Taking a Closer Look At Codexis Inc. (CDXS) Following Its Recent Trade


Codexis Inc.’s recently made public that its Director NICOLS JOHN J unloaded Company’s shares for reported $0.2 million on Oct 28. In the deal valued at $5.53 per share,35,716 shares were sold. As a result of this transaction, NICOLS JOHN J now holds 943,106 shares worth roughly $ 5.98 million.

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Then, NICOLS JOHN J sold 39,786 shares, generating $225,921 in total proceeds. Upon selling the shares at $5.68, the Director now owns 943,106 shares.

Before that, NICOLS JOHN J sold 35,716 shares. Codexis Inc. shares valued at $214,100 were divested by the Director at a price of $5.99 per share. As a result of the transaction, NICOLS JOHN J now holds 982,892 shares, worth roughly $6.23 million.

PT values the company’s stock at a premium of 81.89 to its Friday closing price. Piper Sandler began covering CDXS with “an Overweight” recommendation on April 12, 2021. Stifel started covering the stock on March 01, 2021. It rated CDXS as “a Buy”.

Price Performance Review of CDXS

On Friday, Codexis Inc. [NASDAQ:CDXS] saw its stock jump 11.03% to $6.34. On the same session, the stock had its day’s lowest price of $5.805, but rose to a high of $6.50. Over the last five days, the stock has gained 11.62%. Codexis Inc. shares have fallen nearly -79.72% since the year began. Nevertheless, the stocks have fallen -81.86% over the past one year. While a 52-week high of $42.01 was reached on 01/03/22, a 52-week low of $4.81 was recorded on 10/24/22. SMA at 50 days reached $6.20, while 200 days put it at $11.93. A total of 1.14 million shares were traded, compared to the trading of 0.67 million shares in the previous session.

Levels Of Support And Resistance For CDXS Stock

The 24-hour chart illustrates a support level at 5.93, which if violated will result in even more drops to 5.52. On the upside, there is a resistance level at 6.63. A further resistance level may holdings at 6.91. The Relative Strength Index (RSI) on the 14-day chart is 60.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.47%. Stochastics %K at 81.72% indicates the stock is a selling.

How much short interest is there in Codexis Inc.?

A steep rise in short interest was recorded in Codexis Inc. stocks on Jul 14, 2022, growing by 0.29 million shares to a total of 5.53 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 5.24 million shares. There was a rise of 5.24%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 9.76% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.03.

Codexis Inc. [CDXS] – Who Are The Largest Shareholders?

In filings from Baillie Gifford & Co., it is revealed that the company now owns 7,068,119 shares, or roughly 10.79% of the outstanding CDXS shares. In other words, the investor’s shares have fallen by -331,948 from its previous 13-F filing of 7400067.0. Additionally, BlackRock Fund Advisors increased 5.02% of its stake after which the total value it holdings stand at $26,493,890, while ARK Investment Management LLC reduced -4.75% of its stake to hold $25.9 million in the firm. Over the last quarter, Nantahala Capital Management LLC purchased 737,049 shares of Codexis Inc., while The Vanguard Group, Inc. bought -142,449 shares. At present, Telemark Asset Management LLC is holding 2,504,500 shares valued at $15.18 million. Gilder, Gagnon, Howe & Co. LLC owned 1,971,344 shares of the company at the time of its most recent 13F filing, worth $11.95 million.

The most recent change occurred on February 26, 2021 when H.C. Wainwright resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $26.


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