Cryoport, Inc. (NASDAQ:CYRX) CFO Robert Stefanovich Sells 1,079 Shares

Cryoport, Inc. (NASDAQ:CYRX) CFO Robert Stefanovich sold 1,079 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $17.54, for a total transaction of $18,925.66. Following the sale, the chief financial officer now directly owns 128,333 shares of the company’s stock, valued at $2,250,960.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Robert Stefanovich also recently made the following trade(s):

• On Friday, March 15th, Robert Stefanovich sold 1,035 shares of Cryoport stock. The stock was sold at an average price of $15.43, for a total transaction of $15,970.05.
• On Monday, March 11th, Robert Stefanovich sold 1,119 shares of Cryoport stock. The stock was sold at an average price of $16.35, for a total transaction of $18,295.65.

Cryoport Stock Performance

Shares of CYRX opened at $18.12 on Thursday. Cryoport, Inc. has a 12 month low of $9.00 and a 12 month high of $24.30. The firm has a fifty day simple moving average of $15.95 and a 200 day simple moving average of $14.37. The stock has a market capitalization of $887.52 million, a price-to-earnings ratio of -8.24 and a beta of 1.61. The company has a current ratio of 11.73, a quick ratio of 11.16 and a debt-to-equity ratio of 0.82.

Wall Street Analyst Weigh In

Several brokerages have commented on CYRX. Stephens reaffirmed an “equal weight” rating and issued a $17.00 target price on shares of Cryoport in a research note on Wednesday, March 13th. Needham & Company LLC lowered their target price on shares of Cryoport from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, March 13th. Finally, UBS Group upped their target price on shares of Cryoport from $14.50 to $17.00 and gave the company a “neutral” rating in a research note on Friday, March 15th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Cryoport has a consensus rating of “Hold” and a consensus price target of $18.29.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CYRX. Tower Research Capital LLC TRC boosted its holdings in Cryoport by 228.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,060 shares of the company’s stock worth $36,000 after purchasing an additional 1,433 shares during the last quarter. Quarry LP acquired a new position in Cryoport during the second quarter worth $40,000. State of Wyoming boosted its holdings in Cryoport by 42.7% during the fourth quarter. State of Wyoming now owns 3,026 shares of the company’s stock worth $53,000 after purchasing an additional 905 shares during the last quarter. Comerica Bank acquired a new position in Cryoport during the third quarter worth $53,000. Finally, Natixis Investment Managers International boosted its holdings in Cryoport by 61.5% during the fourth quarter. Natixis Investment Managers International now owns 4,536 shares of the company’s stock worth $70,000 after purchasing an additional 1,727 shares during the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

Cryoport Company Profile

Cryoport, Inc provides temperature-controlled supply chain solutions in biopharma/pharma, animal health, and human reproductive medicine markets in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Cryoport Express Shippers; Cryoport ELITE -80°C Gene Therapy Shipper; Cryoport ELITE Cryosphere Shipper; Cryoport consulting services, including physical, thermal, and shipping qualifications of shipping systems and/or packaging to developing custom packaging solutions; and Cryoport bioservices, such as controlled temperature storage, fulfilment, kit production, secondary packaging, labelling of therapeutic products, and GMP raw materials storage services.