Nektar Therapeutics (NKTR) SVP Ivan P. Gergel Sells 100,000 Shares
Nektar Therapeutics (NASDAQ:NKTR) SVP Ivan P. Gergel sold 100,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $24.14, for a total transaction of $2,414,000.00. Following the completion of the sale, the senior vice president now owns 84,871 shares of the company’s stock, valued at approximately $2,048,785.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Nektar Therapeutics (NASDAQ NKTR) traded down 1.09% on Tuesday, reaching $24.50. 1,342,355 shares of the company’s stock were exchanged. Nektar Therapeutics has a 12 month low of $11.41 and a 12 month high of $24.93. The firm’s 50-day moving average price is $21.17 and its 200 day moving average price is $20.34. The company’s market cap is $3.83 billion.
Nektar Therapeutics (NASDAQ:NKTR) last announced its quarterly earnings data on Tuesday, August 8th. The biopharmaceutical company reported ($0.39) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.04). The company had revenue of $34.60 million during the quarter, compared to analyst estimates of $33.64 million. Nektar Therapeutics had a negative net margin of 157.14% and a negative return on equity of 1,223.34%. Nektar Therapeutics’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.36) earnings per share. Equities research analysts predict that Nektar Therapeutics will post ($0.98) EPS for the current fiscal year.
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A number of research firms recently weighed in on NKTR. ValuEngine raised Nektar Therapeutics from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. William Blair reaffirmed an “outperform” rating on shares of Nektar Therapeutics in a report on Tuesday, July 18th. BidaskClub raised Nektar Therapeutics from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Jefferies Group LLC reiterated a “buy” rating and issued a $23.00 price objective on shares of Nektar Therapeutics in a research report on Friday, July 21st. Finally, Evercore ISI initiated coverage on Nektar Therapeutics in a research report on Thursday, August 17th. They issued an “in-line” rating and a $20.00 price objective for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $26.80.
Hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Nektar Therapeutics by 14.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,603 shares of the biopharmaceutical company’s stock worth $110,000 after purchasing an additional 692 shares during the period. LS Investment Advisors LLC grew its stake in Nektar Therapeutics by 8.8% during the second quarter. LS Investment Advisors LLC now owns 6,594 shares of the biopharmaceutical company’s stock worth $129,000 after buying an additional 535 shares in the last quarter. Flinton Capital Management LLC grew its stake in Nektar Therapeutics by 75.7% during the second quarter. Flinton Capital Management LLC now owns 7,872 shares of the biopharmaceutical company’s stock worth $154,000 after buying an additional 3,392 shares in the last quarter. Riverhead Capital Management LLC grew its stake in Nektar Therapeutics by 78.7% during the second quarter. Riverhead Capital Management LLC now owns 8,754 shares of the biopharmaceutical company’s stock worth $171,000 after buying an additional 3,854 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in Nektar Therapeutics by 21.8% during the first quarter. Bank of Montreal Can now owns 8,195 shares of the biopharmaceutical company’s stock worth $192,000 after buying an additional 1,464 shares in the last quarter. 95.08% of the stock is owned by institutional investors and hedge funds.
About Nektar Therapeutics
Nektar Therapeutics is a biopharmaceutical company that discovers and develops medicines in areas of high unmet medical need. The Company’s research and development pipeline of new investigational drugs includes treatments for cancer, auto-immune disease and chronic pain. It leverages its chemistry platform to discover and design new drug candidates.
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