Editas Medicine Inc (NASDAQ:EDIT) insider Katrine Bosley sold 8,333 shares of Editas Medicine stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $29.58, for a total value of $246,490.14. Following the transaction, the insider now directly owns 1,387,897 shares in the company, valued at $41,053,993.26. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Katrine Bosley also recently made the following trade(s):

  • On Wednesday, November 1st, Katrine Bosley sold 8,333 shares of Editas Medicine stock. The stock was sold at an average price of $23.64, for a total value of $196,992.12.
  • On Monday, October 2nd, Katrine Bosley sold 8,333 shares of Editas Medicine stock. The shares were sold at an average price of $24.78, for a total value of $206,491.74.

Editas Medicine Inc (EDIT) opened at $27.76 on Tuesday. The company has a current ratio of 10.12, a quick ratio of 10.12 and a debt-to-equity ratio of 0.19. Editas Medicine Inc has a 52 week low of $13.12 and a 52 week high of $31.81.

Editas Medicine (NASDAQ:EDIT) last announced its quarterly earnings data on Tuesday, November 7th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.04). Editas Medicine had a negative net margin of 1,127.03% and a negative return on equity of 70.19%. The business had revenue of $6.28 million during the quarter, compared to analyst estimates of $2.66 million. During the same period in the prior year, the firm earned ($0.59) earnings per share. The firm’s revenue for the quarter was up 553.0% compared to the same quarter last year. research analysts anticipate that Editas Medicine Inc will post -2.92 EPS for the current year.

Hedge funds have recently bought and sold shares of the stock. IHT Wealth Management LLC acquired a new position in Editas Medicine during the 2nd quarter worth approximately $107,000. Great West Life Assurance Co. Can raised its stake in Editas Medicine by 519.9% during the 3rd quarter. Great West Life Assurance Co. Can now owns 4,959 shares of the company’s stock worth $114,000 after buying an additional 4,159 shares during the period. Bank of America Corp DE raised its stake in Editas Medicine by 72.2% during the 1st quarter. Bank of America Corp DE now owns 5,936 shares of the company’s stock worth $133,000 after buying an additional 2,489 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in Editas Medicine during the 2nd quarter worth approximately $127,000. Finally, Legal & General Group Plc raised its stake in Editas Medicine by 308.4% during the 2nd quarter. Legal & General Group Plc now owns 8,654 shares of the company’s stock worth $145,000 after buying an additional 6,535 shares during the period. 70.11% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently issued reports on the company. Cann reissued a “hold” rating on shares of Editas Medicine in a research note on Thursday, August 10th. J P Morgan Chase & Co set a $27.00 price objective on Editas Medicine and gave the company a “hold” rating in a research note on Wednesday, August 9th. Morgan Stanley reissued an “equal weight” rating and issued a $28.00 price objective (up from $27.00) on shares of Editas Medicine in a research note on Friday, October 6th. ValuEngine raised Editas Medicine from a “sell” rating to a “hold” rating in a research note on Saturday, September 30th. Finally, Zacks Investment Research downgraded Editas Medicine from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $26.73.

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Editas Medicine Company Profile

Editas Medicine, Inc is a genome editing company. It is engaged in treating patients with genetically defined diseases by correcting their disease-causing genes. It operates through developing and commercializing genome editing technology segment. It is developing a genome editing platform based on clustered, regularly interspaced short palindromic repeats (CRISPR) technology.

Insider Buying and Selling by Quarter for Editas Medicine (NASDAQ:EDIT)

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