Fate Therapeutics Inc. (NASDAQ:FATE) Director William H. Rastetter acquired 375,939 shares of the stock in a transaction dated Wednesday, November 23rd. The shares were bought at an average price of $2.66 per share, with a total value of $999,997.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Fate Therapeutics Inc. (NASDAQ:FATE) opened at 3.09 on Tuesday. The firm has a 50-day moving average price of $2.51 and a 200-day moving average price of $2.28. The firm’s market cap is $105.52 million. Fate Therapeutics Inc. has a 52 week low of $1.46 and a 52 week high of $4.67.

Fate Therapeutics (NASDAQ:FATE) last posted its quarterly earnings data on Monday, November 7th. The biopharmaceutical company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.02. Fate Therapeutics had a negative return on equity of 112.48% and a negative net margin of 740.69%. On average, equities research analysts predict that Fate Therapeutics Inc. will post ($1.14) earnings per share for the current year.

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FATE has been the subject of a number of research analyst reports. BMO Capital Markets set a $4.00 target price on Fate Therapeutics and gave the stock a “buy” rating in a report on Monday, August 8th. HC Wainwright reiterated a “buy” rating on shares of Fate Therapeutics in a report on Tuesday, August 9th. Zacks Investment Research upgraded Fate Therapeutics from a “hold” rating to a “buy” rating and set a $2.75 target price for the company in a report on Thursday, August 11th. Roth Capital initiated coverage on Fate Therapeutics in a report on Thursday, September 22nd. They issued a “buy” rating and a $8.00 target price for the company. Finally, Wedbush lowered their target price on Fate Therapeutics from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Tuesday, November 8th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Fate Therapeutics currently has a consensus rating of “Buy” and an average price target of $5.79.

Several institutional investors have recently bought and sold shares of the company. Northern Trust Corp boosted its stake in shares of Fate Therapeutics by 51.3% in the third quarter. Northern Trust Corp now owns 38,625 shares of the biopharmaceutical company’s stock valued at $121,000 after buying an additional 13,094 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Fate Therapeutics by 7.8% in the second quarter. Bank of New York Mellon Corp now owns 68,444 shares of the biopharmaceutical company’s stock valued at $117,000 after buying an additional 4,941 shares in the last quarter. BlackRock Fund Advisors boosted its stake in shares of Fate Therapeutics by 26.2% in the second quarter. BlackRock Fund Advisors now owns 75,572 shares of the biopharmaceutical company’s stock valued at $128,000 after buying an additional 15,701 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Fate Therapeutics during the second quarter valued at $137,000. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Fate Therapeutics by 448.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 204,447 shares of the biopharmaceutical company’s stock valued at $368,000 after buying an additional 167,194 shares in the last quarter. Hedge funds and other institutional investors own 57.07% of the company’s stock.

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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