Spring Bank Pharmaceuticals, Inc. (NASDAQ:SBPH) insider Martin J. Driscoll bought 1,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was purchased at an average price of $14.84 per share, with a total value of $14,840.00. Following the transaction, the insider now owns 55,400 shares in the company, valued at approximately $822,136. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Spring Bank Pharmaceuticals, Inc. (NASDAQ:SBPH) traded up 0.89% during mid-day trading on Thursday, hitting $14.75. The company had a trading volume of 4,709 shares. The firm’s 50 day moving average is $14.24 and its 200-day moving average is $12.26. The firm’s market cap is $187.28 million. Spring Bank Pharmaceuticals, Inc. has a 12-month low of $6.31 and a 12-month high of $14.96.

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Institutional investors and hedge funds have recently modified their holdings of the stock. Sphera Funds Management LTD. bought a new position in Spring Bank Pharmaceuticals during the second quarter valued at about $2,370,000. Parsons Capital Management Inc. RI increased its stake in Spring Bank Pharmaceuticals by 19.6% during the first quarter. Parsons Capital Management Inc. RI now owns 233,443 shares of the company’s stock valued at $2,078,000 after acquiring an additional 38,278 shares during the period. Private Capital Advisors Inc. increased its stake in Spring Bank Pharmaceuticals by 50.0% during the second quarter. Private Capital Advisors Inc. now owns 56,250 shares of the company’s stock valued at $762,000 after acquiring an additional 18,750 shares during the period. Morse Asset Management Inc grew its stake in shares of Spring Bank Pharmaceuticals by 156.9% in the 2nd quarter. Morse Asset Management Inc now owns 63,700 shares of the company’s stock valued at $862,000 after purchasing an additional 38,900 shares during the period. Finally, C WorldWide Group Holding A S bought a new stake in shares of Spring Bank Pharmaceuticals in the 2nd quarter valued at approximately $340,000. Hedge funds and other institutional investors own 28.26% of the company’s stock.

Several research analysts have recently commented on SBPH shares. Chardan Capital decreased their target price on Spring Bank Pharmaceuticals from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, August 1st. Dawson James reiterated a “buy” rating on shares of Spring Bank Pharmaceuticals in a research report on Monday, August 7th. ValuEngine upgraded Spring Bank Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. JMP Securities started coverage on Spring Bank Pharmaceuticals in a research report on Friday, May 19th. They issued a “market perform” rating and a $20.00 target price for the company. Finally, Cantor Fitzgerald started coverage on Spring Bank Pharmaceuticals in a research report on Wednesday, July 19th. They issued an “overweight” rating and a $29.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $26.33.

Spring Bank Pharmaceuticals Company Profile

Spring Bank Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company is engaged in the discovery and development of a class of therapeutics using its small molecule nucleic acid hybrid (SMNH) chemistry platform. The Company is developing its SMNH product, SB 9200, for the treatment of viral diseases.

Insider Buying and Selling by Quarter for Spring Bank Pharmaceuticals (NASDAQ:SBPH)

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