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BOTHELL, WA—Karen A. Foster, the Chief Quality and Operations Officer at Biolife Solutions Inc. (NASDAQ:BLFS), recently sold a portion of her company stock. According to a Form 4 filing with the Securities and Exchange Commission, Foster sold 78 shares of Biolife Solutions' common stock on February 12, 2025, at a price of $26.54 per share. The transaction totaled approximately $2,070. The sale comes as BLFS trades near its 52-week high of $29.55, with the stock showing remarkable strength, up about 56% over the past year. According to InvestingPro analysis, the company currently appears overvalued based on its Fair Value metrics.
Following this sale, Foster retains ownership of 156,567 shares of Biolife Solutions. The sale was conducted under a pre-established Rule 10b5-1 trading plan, which was put in place to manage tax withholding obligations related to the vesting of restricted stock. The $1.29 billion market cap company maintains a GOOD financial health score, with analysts setting price targets ranging from $27 to $34. For deeper insights into BLFS's insider trading patterns and comprehensive analysis, InvestingPro subscribers can access the detailed Pro Research Report, part of the platform's coverage of over 1,400 US stocks.
In other recent news, BioLife Solutions has been the focus of several analyst reports. Maxim Group recently raised its price target to $34, expecting a return to durable top-line growth in 2025 due to the company's strategic shift towards its Cell and Gene Therapy tools. KeyBanc Capital Markets maintained its Overweight rating and $33.00 price target, expressing confidence in the company's growth prospects following the appointment of Tony Hunt to the Board of Directors and the sale of CBS and SciSafe.
Benchmark also maintained its Buy rating with a steady price target of $30.00, reflecting positive expectations after the sale of the SciSafe division and the appointment of Tony Hunt to the Board of Directors. On the other hand, H.C. Wainwright adjusted the price target for BioLife Solutions to $27 from the previous $29, following the sale of Arctic Solutions and SciSafe Holdings, but retained its Buy rating on the stock.
These recent developments reflect the analysts' confidence in BioLife Solutions' strategic direction and potential for financial improvement. The company's refocused strategy on Cell and Gene Therapy tools is anticipated to lead to dependable and recurring revenue streams. The divestitures of its freezer and storage businesses are expected to enhance gross margins, cut overhead costs, and provide additional cash to the company's balance sheet.
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