Atara Biotherapeutics Inc (ATRA) CEO Sells $332,748.00 in Stock

Atara Biotherapeutics Inc (NASDAQ:ATRA) CEO Isaac E. Ciechanover sold 7,800 shares of the firm’s stock in a transaction that occurred on Thursday, December 13th. The shares were sold at an average price of $42.66, for a total transaction of $332,748.00. Following the transaction, the chief executive officer now directly owns 733,285 shares of the company’s stock, valued at approximately $31,281,938.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of ATRA opened at $41.72 on Friday. Atara Biotherapeutics Inc has a twelve month low of $14.50 and a twelve month high of $54.45.

Atara Biotherapeutics (NASDAQ:ATRA) last announced its quarterly earnings results on Tuesday, November 6th. The biotechnology company reported ($1.29) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.13) by ($0.16). On average, analysts forecast that Atara Biotherapeutics Inc will post -4.82 earnings per share for the current fiscal year.

A number of brokerages have weighed in on ATRA. BidaskClub raised shares of Atara Biotherapeutics from a “sell” rating to a “hold” rating in a research note on Friday, August 24th. Zacks Investment Research raised shares of Atara Biotherapeutics from a “sell” rating to a “hold” rating in a research report on Friday, December 7th. Finally, Cowen reissued a “buy” rating on shares of Atara Biotherapeutics in a research report on Friday, November 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $47.80.

Institutional investors and hedge funds have recently made changes to their positions in the stock. State of Wisconsin Investment Board increased its position in shares of Atara Biotherapeutics by 53.9% during the second quarter. State of Wisconsin Investment Board now owns 41,400 shares of the biotechnology company’s stock valued at $1,521,000 after acquiring an additional 14,500 shares in the last quarter. Rhumbline Advisers increased its position in shares of Atara Biotherapeutics by 16.9% during the second quarter. Rhumbline Advisers now owns 39,238 shares of the biotechnology company’s stock valued at $1,442,000 after acquiring an additional 5,673 shares in the last quarter. United Services Automobile Association increased its position in shares of Atara Biotherapeutics by 28.4% during the second quarter. United Services Automobile Association now owns 8,132 shares of the biotechnology company’s stock valued at $299,000 after acquiring an additional 1,797 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Atara Biotherapeutics by 35.6% during the third quarter. JPMorgan Chase & Co. now owns 1,202,912 shares of the biotechnology company’s stock valued at $49,741,000 after acquiring an additional 315,921 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new stake in shares of Atara Biotherapeutics during the first quarter valued at approximately $214,000.

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Atara Biotherapeutics Company Profile

Atara Biotherapeutics, Inc, an off-the-shelf T-cell immunotherapy company, develops treatments for patients with cancer, autoimmune, and viral diseases in the United States. The company is developing tabelecleucel, an advanced T-cell immunotherapy that is Phase III clinical trials for the treatment of rituximab-refractory epstein-barr virus (EBV) associated post-transplant lymphoproliferative disorder, as well as other EBV associated hematologic and solid tumors, including nasopharyngeal carcinoma.

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