Natera Inc. (NTRA) CEO Sells $1,834,450.00 in Stock
Natera Inc. (NASDAQ:NTRA) CEO Matthew Rabinowitz sold 146,756 shares of the stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $12.50, for a total value of $1,834,450.00. Following the completion of the sale, the chief executive officer now directly owns 2,020,876 shares of the company’s stock, valued at approximately $25,260,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Natera Inc. (NASDAQ:NTRA) traded down 1.40% on Monday, hitting $12.00. The stock had a trading volume of 226,889 shares. The company’s 50-day moving average price is $10.42 and its 200 day moving average price is $11.27. The firm’s market cap is $628.58 million. Natera Inc. has a one year low of $6.52 and a one year high of $13.80.
Natera (NASDAQ:NTRA) last announced its quarterly earnings results on Wednesday, November 9th. The company reported ($0.50) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.55) by $0.05. The business had revenue of $53.89 million for the quarter, compared to analyst estimates of $48.14 million. Natera had a negative return on equity of 48.24% and a negative net margin of 36.64%. The company’s quarterly revenue was up 20.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.39) EPS. Analysts expect that Natera Inc. will post ($1.68) earnings per share for the current year.
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Large investors have recently made changes to their positions in the company. BlackRock Advisors LLC raised its stake in shares of Natera by 136.9% in the second quarter. BlackRock Advisors LLC now owns 8,738 shares of the company’s stock valued at $105,000 after buying an additional 5,050 shares during the period. BlackRock Group LTD bought a new stake in Natera during the second quarter worth about $127,000. SG Americas Securities LLC bought a new stake in Natera during the second quarter worth about $139,000. Societe Generale bought a new stake in Natera during the second quarter worth about $139,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Natera during the second quarter worth about $173,000. 65.02% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have issued reports on the company. Morgan Stanley set a $20.00 target price on Natera and gave the stock a “buy” rating in a research note on Friday, August 5th. TheStreet cut Natera from a “hold” rating to a “sell” rating in a research note on Friday, September 9th. Finally, Benchmark Co. raised their target price on Natera from $16.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, November 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $17.33.
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