Insider Selling: Fate Therapeutics Insider Sells 6,488 Shares of Stock (FATE)
Fate Therapeutics (NASDAQ:FATE) Insider Peter D. Flynn unloaded 6,488 shares of the company’s stock on the open market in a transaction dated Thursday, June 12th. The shares were sold at an average price of $7.00, for a total value of $45,416.00. Following the sale, the insider now directly owns 4,039 shares of the company’s stock, valued at approximately $28,273. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Fate Therapeutics (NASDAQ:FATE) traded down 0.14% during mid-day trading on Friday, hitting $6.98. 6,744 shares of the company’s stock traded hands. Fate Therapeutics has a 52 week low of $4.30 and a 52 week high of $13.55. The stock’s 50-day moving average is $6.82 and its 200-day moving average is $7.27. The company’s market cap is $143.2 million.
Fate Therapeutics (NASDAQ:FATE) last released its earnings data on Tuesday, May 13th. The company reported ($0.34) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.33) by $0.01. Analysts expect that Fate Therapeutics will post $-1.45 EPS for the current fiscal year.
Fate Therapeutics, Inc, is a clinical-stage biopharmaceutical company engaged in the discovery and development of pharmacologic modulators of adult stem cells to treat orphan diseases, including hematologic malignancies, lysosomal storage disorders and muscular dystrophies.
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