Sphera Funds Management LTD. Invests $2.75 Million in Clementia Pharmaceuticals Inc. (CMTA) Stock
Sphera Funds Management LTD. purchased a new stake in shares of Clementia Pharmaceuticals Inc. (NASDAQ:CMTA) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 163,000 shares of the company’s stock, valued at approximately $2,753,000. Sphera Funds Management LTD. owned 0.53% of Clementia Pharmaceuticals as of its most recent SEC filing.
Separately, Victory Capital Management Inc. bought a new stake in Clementia Pharmaceuticals during the third quarter valued at about $520,000. 15.02% of the stock is owned by hedge funds and other institutional investors.
CMTA has been the topic of a number of recent analyst reports. Morgan Stanley initiated coverage on Clementia Pharmaceuticals in a report on Monday, August 28th. They set an “overweight” rating and a $27.00 price target on the stock. Wedbush started coverage on Clementia Pharmaceuticals in a report on Monday, August 28th. They set an “outperform” rating and a $26.00 price target on the stock. Leerink Swann started coverage on Clementia Pharmaceuticals in a report on Monday, August 28th. They issued an “outperform” rating and a $23.00 target price on the stock. Finally, BTIG Research started coverage on Clementia Pharmaceuticals in a report on Thursday, August 31st. They issued a “buy” rating and a $32.00 target price on the stock.
Shares of Clementia Pharmaceuticals Inc. (CMTA) opened at $16.43 on Friday. Clementia Pharmaceuticals Inc. has a twelve month low of $15.05 and a twelve month high of $18.95.
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Clementia Pharmaceuticals Profile
Clementia Pharmaceuticals Inc is a clinical stage biopharmaceutical company. The Company is engaged in developing disease-modifying treatments for patients suffering from debilitating bone and other diseases with high unmet medical need. Its lead product candidate, palovarotene, is an oral small molecule that binds and activates retinoic acid receptor gamma (an RARg agonist), and has activity in preventing abnormal new bone formation as well as scar tissue formation (or fibrosis) in a variety of tissues in animal models.
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