Mirati Therapeutics Inc (NASDAQ:MRTX) major shareholder Venbio Select Advisor Llc sold 23,781 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $72.80, for a total value of $1,731,256.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Venbio Select Advisor Llc also recently made the following trade(s):

  • On Monday, March 18th, Venbio Select Advisor Llc sold 125,000 shares of Mirati Therapeutics stock. The stock was sold at an average price of $76.55, for a total value of $9,568,750.00.
  • On Wednesday, February 20th, Venbio Select Advisor Llc sold 686,820 shares of Mirati Therapeutics stock. The stock was sold at an average price of $73.00, for a total value of $50,137,860.00.

Shares of NASDAQ:MRTX traded down $0.42 during trading on Wednesday, hitting $72.77. The company had a trading volume of 446,032 shares, compared to its average volume of 734,769. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of -22.81 and a beta of 2.12. Mirati Therapeutics Inc has a one year low of $24.65 and a one year high of $80.00.

Several large investors have recently bought and sold shares of the company. United Services Automobile Association lifted its stake in shares of Mirati Therapeutics by 2.5% during the 4th quarter. United Services Automobile Association now owns 7,222 shares of the biotechnology company’s stock worth $306,000 after acquiring an additional 173 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in shares of Mirati Therapeutics by 12.9% during the 4th quarter. Meeder Asset Management Inc. now owns 2,087 shares of the biotechnology company’s stock worth $89,000 after acquiring an additional 239 shares during the last quarter. TD Asset Management Inc. lifted its stake in shares of Mirati Therapeutics by 1.9% during the 4th quarter. TD Asset Management Inc. now owns 15,800 shares of the biotechnology company’s stock worth $670,000 after acquiring an additional 300 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Mirati Therapeutics by 16.5% during the 4th quarter. Legal & General Group Plc now owns 3,635 shares of the biotechnology company’s stock worth $154,000 after acquiring an additional 515 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Mirati Therapeutics by 0.5% during the 4th quarter. Northern Trust Corp now owns 274,475 shares of the biotechnology company’s stock worth $11,643,000 after acquiring an additional 1,444 shares during the last quarter.

MRTX has been the subject of several research analyst reports. Oppenheimer set a $81.00 target price on Mirati Therapeutics and gave the stock a “buy” rating in a research report on Thursday, March 7th. Piper Jaffray Companies initiated coverage on Mirati Therapeutics in a research report on Friday, February 15th. They set an “overweight” rating and a $85.00 target price for the company. Zacks Investment Research cut Mirati Therapeutics from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Svb Leerink reiterated an “outperform” rating on shares of Mirati Therapeutics in a research report on Friday, February 15th. Finally, Cantor Fitzgerald initiated coverage on Mirati Therapeutics in a research report on Monday, March 4th. They set a “neutral” rating and a $66.00 target price for the company. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $67.20.

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About Mirati Therapeutics

Mirati Therapeutics, Inc, a clinical-stage oncology company, develops targeted therapeutics to address the genetic, epigenetic, and immunological promoters of cancer. The company is involved in developing sitravatinib, an oral spectrum-selective kinase inhibitor, which is in Phase II clinical for the treatment of solid tumor; and in Phase Ib clinical trial to treat non-small cell lung cancer (NCSLC) patients with CBL, chromosome 4q12, and RET genetic alterations, as well as mocetinostat, an orally administered spectrum-selective Class 1 histone deacetylase inhibitor that is in Phase II clinical trial in combination with durvalumab for the treatment of patients with NSCLC.

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