Cascadian Therapeutics, Inc. (NASDAQ:CASC) Insider Acquires $20,570.00 in Stock
Cascadian Therapeutics, Inc. (NASDAQ:CASC) insider Scott Dunseth Myers bought 5,500 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was bought at an average price of $3.74 per share, with a total value of $20,570.00. Following the completion of the purchase, the insider now owns 49,716 shares of the company’s stock, valued at $185,937.84. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Cascadian Therapeutics, Inc. (CASC) traded up 1.37% during trading on Monday, reaching $3.69. The company’s stock had a trading volume of 239,823 shares. The stock’s market capitalization is $186.54 million. The company’s 50-day moving average price is $3.92 and its 200 day moving average price is $4.02. Cascadian Therapeutics, Inc. has a 1-year low of $3.18 and a 1-year high of $10.98.
Cascadian Therapeutics (NASDAQ:CASC) last posted its earnings results on Tuesday, August 8th. The biopharmaceutical company reported ($0.30) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.36) by $0.06. During the same quarter in the prior year, the firm posted ($1.57) earnings per share. Analysts anticipate that Cascadian Therapeutics, Inc. will post $5.02 EPS for the current year.
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A number of brokerages have commented on CASC. Cantor Fitzgerald restated a “hold” rating and issued a $4.00 target price on shares of Cascadian Therapeutics in a research note on Wednesday, May 10th. Zacks Investment Research downgraded Cascadian Therapeutics from a “buy” rating to a “hold” rating in a research note on Friday. Cowen and Company restated a “buy” rating on shares of Cascadian Therapeutics in a research note on Wednesday, August 9th. ValuEngine downgraded Cascadian Therapeutics from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Finally, BTIG Research began coverage on Cascadian Therapeutics in a research note on Friday, April 21st. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Cascadian Therapeutics currently has an average rating of “Hold” and an average target price of $6.17.
A number of hedge funds have recently bought and sold shares of the stock. Perkins Capital Management Inc. boosted its stake in Cascadian Therapeutics by 6.4% in the first quarter. Perkins Capital Management Inc. now owns 48,129 shares of the biopharmaceutical company’s stock worth $199,000 after buying an additional 2,887 shares during the last quarter. OxFORD Asset Management LLP boosted its stake in Cascadian Therapeutics by 11.8% in the second quarter. OxFORD Asset Management LLP now owns 181,323 shares of the biopharmaceutical company’s stock worth $674,000 after buying an additional 19,131 shares during the last quarter. GRT Capital Partners L.L.C. boosted its stake in Cascadian Therapeutics by 50.5% in the second quarter. GRT Capital Partners L.L.C. now owns 58,109 shares of the biopharmaceutical company’s stock worth $216,000 after buying an additional 19,500 shares during the last quarter. State of Wisconsin Investment Board acquired a new stake in Cascadian Therapeutics during the second quarter worth $104,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in Cascadian Therapeutics during the first quarter worth $122,000. 83.86% of the stock is currently owned by institutional investors and hedge funds.
Cascadian Therapeutics Company Profile
Cascadian Therapeutics, Inc, formerly Oncothyreon Inc, is a clinical-stage biopharmaceutical company. The Company focuses on the development of therapeutic products for the treatment of cancer. The Company’s clinical-stage product candidate includes ONT-380, an orally active and selective small-molecule human epidermal growth factor receptor (HER) 2 inhibitor.
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