Brian A. Leuthner Sells 7,500 Shares of Edge Therapeutics, Inc. (EDGE) Stock
Edge Therapeutics, Inc. (NASDAQ:EDGE) insider Brian A. Leuthner sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $10.96, for a total transaction of $82,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Edge Therapeutics, Inc. (EDGE) opened at 11.04 on Friday. Edge Therapeutics, Inc. has a 52-week low of $7.30 and a 52-week high of $13.50. The stock’s market capitalization is $340.60 million. The stock has a 50 day moving average of $10.22 and a 200 day moving average of $9.98.
Edge Therapeutics (NASDAQ:EDGE) last posted its quarterly earnings results on Tuesday, August 1st. The biotechnology company reported ($0.44) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.44). Analysts forecast that Edge Therapeutics, Inc. will post ($1.87) earnings per share for the current year.
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Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Edge Therapeutics from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. BidaskClub cut shares of Edge Therapeutics from a “buy” rating to a “hold” rating in a research report on Monday, August 14th.
Several hedge funds and other institutional investors have recently bought and sold shares of EDGE. Janus Henderson Group PLC bought a new position in shares of Edge Therapeutics in the second quarter worth about $21,962,000. State Street Corp grew its holdings in shares of Edge Therapeutics by 16.3% in the second quarter. State Street Corp now owns 277,352 shares of the biotechnology company’s stock worth $2,847,000 after purchasing an additional 38,909 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Edge Therapeutics in the second quarter worth about $374,000. Renaissance Technologies LLC bought a new position in shares of Edge Therapeutics in the first quarter worth about $297,000. Finally, Franklin Resources Inc. grew its holdings in shares of Edge Therapeutics by 1.1% in the second quarter. Franklin Resources Inc. now owns 2,663,123 shares of the biotechnology company’s stock worth $27,324,000 after purchasing an additional 30,100 shares during the last quarter. Hedge funds and other institutional investors own 49.38% of the company’s stock.
Edge Therapeutics Company Profile
Edge Therapeutics, Inc is a clinical-stage biotechnology company that discovers, develops and seeks to commercialize hospital-based therapies capable of transforming treatment paradigms in the management of acute, life-threatening critical care conditions. The Company’s initial product candidates target rare, acute, life-threatening neurological and other conditions.
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