Insider Selling: Audentes Therapeutics Inc (BOLD) VP Sells 10,000 Shares of Stock
Audentes Therapeutics Inc (NASDAQ:BOLD) VP Suyash Prasad sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $36.98, for a total transaction of $369,800.00. Following the sale, the vice president now owns 28,236 shares in the company, valued at approximately $1,044,167.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Suyash Prasad also recently made the following trade(s):
- On Monday, February 25th, Suyash Prasad sold 10,000 shares of Audentes Therapeutics stock. The shares were sold at an average price of $30.06, for a total transaction of $300,600.00.
Shares of BOLD stock traded up $0.02 on Wednesday, hitting $38.23. The stock had a trading volume of 723,716 shares, compared to its average volume of 534,013. The company has a market capitalization of $1.63 billion, a P/E ratio of -11.17 and a beta of 1.85. Audentes Therapeutics Inc has a one year low of $17.95 and a one year high of $46.18.
A number of research firms recently weighed in on BOLD. William Blair reissued a “hold” rating on shares of Audentes Therapeutics in a report on Thursday, January 31st. Cowen reaffirmed a “buy” rating on shares of Audentes Therapeutics in a research note on Thursday, January 31st. Mizuho reissued a “buy” rating and set a $45.00 target price on shares of Audentes Therapeutics in a research note on Friday, February 1st. BidaskClub lowered shares of Audentes Therapeutics from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. Finally, Chardan Capital raised shares of Audentes Therapeutics from a “neutral” rating to a “buy” rating and boosted their target price for the company from $35.00 to $40.00 in a research note on Monday, February 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Audentes Therapeutics has an average rating of “Buy” and a consensus price target of $39.92.
Institutional investors have recently made changes to their positions in the business. BB Biotech AG bought a new position in Audentes Therapeutics in the fourth quarter worth about $16,404,000. Dimensional Fund Advisors LP bought a new position in Audentes Therapeutics in the third quarter worth about $6,708,000. Assenagon Asset Management S.A. bought a new position in Audentes Therapeutics in the fourth quarter worth about $1,539,000. Artal Group S.A. raised its holdings in Audentes Therapeutics by 140.0% in the fourth quarter. Artal Group S.A. now owns 600,000 shares of the biotechnology company’s stock worth $12,792,000 after purchasing an additional 350,000 shares in the last quarter. Finally, JGP Global Gestao de Recursos Ltda. bought a new position in Audentes Therapeutics in the first quarter worth about $264,000. Institutional investors and hedge funds own 97.81% of the company’s stock.
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Audentes Therapeutics Company Profile
Audentes Therapeutics, Inc, a clinical stage biotechnology company, focuses on developing and commercializing gene therapy products for patients living with serious, life-threatening rare diseases caused by single gene defects. The company is developing AT132, which is in Phase I/II clinical studies for the treatment of X-linked myotubular myopathy (XLMTM); AT342 that is in Phase I/II clinical studies to treat crigler-najjar syndrome; AT845, which is in preclinical studies for the treatment of pompe disease; and AT307 to treat CASQ2 subtype of catecholaminergic polymorphic ventricular tachycardia.
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