Twist Bioscience Co. (NASDAQ:TWST - Get Free Report) CEO Emily M. Leproust sold 546 shares of the business's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $45.59, for a total value of $24,892.14. Following the sale, the chief executive officer now owns 672,518 shares in the company, valued at approximately $30,660,095.62. The trade was a 0.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
NASDAQ TWST traded down $2.89 during trading hours on Tuesday, reaching $45.62. The company's stock had a trading volume of 814,483 shares, compared to its average volume of 657,996. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of -12.67 and a beta of 1.85. Twist Bioscience Co. has a 1-year low of $27.41 and a 1-year high of $60.90. The company's 50-day moving average is $46.16 and its two-hundred day moving average is $46.51.
A number of large investors have recently bought and sold shares of TWST. State Street Corp increased its stake in Twist Bioscience by 19.9% during the 3rd quarter. State Street Corp now owns 3,167,353 shares of the company's stock worth $143,101,000 after buying an additional 526,028 shares in the last quarter. Geode Capital Management LLC increased its stake in Twist Bioscience by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,367,759 shares of the company's stock worth $61,807,000 after buying an additional 26,145 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in Twist Bioscience during the 3rd quarter worth approximately $43,992,000. Wellington Management Group LLP increased its stake in Twist Bioscience by 188.5% during the 3rd quarter. Wellington Management Group LLP now owns 797,737 shares of the company's stock worth $36,042,000 after buying an additional 521,272 shares in the last quarter. Finally, Fred Alger Management LLC increased its stake in Twist Bioscience by 17.1% during the 3rd quarter. Fred Alger Management LLC now owns 767,149 shares of the company's stock worth $34,660,000 after buying an additional 112,272 shares in the last quarter.
Several brokerages have recently issued reports on TWST. Leerink Partners boosted their price objective on Twist Bioscience from $45.00 to $48.00 and gave the company a "market perform" rating in a report on Thursday, October 17th. Evercore ISI boosted their price objective on Twist Bioscience from $52.00 to $56.00 and gave the company an "outperform" rating in a report on Tuesday, October 1st. Scotiabank boosted their price objective on Twist Bioscience from $50.00 to $54.00 and gave the company a "sector outperform" rating in a report on Tuesday, November 19th. Wolfe Research began coverage on Twist Bioscience in a report on Friday, December 13th. They issued an "outperform" rating and a $60.00 price objective for the company. Finally, TD Cowen reissued a "buy" rating and issued a $58.00 price objective on shares of Twist Bioscience in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $51.90.
Check Out Our Latest Analysis on Twist Bioscience
Twist Bioscience Corporation engages in the manufacture and sale of synthetic DNA-based products. The company offers synthetic genes and gene fragments used in product development for therapeutics, diagnostics, chemicals/materials, food/agriculture, data storage, and various applications within academic research by biotech, pharma, industrial chemical, and agricultural companies, as well as academic labs; Oligo pools used in targeted NGS, CRISPR gene editing, mutagenesis experiments, DNA origami, DNA computing, data storage in DNA, and other applications; and immunoglobulin G proteins for customers focused on the pursuit of drug discovery and development.
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