Insider Selling: Juno Therapeutics, Inc. (JUNO) Director Sells 12,000 Shares of Stock
Juno Therapeutics, Inc. (NASDAQ:JUNO) Director Richard Klausner sold 12,000 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $42.66, for a total value of $511,920.00. Following the completion of the sale, the director now owns 783,536 shares of the company’s stock, valued at $33,425,645.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Richard Klausner also recently made the following trade(s):
- On Monday, August 7th, Richard Klausner sold 12,000 shares of Juno Therapeutics stock. The stock was sold at an average price of $30.34, for a total value of $364,080.00.
- On Friday, July 7th, Richard Klausner sold 24,000 shares of Juno Therapeutics stock. The stock was sold at an average price of $29.39, for a total value of $705,360.00.
Shares of Juno Therapeutics, Inc. (JUNO) traded down 1.78% on Friday, reaching $41.85. The company had a trading volume of 1,850,028 shares. Juno Therapeutics, Inc. has a 52 week low of $17.52 and a 52 week high of $44.60. The company’s market capitalization is $4.39 billion. The company has a 50 day moving average of $31.69 and a 200-day moving average of $26.26.
Juno Therapeutics (NASDAQ:JUNO) last released its earnings results on Thursday, August 3rd. The biopharmaceutical company reported ($0.96) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.72) by $0.24. The company had revenue of $21.30 million during the quarter, compared to analysts’ expectations of $15.59 million. Juno Therapeutics had a negative net margin of 354.36% and a negative return on equity of 27.10%. The company’s revenue for the quarter was down 22.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.64) earnings per share. Analysts predict that Juno Therapeutics, Inc. will post ($3.12) earnings per share for the current fiscal year.
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Several equities research analysts have weighed in on JUNO shares. Vetr cut Juno Therapeutics from a “strong-buy” rating to a “buy” rating and set a $27.60 target price for the company. in a report on Tuesday, June 20th. BidaskClub upgraded Juno Therapeutics from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Zacks Investment Research upgraded Juno Therapeutics from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Tuesday, July 11th. Morgan Stanley upped their target price on Juno Therapeutics from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Monday, August 7th. Finally, FBR & Co reiterated a “hold” rating on shares of Juno Therapeutics in a report on Thursday, May 18th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $34.88.
A number of large investors have recently added to or reduced their stakes in JUNO. The Manufacturers Life Insurance Company boosted its holdings in Juno Therapeutics by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 3,405 shares of the biopharmaceutical company’s stock valued at $102,000 after purchasing an additional 228 shares during the period. Pacad Investment Ltd. purchased a new position in Juno Therapeutics in the second quarter valued at $105,000. QS Investors LLC purchased a new position in Juno Therapeutics in the second quarter valued at $135,000. Great West Life Assurance Co. Can boosted its holdings in Juno Therapeutics by 80.5% in the first quarter. Great West Life Assurance Co. Can now owns 8,518 shares of the biopharmaceutical company’s stock valued at $189,000 after purchasing an additional 3,800 shares during the period. Finally, Nisa Investment Advisors LLC purchased a new position in Juno Therapeutics in the first quarter valued at $200,000. Hedge funds and other institutional investors own 70.76% of the company’s stock.
Juno Therapeutics Company Profile
Juno Therapeutics, Inc (Juno) is a biopharmaceutical company, which is focused on developing cellular immunotherapies for the treatment of cancer. The Company is developing cell-based cancer immunotherapies based on its chimeric antigen receptor (CAR) and T cell receptor (TCR) technologies to genetically engineer T cells to recognize and kill cancer cells.
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