Insider Selling: Nektar Therapeutics (NASDAQ:NKTR) Insider Sells 21,673 Shares of Stock

Nektar Therapeutics (NASDAQ:NKTRGet Rating) insider Jonathan Zalevsky sold 21,673 shares of the stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $3.95, for a total transaction of $85,608.35. Following the completion of the sale, the insider now directly owns 276,399 shares in the company, valued at $1,091,776.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Jonathan Zalevsky also recently made the following trade(s):

  • On Wednesday, February 16th, Jonathan Zalevsky sold 10,912 shares of Nektar Therapeutics stock. The stock was sold at an average price of $10.95, for a total transaction of $119,486.40.

NASDAQ NKTR opened at $3.94 on Wednesday. The firm’s 50 day moving average price is $5.22 and its 200-day moving average price is $9.78. Nektar Therapeutics has a 52-week low of $3.52 and a 52-week high of $19.37.

Nektar Therapeutics (NASDAQ:NKTRGet Rating) last released its quarterly earnings data on Thursday, May 5th. The biopharmaceutical company reported ($0.49) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.23. Nektar Therapeutics had a negative net margin of 476.58% and a negative return on equity of 65.64%. The firm had revenue of $24.82 million for the quarter, compared to the consensus estimate of $24.89 million. During the same period last year, the firm earned ($0.68) earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities analysts predict that Nektar Therapeutics will post -2.46 earnings per share for the current year.

A number of analysts recently weighed in on NKTR shares. William Blair lowered shares of Nektar Therapeutics from an “outperform” rating to a “market perform” rating in a research report on Monday, March 14th. Canaccord Genuity Group reduced their price objective on shares of Nektar Therapeutics from $25.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, March 16th. Cowen lowered shares of Nektar Therapeutics from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $35.00 to $8.00 in a research report on Monday, March 14th. StockNews.com raised shares of Nektar Therapeutics from a “sell” rating to a “hold” rating in a research report on Thursday, May 12th. Finally, Canaccord Genuity Group dropped their target price on shares of Nektar Therapeutics from $25.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, March 16th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $13.46.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NKTR. BlackRock Inc. boosted its stake in shares of Nektar Therapeutics by 41.5% during the fourth quarter. BlackRock Inc. now owns 26,671,803 shares of the biopharmaceutical company’s stock valued at $360,336,000 after purchasing an additional 7,827,559 shares in the last quarter. Norges Bank acquired a new stake in Nektar Therapeutics in the fourth quarter valued at approximately $23,878,000. Invesco Ltd. boosted its stake in Nektar Therapeutics by 3.4% in the fourth quarter. Invesco Ltd. now owns 36,891,494 shares of the biopharmaceutical company’s stock valued at $498,405,000 after acquiring an additional 1,220,307 shares in the last quarter. Woodline Partners LP acquired a new stake in Nektar Therapeutics in the fourth quarter valued at approximately $13,329,000. Finally, First Trust Advisors LP boosted its stake in Nektar Therapeutics by 28.4% in the first quarter. First Trust Advisors LP now owns 4,390,618 shares of the biopharmaceutical company’s stock valued at $23,665,000 after acquiring an additional 970,889 shares in the last quarter. Hedge funds and other institutional investors own 93.08% of the company’s stock.

Nektar Therapeutics Company Profile (Get Rating)

Nektar Therapeutics, a biopharmaceutical company, focuses on discovering and developing medicines in areas of unmet medical need in the United States and internationally. The company's products include Bempegaldesleukin, a CD122-preferential interleukin-2 (IL-2) pathway agonist, which is in phase 3 clinical trial to treat metastatic melanoma, renal cell carcinoma, muscle-invasive bladder cancer, squamous cell carcinoma of the head and neck, and adjuvant melanoma; phase 2 clinical trial for the treatment of renal cell carcinoma, non-small cell lung cancer, and urothelial cancer; phase 1/2A clinical trial to treat squamous cell carcinoma of the head and neck; phase 1/2 clinical trial for the treatment of solid tumors; and phase 1B clinical trial to treat COVID-19.

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Insider Buying and Selling by Quarter for Nektar Therapeutics (NASDAQ:NKTR)

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