Fate Therapeutics, Inc. (NASDAQ:FATE) insider Daniel D. Shoemaker sold 13,225 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $3.87, for a total transaction of $51,180.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Fate Therapeutics, Inc. (NASDAQ:FATE) traded up 0.49% during midday trading on Tuesday, reaching $4.08. 114,863 shares of the company traded hands. The firm’s market capitalization is $168.97 million. Fate Therapeutics, Inc. has a 12 month low of $1.80 and a 12 month high of $5.68. The firm’s 50 day moving average price is $4.06 and its 200 day moving average price is $3.67.

Fate Therapeutics (NASDAQ:FATE) last announced its quarterly earnings results on Monday, August 14th. The biopharmaceutical company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.01. Fate Therapeutics had a negative net margin of 887.68% and a negative return on equity of 67.01%. The firm had revenue of $1.03 million during the quarter, compared to the consensus estimate of $1.02 million. On average, analysts expect that Fate Therapeutics, Inc. will post ($0.97) earnings per share for the current year.

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A number of hedge funds have recently made changes to their positions in FATE. Wells Fargo & Company MN lifted its holdings in Fate Therapeutics by 926.7% during the 1st quarter. Wells Fargo & Company MN now owns 281,111 shares of the biopharmaceutical company’s stock valued at $1,279,000 after purchasing an additional 253,732 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Fate Therapeutics by 1.6% during the 1st quarter. Bank of New York Mellon Corp now owns 59,510 shares of the biopharmaceutical company’s stock valued at $271,000 after purchasing an additional 952 shares during the last quarter. Neuberger Berman Group LLC bought a new position in Fate Therapeutics during the 1st quarter valued at about $312,000. Morgan Stanley lifted its holdings in Fate Therapeutics by 9.8% during the 1st quarter. Morgan Stanley now owns 611,646 shares of the biopharmaceutical company’s stock valued at $2,783,000 after purchasing an additional 54,615 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Fate Therapeutics by 40.9% during the 1st quarter. Renaissance Technologies LLC now owns 295,700 shares of the biopharmaceutical company’s stock valued at $1,345,000 after purchasing an additional 85,800 shares during the last quarter. 64.27% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on FATE shares. ValuEngine upgraded shares of Fate Therapeutics from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Zacks Investment Research upgraded shares of Fate Therapeutics from a “hold” rating to a “buy” rating and set a $4.75 target price on the stock in a research note on Friday, September 8th. Leerink Swann restated an “outperform” rating and issued a $7.00 target price on shares of Fate Therapeutics in a research note on Friday, September 8th. Finally, HC Wainwright restated a “buy” rating and issued a $7.00 target price on shares of Fate Therapeutics in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $6.79.

About Fate Therapeutics

Fate Therapeutics, Inc (Fate Therapeutics) is a clinical-stage biopharmaceutical company. The Company is engaged in development of programmed cellular immunotherapies for cancer and immune disorders. The Company’s cell therapy pipeline consists of immuno-oncology programs, including cancer immunotherapies derived from engineered induced pluripotent cells, and immuno-regulatory programs, including hematopoietic cell immunotherapies for protecting the immune system of patients undergoing hematopoietic cell transplantation and for suppressing autoimmunity.

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