Atara Biotherapeutics Inc. (ATRA) Trading Down 2.3% After Insider Selling
Shares of Atara Biotherapeutics Inc. (NASDAQ:ATRA) fell 2.3% during trading on Wednesday after an insider sold shares in the company. The company traded as low as $19.49 and last traded at $19.77, with a volume of 62,204 shares trading hands. The stock had previously closed at $20.23.
Specifically, COO Gad Soffer sold 5,356 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $22.41, for a total value of $120,027.96. Following the completion of the sale, the chief operating officer now owns 146,460 shares of the company’s stock, valued at approximately $3,282,168.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher Haqq sold 1,346 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $22.32, for a total transaction of $30,042.72. Following the completion of the sale, the insider now directly owns 295,294 shares of the company’s stock, valued at approximately $6,590,962.08. The disclosure for this sale can be found here. 16.10% of the stock is currently owned by insiders.
Several brokerages have recently weighed in on ATRA. JMP Securities reaffirmed a “buy” rating on shares of Atara Biotherapeutics in a research report on Saturday, July 9th. Zacks Investment Research raised shares of Atara Biotherapeutics from a “sell” rating to a “hold” rating in a research report on Friday, September 2nd. Canaccord Genuity reissued a “buy” rating on shares of Atara Biotherapeutics in a research report on Tuesday, June 7th. Jefferies Group reissued a “buy” rating and set a $25.00 target price on shares of Atara Biotherapeutics in a research report on Tuesday, August 9th. Finally, Goldman Sachs Group Inc. cut shares of Atara Biotherapeutics from a “neutral” rating to a “sell” rating and decreased their target price for the company from $23.00 to $16.00 in a research report on Thursday, September 15th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Atara Biotherapeutics presently has a consensus rating of “Hold” and a consensus target price of $26.14.
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The stock has a 50-day moving average price of $21.37 and a 200-day moving average price of $20.02. The company’s market capitalization is $573.92 million.
Atara Biotherapeutics (NASDAQ:ATRA) last announced its quarterly earnings data on Monday, August 8th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.61) by $0.05. Equities analysts expect that Atara Biotherapeutics Inc. will post ($2.85) EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of ATRA. FMR LLC boosted its position in Atara Biotherapeutics by 29.9% in the second quarter. FMR LLC now owns 3,125,407 shares of the company’s stock valued at $70,353,000 after buying an additional 720,313 shares during the period. Redmile Group LLC boosted its position in Atara Biotherapeutics by 5.9% in the second quarter. Redmile Group LLC now owns 2,408,970 shares of the company’s stock valued at $54,226,000 after buying an additional 133,205 shares during the period. BlackRock Fund Advisors boosted its position in Atara Biotherapeutics by 18.6% in the second quarter. BlackRock Fund Advisors now owns 913,922 shares of the company’s stock valued at $20,572,000 after buying an additional 143,242 shares during the period. Bridger Management LLC purchased a new position in Atara Biotherapeutics during the first quarter valued at approximately $14,072,000. Finally, Vanguard Group Inc. boosted its position in Atara Biotherapeutics by 20.3% in the second quarter. Vanguard Group Inc. now owns 679,690 shares of the company’s stock valued at $15,300,000 after buying an additional 114,734 shares during the period. Institutional investors own 75.50% of the company’s stock.
About Atara Biotherapeutics
Atara Biotherapeutics, Inc is a clinical-stage biopharmaceutical company. Its segment is the business of developing and commercializing therapeutics. It has approximately two groups of product candidates, such as allogeneic or third-party derived antigen-specific T-cells, and molecularly targeted biologics.
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