Edge Therapeutics, Inc. (EDGE) Insider Sells $76,575.00 in Stock
Edge Therapeutics, Inc. (NASDAQ:EDGE) insider Brian A. Leuthner sold 7,500 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $10.21, for a total transaction of $76,575.00. Following the sale, the insider now owns 117,736 shares in the company, valued at approximately $1,202,084.56. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Edge Therapeutics, Inc. (NASDAQ:EDGE) traded up 5.52% during mid-day trading on Wednesday, hitting $10.51. 70,286 shares of the company traded hands. The firm has a 50 day moving average of $10.58 and a 200 day moving average of $9.88. The firm’s market capitalization is $324.24 million. Edge Therapeutics, Inc. has a one year low of $7.30 and a one year high of $13.50.
Edge Therapeutics (NASDAQ:EDGE) last posted its earnings results on Tuesday, August 1st. The biotechnology company reported ($0.44) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.44). Equities research analysts expect that Edge Therapeutics, Inc. will post ($1.87) earnings per share for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of the stock. Trexquant Investment LP purchased a new position in Edge Therapeutics in the 1st quarter worth approximately $143,000. Teachers Advisors LLC grew its stake in Edge Therapeutics by 8.2% in the 4th quarter. Teachers Advisors LLC now owns 28,353 shares of the biotechnology company’s stock worth $354,000 after buying an additional 2,150 shares in the last quarter. Spark Investment Management LLC purchased a new position in Edge Therapeutics in the 1st quarter worth approximately $157,000. TFS Capital LLC purchased a new position in Edge Therapeutics in the 1st quarter worth approximately $209,000. Finally, Wells Fargo & Company MN grew its stake in Edge Therapeutics by 1.7% in the 1st quarter. Wells Fargo & Company MN now owns 11,942 shares of the biotechnology company’s stock worth $109,000 after buying an additional 200 shares in the last quarter. 49.38% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently issued reports on EDGE. BidaskClub upgraded shares of Edge Therapeutics from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research lowered shares of Edge Therapeutics from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd.
About Edge Therapeutics
Edge Therapeutics, Inc is a clinical-stage biotechnology company that discovers, develops and seeks to commercialize hospital-based therapies capable of transforming treatment paradigms in the management of acute, life-threatening critical care conditions. The Company’s initial product candidates target rare, acute, life-threatening neurological and other conditions.
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