John Joseph Johnston Sells 3,000 Shares of MaxCyte, Inc. (NASDAQ:MXCT) Stock

MaxCyte, Inc. (NASDAQ:MXCT) Director John Joseph Johnston sold 3,000 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $4.01, for a total transaction of $12,030.00. Following the sale, the director now directly owns 141,950 shares of the company’s stock, valued at $569,219.50. This represents a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

John Joseph Johnston also recently made the following trade(s):

• On Monday, October 28th, John Joseph Johnston sold 3,000 shares of MaxCyte stock. The shares were sold at an average price of $3.72, for a total transaction of $11,160.00.

MaxCyte Stock Performance

MaxCyte stock opened at $4.16 on Thursday. MaxCyte, Inc. has a 52 week low of $3.16 and a 52 week high of $5.55. The firm has a market capitalization of $439.67 million, a price-to-earnings ratio of -12.23 and a beta of 1.37. The company has a 50 day moving average price of $3.79 and a 200 day moving average price of $4.01.

MaxCyte (NASDAQ:MXCT) last issued its earnings results on Wednesday, November 6th. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.02. The business had revenue of $8.16 million during the quarter, compared to analysts’ expectations of $7.50 million. MaxCyte had a negative return on equity of 16.00% and a negative net margin of 78.36%. During the same quarter last year, the firm posted ($0.11) earnings per share. Equities analysts forecast that MaxCyte, Inc. will post -0.42 earnings per share for the current fiscal year.

Institutional Trading of MaxCyte

A number of hedge funds have recently made changes to their positions in MXCT. Franklin Resources Inc. purchased a new position in MaxCyte during the third quarter valued at approximately $260,000. Barclays PLC increased its stake in shares of MaxCyte by 329.3% in the third quarter. Barclays PLC now owns 165,765 shares of the company’s stock worth $645,000 after acquiring an additional 127,156 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of MaxCyte by 2.0% during the third quarter. Geode Capital Management LLC now owns 2,474,632 shares of the company’s stock worth $9,628,000 after acquiring an additional 47,960 shares in the last quarter. M&T Bank Corp boosted its position in MaxCyte by 29.1% during the third quarter. M&T Bank Corp now owns 113,778 shares of the company’s stock valued at $443,000 after purchasing an additional 25,644 shares during the last quarter. Finally, State Street Corp grew its stake in MaxCyte by 5.1% in the third quarter. State Street Corp now owns 2,269,135 shares of the company’s stock valued at $8,827,000 after purchasing an additional 111,066 shares in the last quarter. 68.81% of the stock is owned by hedge funds and other institutional investors.

MaxCyte Company Profile

MaxCyte, Inc, a life sciences company, discovers, develops, and commercializes next-generation cell therapies in the United States and internationally. Its products include ExPERT ATx, a static electroporation instrument for small to medium scale transfection; ExPERT STx, a flow electroporation for protein production and drug development, as well as expression of therapeutic targets for cell-based assays; ExPERT GTx, a flow electroporation for large scale transfection in therapeutic applications; and ExPERT VLx for very large volume cell-engineering.