CRISPR Therapeutics AG (NASDAQ:CRSP – Get Rating) CEO Samarth Kulkarni sold 25,000 shares of the firm’s stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $75.91, for a total transaction of $1,897,750.00. Following the transaction, the chief executive officer now directly owns 290,279 shares of the company’s stock, valued at approximately $22,035,078.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Samarth Kulkarni also recently made the following trade(s):
- On Wednesday, June 29th, Samarth Kulkarni sold 25,000 shares of CRISPR Therapeutics stock. The stock was sold at an average price of $61.59, for a total transaction of $1,539,750.00.
CRISPR Therapeutics Trading Down 1.2 %
CRSP opened at $75.00 on Friday. The firm has a market capitalization of $5.81 billion, a PE ratio of 20.78 and a beta of 1.91. CRISPR Therapeutics AG has a twelve month low of $42.51 and a twelve month high of $142.64. The firm’s 50-day moving average price is $68.36 and its 200 day moving average price is $62.68.
Analysts Set New Price Targets
CRSP has been the subject of several recent research reports. Needham & Company LLC reduced their target price on shares of CRISPR Therapeutics from $170.00 to $122.00 in a report on Friday, May 13th. Barclays cut their price objective on shares of CRISPR Therapeutics from $107.00 to $99.00 in a report on Tuesday, May 10th. Credit Suisse Group started coverage on shares of CRISPR Therapeutics in a report on Thursday, April 28th. They issued a “neutral” rating and a $78.00 price objective for the company. Oppenheimer cut their price objective on shares of CRISPR Therapeutics from $150.00 to $122.00 and set an “outperform” rating for the company in a report on Thursday, June 23rd. Finally, Citigroup cut their price objective on shares of CRISPR Therapeutics from $64.00 to $53.00 and set a “neutral” rating for the company in a report on Tuesday, May 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $114.31.
Hedge Funds Weigh In On CRISPR Therapeutics
A number of institutional investors and hedge funds have recently bought and sold shares of CRSP. Capital Impact Advisors LLC acquired a new position in CRISPR Therapeutics during the fourth quarter worth about $26,000. Elkhorn Partners Limited Partnership boosted its position in CRISPR Therapeutics by 180.0% during the fourth quarter. Elkhorn Partners Limited Partnership now owns 350 shares of the company’s stock worth $27,000 after acquiring an additional 225 shares during the last quarter. IronBridge Private Wealth LLC acquired a new position in CRISPR Therapeutics during the fourth quarter worth about $30,000. First PREMIER Bank acquired a new position in CRISPR Therapeutics in the 1st quarter valued at about $31,000. Finally, Allworth Financial LP boosted its holdings in CRISPR Therapeutics by 443.8% in the 1st quarter. Allworth Financial LP now owns 609 shares of the company’s stock valued at $38,000 after purchasing an additional 497 shares during the last quarter. 56.12% of the stock is currently owned by institutional investors and hedge funds.
About CRISPR Therapeutics
CRISPR Therapeutics is a gene-editing company focused on developing transformative gene-based medicines for serious diseases using its proprietary CRISPR/Cas9 platform. CRISPR/Cas9 is a revolutionary gene-editing technology that allows for precise, directed changes to genomic DNA. CRISPR Therapeutics has established a portfolio of therapeutic programs across a broad range of disease areas including hemoglobinopathies, oncology, regenerative medicine and rare diseases.
- Get a free copy of the StockNews.com research report on CRISPR Therapeutics (CRSP)
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