Corp /De/ Celgene Sells 27,990 Shares of Crispr Therapeutics AG (CRSP) Stock

Crispr Therapeutics AG (NASDAQ:CRSP) major shareholder Corp /De/ Celgene sold 27,990 shares of Crispr Therapeutics stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $19.75, for a total value of $552,802.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Corp /De/ Celgene also recently made the following trade(s):

  • On Friday, December 1st, Corp /De/ Celgene sold 87,991 shares of Crispr Therapeutics stock. The stock was sold at an average price of $19.10, for a total value of $1,680,628.10.
  • On Wednesday, November 29th, Corp /De/ Celgene sold 4,263 shares of Crispr Therapeutics stock. The stock was sold at an average price of $19.25, for a total value of $82,062.75.
  • On Friday, November 24th, Corp /De/ Celgene sold 26,010 shares of Crispr Therapeutics stock. The stock was sold at an average price of $20.00, for a total value of $520,200.00.
  • On Wednesday, November 22nd, Corp /De/ Celgene sold 256,000 shares of Crispr Therapeutics stock. The shares were sold at an average price of $19.76, for a total value of $5,058,560.00.
  • On Monday, November 20th, Corp /De/ Celgene sold 158,718 shares of Crispr Therapeutics stock. The shares were sold at an average price of $19.02, for a total value of $3,018,816.36.
  • On Friday, November 17th, Corp /De/ Celgene sold 51,282 shares of Crispr Therapeutics stock. The shares were sold at an average price of $18.44, for a total value of $945,640.08.
  • On Wednesday, November 15th, Corp /De/ Celgene sold 15,000 shares of Crispr Therapeutics stock. The shares were sold at an average price of $17.67, for a total value of $265,050.00.
  • On Monday, November 13th, Corp /De/ Celgene sold 65,093 shares of Crispr Therapeutics stock. The shares were sold at an average price of $17.76, for a total value of $1,156,051.68.
  • On Friday, November 10th, Corp /De/ Celgene sold 10,000 shares of Crispr Therapeutics stock. The shares were sold at an average price of $17.28, for a total value of $172,800.00.
  • On Wednesday, November 8th, Corp /De/ Celgene sold 16,875 shares of Crispr Therapeutics stock. The shares were sold at an average price of $18.06, for a total value of $304,762.50.

Shares of Crispr Therapeutics AG (NASDAQ:CRSP) traded up $0.01 during midday trading on Thursday, reaching $18.53. The company’s stock had a trading volume of 197,500 shares, compared to its average volume of 142,711. Crispr Therapeutics AG has a 52-week low of $11.63 and a 52-week high of $25.00.

Crispr Therapeutics (NASDAQ:CRSP) last issued its quarterly earnings data on Wednesday, November 8th. The company reported ($0.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.02). Crispr Therapeutics had a negative net margin of 466.58% and a negative return on equity of 38.42%. The firm had revenue of $2.39 million during the quarter, compared to analyst estimates of $3.61 million. During the same period in the prior year, the company earned ($2.77) earnings per share. The business’s quarterly revenue was up 54.2% compared to the same quarter last year. equities research analysts predict that Crispr Therapeutics AG will post -2.46 earnings per share for the current year.

A number of brokerages have recently issued reports on CRSP. Barclays reiterated a “buy” rating and set a $29.00 price objective on shares of Crispr Therapeutics in a research note on Friday, September 8th. SunTrust Banks reiterated a “hold” rating and set a $16.00 price objective on shares of Crispr Therapeutics in a research note on Friday, November 10th. Chardan Capital reiterated a “buy” rating on shares of Crispr Therapeutics in a research note on Monday, August 14th. Cann reiterated a “hold” rating on shares of Crispr Therapeutics in a research note on Thursday, November 9th. Finally, BidaskClub cut Crispr Therapeutics from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $22.38.

A number of hedge funds and other institutional investors have recently modified their holdings of CRSP. Wells Fargo & Company MN grew its holdings in shares of Crispr Therapeutics by 459.7% during the 2nd quarter. Wells Fargo & Company MN now owns 7,987 shares of the company’s stock worth $128,000 after purchasing an additional 6,560 shares in the last quarter. Capital Investment Advisory Services LLC acquired a new stake in shares of Crispr Therapeutics during the 3rd quarter worth $193,000. Ark Investment Management LLC acquired a new stake in shares of Crispr Therapeutics during the 2nd quarter worth $206,000. Moloney Securities Asset Management LLC acquired a new stake in shares of Crispr Therapeutics during the 3rd quarter worth $235,000. Finally, Vanguard Group Inc. acquired a new stake in shares of Crispr Therapeutics during the 2nd quarter worth $273,000. 24.55% of the stock is currently owned by hedge funds and other institutional investors.

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Crispr Therapeutics Company Profile

Crispr Therapeutics AG is a Switzerland-based gene-editing company. The Company focuses on the development of transformative gene-based medicines for serious diseases using its Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR)/Cas9 gene-editing platform. CRISPR/Cas9 can be programmed to cut, edit and correct disease-associated deoxyribonucleic acid (DNA) in a patient’s cell.

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