AnaptysBio, Inc. (NASDAQ:ANAB) Major Shareholder Sells $10,376,129.28 in Stock
AnaptysBio, Inc. (NASDAQ:ANAB) major shareholder Holdings A/S Novo sold 491,294 shares of AnaptysBio stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $21.12, for a total value of $10,376,129.28. Following the sale, the insider now directly owns 2,952,527 shares in the company, valued at $62,357,370.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Holdings A/S Novo also recently made the following trade(s):
- On Thursday, August 3rd, Holdings A/S Novo sold 70,706 shares of AnaptysBio stock. The shares were sold at an average price of $23.31, for a total value of $1,648,156.86.
AnaptysBio, Inc. (NASDAQ:ANAB) traded down 5.49% during trading on Tuesday, hitting $21.53. The company had a trading volume of 128,321 shares. The company’s 50 day moving average price is $25.09 and its 200-day moving average price is $24.56. The stock’s market capitalization is $436.39 million. AnaptysBio, Inc. has a 1-year low of $15.17 and a 1-year high of $30.71.
AnaptysBio (NASDAQ:ANAB) last issued its earnings results on Thursday, May 11th. The biotechnology company reported ($0.75) earnings per share for the quarter, missing the consensus estimate of ($0.18) by $0.57. On average, analysts expect that AnaptysBio, Inc. will post ($2.48) EPS for the current year.
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A number of brokerages have recently commented on ANAB. Zacks Investment Research raised AnaptysBio from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Stifel Nicolaus lifted their price objective on AnaptysBio from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, May 2nd. Credit Suisse Group reaffirmed an “outperform” rating and issued a $34.00 price objective on shares of AnaptysBio in a research note on Tuesday, April 18th. Finally, Robert W. Baird began coverage on AnaptysBio in a research note on Monday, July 10th. They issued an “outperform” rating and a $36.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $35.60.
Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp bought a new stake in shares of AnaptysBio during the first quarter worth approximately $373,000. JPMorgan Chase & Co. bought a new stake in shares of AnaptysBio during the first quarter worth approximately $3,851,000. Endurant Capital Management LP bought a new stake in shares of AnaptysBio during the first quarter worth approximately $258,000. Iguana Healthcare Management LLC bought a new stake in shares of AnaptysBio during the first quarter worth approximately $1,388,000. Finally, Boxer Capital LLC bought a new stake in shares of AnaptysBio during the first quarter worth approximately $1,388,000. Institutional investors own 72.79% of the company’s stock.
AnaptysBio, Inc is a United States-based biotechnology company. The Company is engaged in developing antibody product candidates focused on unmet medical needs in inflammation and immuno-oncology. The Company develops its product candidates using its antibody discovery technology platform, which is designed to replicate, in vitro, the natural process of antibody generation.
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