Cullinan Therapeutics, Inc. (NASDAQ:CGEM) Receives Consensus Rating of “Moderate Buy” from Analysts

Cullinan Therapeutics, Inc. (NASDAQ:CGEMGet Free Report) has been given an average rating of “Moderate Buy” by the eight ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $28.7143.

A number of analysts have commented on the stock. Zacks Research raised shares of Cullinan Therapeutics from a “hold” rating to a “strong-buy” rating in a report on Wednesday. HC Wainwright boosted their price objective on shares of Cullinan Therapeutics from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Morgan Stanley restated an “overweight” rating and issued a $30.00 price objective on shares of Cullinan Therapeutics in a research note on Thursday, January 8th. BTIG Research lifted their target price on Cullinan Therapeutics from $32.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, November 24th. Finally, Wall Street Zen lowered Cullinan Therapeutics from a “hold” rating to a “sell” rating in a report on Friday.

View Our Latest Research Report on Cullinan Therapeutics

Cullinan Therapeutics Stock Performance

CGEM stock opened at $12.50 on Friday. The company has a market cap of $738.45 million, a price-to-earnings ratio of -3.78 and a beta of -0.09. The business’s 50-day moving average is $10.71 and its two-hundred day moving average is $8.56. Cullinan Therapeutics has a fifty-two week low of $5.68 and a fifty-two week high of $13.33.

Cullinan Therapeutics (NASDAQ:CGEMGet Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.77) EPS for the quarter, beating the consensus estimate of ($0.95) by $0.18. Equities analysts predict that Cullinan Therapeutics will post -3.04 earnings per share for the current year.

Insider Transactions at Cullinan Therapeutics

In related news, insider Jacquelyn L. Sumer sold 3,480 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $9.67, for a total value of $33,651.60. Following the completion of the transaction, the insider owned 135,432 shares of the company’s stock, valued at approximately $1,309,627.44. This represents a 2.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jeffrey Alan Jones sold 4,632 shares of the firm’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $9.67, for a total value of $44,791.44. Following the sale, the insider directly owned 169,532 shares in the company, valued at approximately $1,639,374.44. This represents a 2.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 33,420 shares of company stock valued at $356,082. Company insiders own 7.16% of the company’s stock.

Hedge Funds Weigh In On Cullinan Therapeutics

A number of hedge funds have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd bought a new stake in Cullinan Therapeutics during the 1st quarter valued at approximately $163,000. Jane Street Group LLC grew its holdings in Cullinan Therapeutics by 145.9% during the 1st quarter. Jane Street Group LLC now owns 34,396 shares of the company’s stock valued at $260,000 after buying an additional 109,413 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Cullinan Therapeutics during the first quarter valued at approximately $618,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Cullinan Therapeutics during the second quarter valued at approximately $84,000. Finally, Corton Capital Inc. lifted its holdings in shares of Cullinan Therapeutics by 28.9% in the second quarter. Corton Capital Inc. now owns 21,712 shares of the company’s stock worth $163,000 after buying an additional 4,870 shares in the last quarter. Institutional investors own 86.31% of the company’s stock.

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Cullinan Therapeutics Company Profile

(Get Free Report)

Cullinan Therapeutics, Inc, a biopharmaceutical company, focuses on developing oncology therapies for cancer patients in the United States. The company's lead program comprises CLN-619, a monoclonal antibody that is in Phase I clinical trial for the treatment of solid tumors. Its development portfolio also includes CLN-049, a humanized bispecific antibody that is in Phase I clinical trial for the treatment of acute myeloid leukemia or myelodysplastic syndrome; CLN-418, a human bispecific immune activator that is in Phase 1 clinical trial for the treatment of multiple solid tumors; and Zipalertinib, a bioavailable small-molecule for treating patients with non-small cell lung cancer.

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Analyst Recommendations for Cullinan Therapeutics (NASDAQ:CGEM)

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