Intellia Therapeutics Inc (NTLA) CEO Sells $6,998,350.74 in Stock
Intellia Therapeutics Inc (NASDAQ:NTLA) CEO Nessan Bermingham sold 336,783 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $20.78, for a total transaction of $6,998,350.74. Following the completion of the transaction, the chief executive officer now directly owns 696,000 shares in the company, valued at approximately $14,462,880. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Nessan Bermingham also recently made the following trade(s):
- On Wednesday, December 6th, Nessan Bermingham sold 111,500 shares of Intellia Therapeutics stock. The stock was sold at an average price of $20.34, for a total transaction of $2,267,910.00.
Intellia Therapeutics Inc (NASDAQ:NTLA) opened at $21.22 on Monday. Intellia Therapeutics Inc has a 12 month low of $10.83 and a 12 month high of $33.34.
NTLA has been the topic of several research analyst reports. Jefferies Group set a $42.00 price target on shares of Intellia Therapeutics and gave the stock a “buy” rating in a report on Tuesday, October 31st. Leerink Swann upped their price target on shares of Intellia Therapeutics from $29.00 to $37.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. They noted that the move was a valuation call. Barclays reaffirmed a “buy” rating on shares of Intellia Therapeutics in a report on Sunday, November 5th. ValuEngine cut shares of Intellia Therapeutics from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Finally, Chardan Capital cut Intellia Therapeutics from a “buy” rating to a “neutral” rating and set a $20.00 target price on the stock. in a research note on Tuesday, August 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $30.17.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in shares of Intellia Therapeutics during the second quarter worth about $101,000. Bank of Montreal Can boosted its holdings in shares of Intellia Therapeutics by 1,031.7% during the second quarter. Bank of Montreal Can now owns 7,922 shares of the company’s stock worth $127,000 after purchasing an additional 7,222 shares during the period. Nationwide Fund Advisors boosted its holdings in shares of Intellia Therapeutics by 117.7% during the second quarter. Nationwide Fund Advisors now owns 8,048 shares of the company’s stock worth $129,000 after purchasing an additional 4,351 shares during the period. Nisa Investment Advisors LLC purchased a new stake in shares of Intellia Therapeutics during the second quarter worth about $134,000. Finally, State of Wisconsin Investment Board purchased a new stake in shares of Intellia Therapeutics during the second quarter worth about $160,000. Institutional investors and hedge funds own 49.53% of the company’s stock.
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Intellia Therapeutics Company Profile
Intellia Therapeutics, Inc is a genome editing company. The Company is focused on developing therapeutics utilizing a biological tool known as CRISPR/Cas9. The CRISPR/Cas9 genome editing system includes two components: the Cas9 protein and the guide RNA sequence. The Cas9 protein acts like a pair of molecular scissors that initiates the natural cellular repair process to knockout, repair or insert a gene.
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