Slow Capital Inc. Takes $919,000 Position in Nektar Therapeutics (NKTR)
Slow Capital Inc. bought a new stake in shares of Nektar Therapeutics (NASDAQ:NKTR) during the 4th quarter, Holdings Channel reports. The firm bought 15,381 shares of the biopharmaceutical company’s stock, valued at approximately $919,000.
Other institutional investors have also made changes to their positions in the company. BB&T Investment Services Inc. bought a new stake in Nektar Therapeutics during the 4th quarter valued at $119,000. Meeder Asset Management Inc. bought a new stake in shares of Nektar Therapeutics in the 4th quarter worth $121,000. SeaCrest Wealth Management LLC bought a new stake in shares of Nektar Therapeutics in the 4th quarter worth $200,000. Kovack Advisors Inc. bought a new stake in shares of Nektar Therapeutics in the 4th quarter worth $240,000. Finally, Sicart Associates LLC bought a new stake in shares of Nektar Therapeutics in the 4th quarter worth $245,000. 96.21% of the stock is currently owned by hedge funds and other institutional investors.
In other Nektar Therapeutics news, Director Christopher A. Kuebler sold 30,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $58.66, for a total value of $1,759,800.00. Following the completion of the sale, the director now owns 70,500 shares of the company’s stock, valued at $4,135,530. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO John Nicholson sold 220,144 shares of the business’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $99.27, for a total value of $21,853,694.88. Following the completion of the sale, the chief operating officer now directly owns 267,657 shares of the company’s stock, valued at approximately $26,570,310.39. The disclosure for this sale can be found here. Insiders have sold 399,592 shares of company stock worth $36,001,781 in the last quarter. 5.44% of the stock is currently owned by corporate insiders.
Nektar Therapeutics stock opened at $106.91 on Thursday. The company has a quick ratio of 5.63, a current ratio of 5.82 and a debt-to-equity ratio of 2.79. The stock has a market capitalization of $17,250.93, a price-to-earnings ratio of -164.48 and a beta of 1.96. Nektar Therapeutics has a 1-year low of $17.33 and a 1-year high of $111.36.
Nektar Therapeutics (NASDAQ:NKTR) last issued its earnings results on Thursday, March 1st. The biopharmaceutical company reported ($0.21) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.35) by $0.14. The business had revenue of $95.47 million for the quarter, compared to analysts’ expectations of $36.96 million. Nektar Therapeutics had a negative return on equity of 156.85% and a negative net margin of 31.42%. The company’s quarterly revenue was up 154.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.28) EPS. analysts anticipate that Nektar Therapeutics will post -1.33 earnings per share for the current fiscal year.
Nektar Therapeutics Company Profile
Nektar Therapeutics is a biopharmaceutical company that discovers and develops medicines in areas of high unmet medical need. The Company’s research and development pipeline of new investigational drugs includes treatments for cancer, auto-immune disease and chronic pain. It leverages its chemistry platform to discover and design new drug candidates.
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