Insider Selling: Natera Inc. (NTRA) Insider Sells 1,600 Shares of Stock
Natera Inc. (NASDAQ:NTRA) insider Jonathan Sheena sold 1,600 shares of Natera stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $12.00, for a total transaction of $19,200.00. Following the completion of the sale, the insider now directly owns 617,151 shares in the company, valued at approximately $7,405,812. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Natera Inc. (NASDAQ:NTRA) opened at 11.46 on Friday. Natera Inc. has a 52 week low of $6.52 and a 52 week high of $13.80. The company has a 50 day moving average of $10.41 and a 200 day moving average of $11.10. The firm’s market cap is $593.41 million.
Natera (NASDAQ:NTRA) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.46) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.48) by $0.02. The firm had revenue of $52 million for the quarter, compared to analysts’ expectations of $50.64 million. Natera had a negative net margin of 34.23% and a negative return on equity of 39.38%. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.40) earnings per share. On average, equities research analysts anticipate that Natera Inc. will post ($1.73) EPS for the current fiscal year.
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Several analysts have recently weighed in on the stock. Morgan Stanley set a $20.00 target price on shares of Natera and gave the company a “buy” rating in a report on Friday, August 5th. TheStreet downgraded shares of Natera from a “hold” rating to a “sell” rating in a report on Friday, September 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. Natera presently has a consensus rating of “Buy” and a consensus target price of $16.67.
A number of hedge funds have recently bought and sold shares of the stock. State Street Corp boosted its stake in shares of Natera by 10.0% in the first quarter. State Street Corp now owns 121,834 shares of the company’s stock worth $1,160,000 after buying an additional 11,078 shares during the period. Geode Capital Management LLC boosted its stake in shares of Natera by 26.3% in the first quarter. Geode Capital Management LLC now owns 88,776 shares of the company’s stock worth $845,000 after buying an additional 18,489 shares during the period. Murphy Michael R acquired a new stake in shares of Natera during the first quarter worth $16,017,000. Hamilton Lane Advisors LLC acquired a new stake in shares of Natera during the second quarter worth $1,208,000. Finally, Bank of Montreal Can acquired a new stake in shares of Natera during the second quarter worth $330,000. 63.00% of the stock is currently owned by hedge funds and other institutional investors.
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