Nektar Therapeutics (NKTR) Director Sells $139,008.00 in Stock
Nektar Therapeutics (NASDAQ:NKTR) Director Robert Chess sold 6,400 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $21.72, for a total value of $139,008.00. Following the transaction, the director now directly owns 274,223 shares in the company, valued at approximately $5,956,123.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Nektar Therapeutics (NKTR) opened at 23.10 on Thursday. The stock’s market cap is $3.61 billion. The company’s 50 day moving average price is $20.15 and its 200-day moving average price is $19.77. Nektar Therapeutics has a 12-month low of $11.41 and a 12-month high of $24.88.
Nektar Therapeutics (NASDAQ:NKTR) last issued its earnings results on Tuesday, August 8th. The biopharmaceutical company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.04). The company had revenue of $34.60 million during the quarter, compared to analyst estimates of $33.64 million. Nektar Therapeutics had a negative net margin of 157.14% and a negative return on equity of 1,223.34%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.36) EPS. On average, analysts forecast that Nektar Therapeutics will post ($0.94) EPS for the current year.
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Several equities analysts have issued reports on NKTR shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $23.00 price objective on shares of Nektar Therapeutics in a report on Friday, July 21st. Zacks Investment Research raised Nektar Therapeutics from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Tuesday, August 1st. ValuEngine raised Nektar Therapeutics from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. William Blair reaffirmed an “outperform” rating on shares of Nektar Therapeutics in a report on Monday, June 26th. Finally, BidaskClub lowered Nektar Therapeutics from a “buy” rating to a “hold” rating in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. Nektar Therapeutics currently has a consensus rating of “Buy” and a consensus price target of $26.45.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NKTR. BlackRock Inc. raised its stake in Nektar Therapeutics by 180,432.9% during the first quarter. BlackRock Inc. now owns 20,035,546 shares of the biopharmaceutical company’s stock worth $470,234,000 after acquiring an additional 20,024,448 shares during the period. Janus Henderson Group PLC acquired a new stake in Nektar Therapeutics during the second quarter worth about $34,661,000. PointState Capital LP raised its stake in Nektar Therapeutics by 281.7% during the second quarter. PointState Capital LP now owns 1,731,000 shares of the biopharmaceutical company’s stock worth $33,841,000 after acquiring an additional 1,277,500 shares during the period. MARSHALL WACE ASIA Ltd acquired a new stake in Nektar Therapeutics during the first quarter worth about $23,580,000. Finally, Marshall Wace North America L.P. acquired a new stake in Nektar Therapeutics during the first quarter worth about $23,580,000. Hedge funds and other institutional investors own 95.08% of the company’s stock.
Nektar Therapeutics Company Profile
Nektar Therapeutics is a biopharmaceutical company that discovers and develops medicines in areas of high unmet medical need. The Company’s research and development pipeline of new investigational drugs includes treatments for cancer, auto-immune disease and chronic pain. It leverages its chemistry platform to discover and design new drug candidates.
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