Venture Fund Ix L.P. Atlas Sells 150,000 Shares of Intellia Therapeutics, Inc. (NTLA) Stock
Intellia Therapeutics, Inc. (NASDAQ:NTLA) major shareholder Venture Fund Ix L.P. Atlas sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $16.24, for a total value of $2,436,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Intellia Therapeutics, Inc. (NTLA) traded up 0.44% during midday trading on Tuesday, reaching $16.13. The company’s stock had a trading volume of 238,686 shares. The firm has a 50 day moving average of $13.75 and a 200 day moving average of $13.83. Intellia Therapeutics, Inc. has a 52-week low of $10.83 and a 52-week high of $24.90. The firm’s market cap is $581.13 million.
Intellia Therapeutics (NASDAQ:NTLA) last issued its quarterly earnings results on Tuesday, May 2nd. The company reported ($0.36) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.34) by $0.02. The business had revenue of $6.22 million for the quarter, compared to the consensus estimate of $5.30 million. Intellia Therapeutics had a negative return on equity of 17.65% and a negative net margin of 179.64%. Analysts anticipate that Intellia Therapeutics, Inc. will post ($1.58) earnings per share for the current fiscal year.
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NTLA has been the subject of several research analyst reports. Wedbush reiterated an “outperform” rating and issued a $25.00 price objective on shares of Intellia Therapeutics in a research report on Tuesday, March 14th. Zacks Investment Research lowered Intellia Therapeutics from a “buy” rating to a “hold” rating in a research report on Saturday, March 18th. Chardan Capital initiated coverage on Intellia Therapeutics in a research report on Monday, March 27th. They issued a “buy” rating and a $19.00 price objective for the company. They noted that the move was a valuation call. Credit Suisse Group set a $24.00 price objective on Intellia Therapeutics and gave the company a “buy” rating in a research report on Wednesday, May 3rd. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $36.00 price objective on shares of Intellia Therapeutics in a research report on Thursday, June 22nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $25.71.
A number of hedge funds have recently modified their holdings of the company. Airain ltd acquired a new stake in shares of Intellia Therapeutics during the first quarter worth approximately $381,000. M&T Bank Corp acquired a new stake in shares of Intellia Therapeutics during the first quarter worth approximately $162,000. Paulson & CO. Inc. acquired a new stake in shares of Intellia Therapeutics during the first quarter worth approximately $1,107,000. Norges Bank acquired a new stake in shares of Intellia Therapeutics during the fourth quarter worth approximately $886,000. Finally, IHT Wealth Management LLC acquired a new stake in shares of Intellia Therapeutics during the first quarter worth approximately $117,000. Institutional investors and hedge funds own 47.06% of the company’s stock.
About Intellia Therapeutics
Intellia Therapeutics, Inc is a genome editing company. The Company is focused on developing therapeutics utilizing a biological tool known as CRISPR/Cas9. The CRISPR/Cas9 genome editing system includes two components: the Cas9 protein and the guide RNA sequence. The Cas9 protein acts like a pair of molecular scissors that initiates the natural cellular repair process to knockout, repair or insert a gene.
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