Crispr Therapeutics AG (CRSP) CEO Sells $894,000.00 in Stock
Crispr Therapeutics AG (NASDAQ:CRSP) CEO Rodger Novak sold 50,000 shares of the firm’s stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $17.88, for a total transaction of $894,000.00. Following the sale, the chief executive officer now owns 1,262,711 shares of the company’s stock, valued at $22,577,272.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of Crispr Therapeutics AG (NASDAQ:CRSP) traded down 1.85% during mid-day trading on Friday, hitting $16.97. 102,831 shares of the stock were exchanged. The stock has a 50-day moving average price of $20.11 and a 200 day moving average price of $19.22. Crispr Therapeutics AG has a 52-week low of $11.63 and a 52-week high of $25.00. The firm’s market cap is $675.58 million.
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A number of analysts have weighed in on CRSP shares. Piper Jaffray Companies set a $21.00 price objective on shares of Crispr Therapeutics AG and gave the company a “buy” rating in a research note on Thursday, February 16th. Chardan Capital started coverage on shares of Crispr Therapeutics AG in a research note on Monday, March 27th. They set a “buy” rating and a $23.50 price objective for the company. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $23.10.
A number of institutional investors have recently modified their holdings of the company. Clough Capital Partners L P purchased a new stake in shares of Crispr Therapeutics AG during the fourth quarter worth approximately $16,676,000. Franklin Resources Inc. purchased a new stake in shares of Crispr Therapeutics AG during the fourth quarter worth approximately $14,389,000. New Leaf Venture Partners L.L.C. purchased a new stake in shares of Crispr Therapeutics AG during the fourth quarter worth approximately $11,882,000. Orbimed Advisors LLC purchased a new stake in shares of Crispr Therapeutics AG during the fourth quarter worth approximately $7,541,000. Finally, Novo A S purchased a new stake in shares of Crispr Therapeutics AG during the fourth quarter worth approximately $4,524,000. Institutional investors own 0.01% of the company’s stock.
Crispr Therapeutics AG Company Profile
Crispr Therapeutics AG is a Switzerland-based gene-editing company. The Company focuses on the development of transformative gene-based medicines for serious diseases using its Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR)/Cas9 gene-editing platform. CRISPR/Cas9 can be programmed to cut, edit and correct disease-associated deoxyribonucleic acid (DNA) in a patient’s cell.
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