Institutes For Biomed Novartis Sells 1,523,000 Shares of Intellia Therapeutics Inc (NTLA) Stock
Intellia Therapeutics Inc (NASDAQ:NTLA) major shareholder Institutes For Biomed Novartis sold 1,523,000 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $18.30, for a total value of $27,870,900.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Intellia Therapeutics Inc (NASDAQ:NTLA) opened at $18.37 on Friday. Intellia Therapeutics Inc has a one year low of $10.83 and a one year high of $33.34.
Intellia Therapeutics (NASDAQ:NTLA) last announced its earnings results on Tuesday, October 31st. The company reported ($0.44) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.50) by $0.06. Intellia Therapeutics had a negative return on equity of 28.01% and a negative net margin of 215.92%. The business had revenue of $7.30 million for the quarter, compared to analyst estimates of $5.83 million. During the same quarter last year, the firm earned ($0.22) EPS. Intellia Therapeutics’s revenue for the quarter was up 49.0% compared to the same quarter last year. equities analysts forecast that Intellia Therapeutics Inc will post -1.68 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in shares of Intellia Therapeutics during the 2nd quarter worth approximately $101,000. Bank of Montreal Can boosted its stake in shares of Intellia Therapeutics by 1,031.7% during the 2nd quarter. Bank of Montreal Can now owns 7,922 shares of the company’s stock worth $127,000 after acquiring an additional 7,222 shares during the period. Nationwide Fund Advisors boosted its stake in shares of Intellia Therapeutics by 117.7% during the 2nd quarter. Nationwide Fund Advisors now owns 8,048 shares of the company’s stock worth $129,000 after acquiring an additional 4,351 shares during the period. Nisa Investment Advisors LLC acquired a new stake in Intellia Therapeutics during the 2nd quarter worth approximately $134,000. Finally, State of Wisconsin Investment Board acquired a new stake in Intellia Therapeutics during the 2nd quarter worth approximately $160,000. Hedge funds and other institutional investors own 49.55% of the company’s stock.
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About Intellia Therapeutics
Intellia Therapeutics, Inc is a genome editing company. The Company is focused on developing therapeutics utilizing a biological tool known as CRISPR/Cas9. The CRISPR/Cas9 genome editing system includes two components: the Cas9 protein and the guide RNA sequence. The Cas9 protein acts like a pair of molecular scissors that initiates the natural cellular repair process to knockout, repair or insert a gene.
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