Matthew R. Patterson Sells 15,000 Shares of Audentes Therapeutics, Inc. (BOLD) Stock
Audentes Therapeutics, Inc. (NASDAQ:BOLD) CEO Matthew R. Patterson sold 15,000 shares of the stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $20.00, for a total transaction of $300,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Audentes Therapeutics, Inc. (BOLD) traded up 5.68% during trading on Friday, reaching $17.50. 257,481 shares of the company’s stock were exchanged. The stock’s market cap is $383.06 million. Audentes Therapeutics, Inc. has a 12-month low of $13.13 and a 12-month high of $22.82. The company has a 50 day moving average of $19.92 and a 200 day moving average of $16.80.
Audentes Therapeutics (NASDAQ:BOLD) last issued its earnings results on Thursday, August 10th. The biotechnology company reported ($0.87) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.77) by $0.10. Equities research analysts anticipate that Audentes Therapeutics, Inc. will post ($3.46) EPS for the current year.
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Several hedge funds and other institutional investors have recently modified their holdings of BOLD. Jennison Associates LLC boosted its position in shares of Audentes Therapeutics by 182.4% in the second quarter. Jennison Associates LLC now owns 846,273 shares of the biotechnology company’s stock valued at $16,189,000 after buying an additional 546,617 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Audentes Therapeutics by 130.3% in the second quarter. Vanguard Group Inc. now owns 678,412 shares of the biotechnology company’s stock valued at $12,978,000 after buying an additional 383,837 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Audentes Therapeutics by 31.5% in the second quarter. Alliancebernstein L.P. now owns 640,654 shares of the biotechnology company’s stock valued at $12,256,000 after buying an additional 153,617 shares during the last quarter. Northern Trust Corp boosted its position in shares of Audentes Therapeutics by 238.0% in the second quarter. Northern Trust Corp now owns 184,173 shares of the biotechnology company’s stock valued at $3,524,000 after buying an additional 129,681 shares during the last quarter. Finally, Sphera Funds Management LTD. bought a new position in shares of Audentes Therapeutics during the second quarter valued at about $2,870,000. Institutional investors and hedge funds own 57.52% of the company’s stock.
A number of analysts recently weighed in on the stock. ValuEngine lowered shares of Audentes Therapeutics from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research lowered shares of Audentes Therapeutics from a “buy” rating to a “hold” rating in a research report on Tuesday. Wedbush reissued an “ourperform” rating and issued a $20.00 price objective on shares of Audentes Therapeutics in a research report on Monday, May 15th. Finally, Leerink Swann assumed coverage on shares of Audentes Therapeutics in a research report on Monday, May 1st. They issued an “outperform” rating and a $22.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $22.25.
About Audentes Therapeutics
Audentes Therapeutics, Inc is an early-stage biotechnology company. The Company is focused on developing and commercializing gene therapy products for patients suffering from serious, life-threatening rare diseases caused by single gene defects. The Company has a portfolio of product candidates, including AT132 for the treatment of X-Linked Myotubular Myopathy (XLMTM); AT342 for the treatment of Crigler-Najjar Syndrome (Crigler-Najjar); AT982 for the treatment of Pompe disease, and AT307 for the treatment of the CASQ2 subtype of Catecholaminergic Polymorphic Ventricular Tachycardia (CASQ2-CPVT).
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