Today, a Director at Veracyte, Evan Fa Jones, exercised options of Veracyte (NASDAQ: VCYT) for $2,000. The options were close to expired and Evan Fa Jones retained stocks.
This recent transaction increases Evan Fa Jones’ holding in the company by 8.94% to a total of $2.28 million. This is Jones’ first Buy trade following 8 Sell transactions.
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Based on Veracyte’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $20.04 million and GAAP net loss of $9.18 million. In comparison, last year the company earned revenue of $16.43 million and had a GAAP net loss of $8.22 million. Currently, Veracyte has an average volume of 52.21K. The Company has a Price to Book ratio of 8.5794.
Eight different firms, including BTIG and Deutsche Bank, currently also have a Buy rating on the stock.
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Veracyte, Inc. engages in the research, development, and commercialization of diagnostic products. Its portfolio includes Afirma, Percepta, and Envisia. It intends to treat thyroid cancer, improve lung cancer screening, and clarify the diagnosis of idiopathic pulmonary fibrosis.
