MacroGenics Inc (MGNX) SVP Sells $100,000.00 in Stock
MacroGenics Inc (NASDAQ:MGNX) SVP Jon Marc Wigginton sold 5,000 shares of the stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $20.00, for a total transaction of $100,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Jon Marc Wigginton also recently made the following trade(s):
- On Tuesday, November 21st, Jon Marc Wigginton sold 5,000 shares of MacroGenics stock. The shares were sold at an average price of $20.00, for a total transaction of $100,000.00.
- On Wednesday, October 25th, Jon Marc Wigginton sold 10,000 shares of MacroGenics stock. The shares were sold at an average price of $20.00, for a total transaction of $200,000.00.
Shares of MacroGenics Inc (NASDAQ:MGNX) opened at $19.19 on Friday. The firm has a market cap of $717.85, a price-to-earnings ratio of -4.27 and a beta of 2.73. MacroGenics Inc has a 52 week low of $14.36 and a 52 week high of $22.31.
MGNX has been the topic of a number of recent analyst reports. Cowen reissued a “buy” rating on shares of MacroGenics in a research report on Wednesday, October 25th. Zacks Investment Research cut shares of MacroGenics from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. ValuEngine upgraded shares of MacroGenics from a “strong sell” rating to a “sell” rating in a report on Friday, December 1st. Raymond James Financial restated a “buy” rating on shares of MacroGenics in a report on Monday, December 11th. Finally, Citigroup upped their target price on shares of MacroGenics from $18.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, November 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $30.10.
Hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in shares of MacroGenics in the 2nd quarter worth $133,000. Legal & General Group Plc increased its holdings in shares of MacroGenics by 4.3% in the 2nd quarter. Legal & General Group Plc now owns 7,925 shares of the biopharmaceutical company’s stock valued at $138,000 after purchasing an additional 328 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of MacroGenics by 92.2% in the 2nd quarter. SG Americas Securities LLC now owns 10,812 shares of the biopharmaceutical company’s stock valued at $189,000 after purchasing an additional 5,187 shares in the last quarter. Parametric Portfolio Associates LLC purchased a new position in shares of MacroGenics in the 2nd quarter valued at about $203,000. Finally, Virtu KCG Holdings LLC purchased a new position in shares of MacroGenics in the 2nd quarter valued at about $232,000. Institutional investors own 85.77% of the company’s stock.
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MacroGenics Company Profile
MacroGenics, Inc is a clinical-stage biopharmaceutical company focused on discovering and developing monoclonal antibody-based therapeutics for the treatment of cancer, as well as various autoimmune disorders and infectious diseases. The Company develops therapeutic product candidates using its antibody-based technology platforms and also in collaboration with other biopharmaceutical companies.
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