Adage Capital Management is Buying Fluidigm Corp (NASDAQ:FLDM) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Fluidigm Corp (NASDAQ:FLDM) reported that Adage Capital Management has picked up 1,546,209 of common stock as of 2017-03-13.

The acquisition brings the aggregate amount owned by Adage Capital Management to a total of 1,546,209 representing a 5.29% stake in the company.

For those not familiar with the company, Fluidigm Corporation creates, manufactures and markets technologies and life science tools focused on the exploration and analysis of single cells, as well as the industrial application of genomics, based upon the Company’s core microfluidics and mass cytometry technologies. The Company operates in the development, manufacturing and commercialization of life science tools for the life science and Ag-Bio industries segment. Its products include preparatory instruments, preparatory analytical instruments, analytical instruments, integrated fluidic circuits (IFCs), and assays and reagents. Its preparatory instruments include C1 Single-Cell Auto Prep System, Access Array System, Juno System and IFCs, and Callisto System and IFC. Its analytical instruments include Biomark HD System, EP1 System and Helios/CyTOF 2 System. Its assays and reagents include Delta Gene and SNP Type Assays, and Access Array Target-Specific Primers and Targeted Sequencing Prep Primers.

A glance at Fluidigm Corp (NASDAQ:FLDM)’s key stats reveals a current market capitalization of 146.92 Million based on 29.21 Million shares outstanding and a price at last close of $4.92 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-02-15, Levin picked up 825 at a purchase price of $6.00. This brings their total holding to 6,344,568 as of the date of the filing.

On the sell side, the most recent transaction saw Worthington unload 6,000 shares at a sale price of $11.50. This brings their total holding to 6,815.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Fluidigm Corp (NASDAQ:FLDM) as things move forward to see if its progress aligns with these transactions.

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