Insider Selling: Natera Inc. (NTRA) Insider Sells 1,600 Shares of Stock
Natera Inc. (NASDAQ:NTRA) insider Jonathan Sheena sold 1,600 shares of the company’s stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $12.00, for a total transaction of $19,200.00. Following the transaction, the insider now owns 617,151 shares of the company’s stock, valued at approximately $7,405,812. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Natera Inc. (NASDAQ:NTRA) opened at 11.46 on Friday. Natera Inc. has a 52 week low of $6.52 and a 52 week high of $13.80. The company’s 50-day moving average is $10.41 and its 200 day moving average is $11.10. The stock’s market cap is $593.41 million.
Natera (NASDAQ:NTRA) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.46) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.48) by $0.02. Natera had a negative net margin of 34.23% and a negative return on equity of 39.38%. The company had revenue of $52 million for the quarter, compared to the consensus estimate of $50.64 million. During the same period last year, the firm posted ($0.40) EPS. Natera’s revenue for the quarter was up 15.3% on a year-over-year basis. Analysts forecast that Natera Inc. will post ($1.73) earnings per share for the current fiscal year.
Several research analysts recently weighed in on NTRA shares. TheStreet downgraded shares of Natera from a “hold” rating to a “sell” rating in a research report on Friday, September 9th. Morgan Stanley set a $20.00 price target on shares of Natera and gave the stock a “buy” rating in a research report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $16.67.
A number of hedge funds and other institutional investors have recently modified their holdings of NTRA. Murphy Michael R increased its stake in shares of Natera by 2.8% in the second quarter. Murphy Michael R now owns 1,729,013 shares of the company’s stock valued at $20,861,000 after buying an additional 46,591 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Natera by 16.5% in the second quarter. Vanguard Group Inc. now owns 1,636,821 shares of the company’s stock valued at $19,748,000 after buying an additional 231,758 shares during the last quarter. EverPoint Asset Management LLC purchased a new stake in shares of Natera during the second quarter valued at $9,652,000. BlackRock Fund Advisors increased its stake in shares of Natera by 163.6% in the second quarter. BlackRock Fund Advisors now owns 618,272 shares of the company’s stock valued at $7,459,000 after buying an additional 383,757 shares during the last quarter. Finally, Lord Abbett & CO. LLC purchased a new stake in shares of Natera during the second quarter valued at $6,277,000. 63.00% of the stock is currently owned by institutional investors.
Natera Company Profile
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