Editas Medicine Inc (NASDAQ:EDIT) CFO Andrew A. F. Hack sold 5,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $24.31, for a total value of $121,550.00. Following the sale, the chief financial officer now directly owns 5,000 shares of the company’s stock, valued at $121,550. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Editas Medicine Inc (EDIT) traded up $1.82 during midday trading on Friday, reaching $26.71. The company’s stock had a trading volume of 1,948,600 shares, compared to its average volume of 951,886. The company has a debt-to-equity ratio of 0.19, a current ratio of 10.12 and a quick ratio of 10.12. Editas Medicine Inc has a 52 week low of $13.12 and a 52 week high of $31.81.
Editas Medicine (NASDAQ:EDIT) last released its earnings results on Tuesday, November 7th. The company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.60) by ($0.04). The firm had revenue of $6.28 million during the quarter, compared to analyst estimates of $2.66 million. Editas Medicine had a negative net margin of 1,127.03% and a negative return on equity of 70.19%. The business’s revenue was up 553.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.59) earnings per share. sell-side analysts forecast that Editas Medicine Inc will post -2.92 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IHT Wealth Management LLC acquired a new position in Editas Medicine in the 2nd quarter valued at about $107,000. Great West Life Assurance Co. Can boosted its stake in shares of Editas Medicine by 519.9% in the 3rd quarter. Great West Life Assurance Co. Can now owns 4,959 shares of the company’s stock valued at $114,000 after buying an additional 4,159 shares during the period. Bank of America Corp DE boosted its stake in shares of Editas Medicine by 72.2% in the 1st quarter. Bank of America Corp DE now owns 5,936 shares of the company’s stock valued at $133,000 after buying an additional 2,489 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Editas Medicine in the 2nd quarter valued at about $127,000. Finally, Legal & General Group Plc boosted its stake in shares of Editas Medicine by 308.4% in the 2nd quarter. Legal & General Group Plc now owns 8,654 shares of the company’s stock valued at $145,000 after buying an additional 6,535 shares during the period. 65.74% of the stock is owned by institutional investors.
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About Editas Medicine
Editas Medicine, Inc is a genome editing company. It is engaged in treating patients with genetically defined diseases by correcting their disease-causing genes. It operates through developing and commercializing genome editing technology segment. It is developing a genome editing platform based on clustered, regularly interspaced short palindromic repeats (CRISPR) technology.
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