFS) financial health and stock performance continue to be areas of interest for investors, especially following insider trading activities. Recent data from InvestingPro shows that the company has a market capitalization of $851.64 million, indicating its size within the electromedical and electrotherapeutic apparatus industry. Despite a challenging period, as reflected by a Revenue Growth (Quarterly) for Q4 2023 at -26.04%, the company has experienced a strong return over the last three months, with a 16.16% price total return. This could suggest a potential rebound or investor optimism about the company's future prospects.
Moreover, the company's stock price movements have been notably volatile, as evidenced by a significant price uptick over the last six months, with a 40.0% price total return. This level of volatility is something that investors should keep in mind, as it may affect investment risk and return. Additionally, the company's P/E Ratio (Adjusted) for the last twelve months as of Q4 2023 stands at -14.11, highlighting the fact that analysts do not anticipate the company will be profitable this year.
For those interested in a deeper dive into Biolife Solutions' financials and stock performance, InvestingPro offers additional insights. There are currently 10 more InvestingPro Tips available, which could provide valuable information for making informed investment decisions. To explore these tips, visit InvestingPro's Biolife Solutions page. Remember to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking further valuable financial data and analytics.
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