Walleye Capital LLC Trims Stock Holdings in RAPT Therapeutics, Inc. (NASDAQ:RAPT)

Walleye Capital LLC reduced its position in RAPT Therapeutics, Inc. (NASDAQ:RAPTGet Rating) by 41.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,320 shares of the company’s stock after selling 27,681 shares during the quarter. Walleye Capital LLC owned approximately 0.13% of RAPT Therapeutics worth $699,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Amalgamated Bank acquired a new position in RAPT Therapeutics in the 1st quarter valued at about $76,000. Dupont Capital Management Corp grew its position in RAPT Therapeutics by 37.8% in the 1st quarter. Dupont Capital Management Corp now owns 7,836 shares of the company’s stock valued at $172,000 after acquiring an additional 2,148 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in RAPT Therapeutics by 9.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 9,000 shares of the company’s stock valued at $196,000 after acquiring an additional 800 shares in the last quarter. MetLife Investment Management LLC grew its position in RAPT Therapeutics by 58.5% in the 1st quarter. MetLife Investment Management LLC now owns 11,028 shares of the company’s stock valued at $243,000 after acquiring an additional 4,070 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in RAPT Therapeutics by 23.7% in the 1st quarter. JPMorgan Chase & Co. now owns 13,575 shares of the company’s stock valued at $299,000 after acquiring an additional 2,599 shares in the last quarter. 98.42% of the stock is owned by institutional investors and hedge funds.

RAPT Therapeutics Stock Down 5.9 %

Shares of RAPT opened at $22.75 on Tuesday. The stock has a 50 day moving average price of $22.90 and a 200 day moving average price of $20.48. RAPT Therapeutics, Inc. has a 52-week low of $9.85 and a 52-week high of $40.74.

Insider Activity at RAPT Therapeutics

In related news, insider William Ho sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $28.13, for a total value of $70,325.00. Following the completion of the transaction, the insider now directly owns 53,035 shares of the company’s stock, valued at $1,491,874.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 9,500 shares of company stock valued at $224,965 over the last three months. 5.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on RAPT. Piper Sandler lifted their target price on RAPT Therapeutics from $30.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, November 10th. Capital One Financial initiated coverage on RAPT Therapeutics in a research report on Wednesday, September 21st. They set an “overweight” rating and a $48.00 price objective for the company. SVB Leerink lowered their price objective on RAPT Therapeutics from $49.00 to $48.00 and set an “outperform” rating for the company in a research report on Thursday, August 11th. Finally, HC Wainwright lowered their price objective on RAPT Therapeutics from $53.00 to $50.00 and set a “buy” rating for the company in a research report on Monday. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $50.57.

RAPT Therapeutics Company Profile

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RAPT Therapeutics, Inc, a clinical-stage immunology-based biopharmaceutical company, focuses on discovering, developing, and commercializing oral small molecule therapies for patients with unmet needs in oncology and inflammatory diseases. Its lead inflammation drug candidate is RPT193, a C-C motif chemokine receptor 4 (CCR4) antagonist that selectively inhibit the migration of type 2 T helper cells into inflamed tissues.

See Also

Institutional Ownership by Quarter for RAPT Therapeutics (NASDAQ:RAPT)

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