Brian A. Leuthner Sells 2,500 Shares of Edge Therapeutics Inc (EDGE) Stock
Edge Therapeutics Inc (NASDAQ:EDGE) CEO Brian A. Leuthner sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $9.94, for a total value of $24,850.00. Following the transaction, the chief executive officer now owns 117,736 shares in the company, valued at $1,170,295.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Edge Therapeutics Inc (EDGE) traded down 1.30% during trading on Friday, reaching $10.59. The company’s stock had a trading volume of 29,511 shares. The company’s 50 day moving average price is $10.60 and its 200 day moving average price is $9.89. The company’s market cap is $326.71 million. Edge Therapeutics Inc has a 52 week low of $7.30 and a 52 week high of $13.50.
Edge Therapeutics (NASDAQ:EDGE) last posted its quarterly earnings data on Tuesday, August 1st. The biotechnology company reported ($0.44) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.44). On average, equities analysts anticipate that Edge Therapeutics Inc will post ($1.87) earnings per share for the current fiscal year.
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Several research firms have weighed in on EDGE. BidaskClub upgraded Edge Therapeutics from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research lowered Edge Therapeutics from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd.
Hedge funds have recently modified their holdings of the company. Voya Investment Management LLC bought a new stake in shares of Edge Therapeutics in the 2nd quarter valued at about $106,000. Wells Fargo & Company MN raised its holdings in shares of Edge Therapeutics by 1.7% in the 1st quarter. Wells Fargo & Company MN now owns 11,942 shares of the biotechnology company’s stock valued at $109,000 after purchasing an additional 200 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Edge Therapeutics by 16.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,959 shares of the biotechnology company’s stock valued at $123,000 after purchasing an additional 1,733 shares during the period. State of Wisconsin Investment Board bought a new stake in shares of Edge Therapeutics in the 2nd quarter valued at about $154,000. Finally, Trexquant Investment LP bought a new stake in shares of Edge Therapeutics in the 1st quarter valued at about $143,000. 49.38% of the stock is currently owned by institutional investors.
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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