Insider Selling: Crispr Theraptc (CRSP) Insider Sells 15,000 Shares of Stock

Crispr Theraptc (NASDAQ:CRSP) insider Tyler Dylan-Hyde sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $18.57, for a total transaction of $278,550.00. Following the completion of the sale, the insider now directly owns 167,727 shares of the company’s stock, valued at approximately $3,114,690.39. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Crispr Theraptc (NASDAQ:CRSP) traded down 0.43% during midday trading on Friday, reaching $18.34. 60,044 shares of the company’s stock traded hands. Crispr Theraptc has a one year low of $11.63 and a one year high of $25.00. The company has a 50-day moving average of $17.32 and a 200-day moving average of $17.51. The company’s market capitalization is $744.44 million.

Crispr Theraptc (NASDAQ:CRSP) last posted its quarterly earnings data on Thursday, August 10th. The company reported ($0.56) EPS for the quarter, topping the consensus estimate of ($0.62) by $0.06. The company had revenue of $3.60 million during the quarter, compared to analyst estimates of $3.29 million. Crispr Theraptc had a negative net margin of 406.61% and a negative return on equity of 47.46%. Crispr Theraptc’s revenue was up 350.0% compared to the same quarter last year. Equities research analysts anticipate that Crispr Theraptc will post ($2.43) EPS for the current year.

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A number of equities research analysts have recently issued reports on CRSP shares. Chardan Capital reaffirmed a “buy” rating on shares of Crispr Theraptc in a research note on Monday. SunTrust Banks, Inc. started coverage on shares of Crispr Theraptc in a research note on Thursday, July 13th. They issued a “hold” rating and a $16.00 price objective for the company. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Crispr Theraptc in a research note on Tuesday, July 18th. Finally, Cann started coverage on shares of Crispr Theraptc in a research report on Monday, July 17th. They set a “market perform” rating for the company. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Crispr Theraptc presently has an average rating of “Buy” and a consensus price target of $21.92.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP raised its position in Crispr Theraptc by 0.4% in the first quarter. Wellington Management Group LLP now owns 747,450 shares of the company’s stock valued at $16,272,000 after buying an additional 3,070 shares during the last quarter. Monashee Investment Management LLC raised its position in Crispr Theraptc by 208.7% in the first quarter. Monashee Investment Management LLC now owns 22,186 shares of the company’s stock valued at $473,000 after buying an additional 15,000 shares during the last quarter. Paulson & CO. Inc. purchased a new position in Crispr Theraptc during the first quarter valued at approximately $1,099,000. Credit Suisse AG purchased a new position in Crispr Theraptc during the first quarter valued at approximately $1,742,000. Finally, IHT Wealth Management LLC bought a new stake in shares of Crispr Theraptc during the first quarter worth about $110,000. 24.08% of the stock is owned by institutional investors.

About Crispr Theraptc

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.

Insider Buying and Selling by Quarter for Crispr Theraptc (NASDAQ:CRSP)

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