Duality Advisers LP Takes $2.89 Million Position in Nektar Therapeutics (NASDAQ:NKTR)
Duality Advisers LP bought a new position in shares of Nektar Therapeutics (NASDAQ:NKTR) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 124,626 shares of the biopharmaceutical company’s stock, valued at approximately $2,886,000. Duality Advisers LP owned about 0.07% of Nektar Therapeutics at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Canada Pension Plan Investment Board bought a new position in shares of Nektar Therapeutics during the first quarter worth approximately $44,000. Aigen Investment Management LP acquired a new position in Nektar Therapeutics in the 1st quarter valued at $64,000. NewSquare Capital LLC bought a new position in Nektar Therapeutics during the 1st quarter worth $71,000. Dupont Capital Management Corp acquired a new stake in shares of Nektar Therapeutics during the first quarter worth $80,000. Finally, Mercer Capital Advisers Inc. bought a new stake in shares of Nektar Therapeutics in the first quarter valued at about $89,000. Institutional investors and hedge funds own 98.13% of the company’s stock.
Shares of NKTR opened at $22.16 on Friday. The company has a quick ratio of 3.75, a current ratio of 3.79 and a debt-to-equity ratio of 0.11. The stock has a market cap of $4.14 billion, a PE ratio of -8.49 and a beta of 2.01. Nektar Therapeutics has a 12-month low of $13.63 and a 12-month high of $31.39. The business has a 50-day simple moving average of $23.05 and a two-hundred day simple moving average of $21.18.
NKTR has been the subject of several analyst reports. SVB Leerink lifted their price objective on shares of Nektar Therapeutics from $17.00 to $18.00 and gave the stock a “market perform” rating in a research note on Friday, May 8th. BidaskClub downgraded shares of Nektar Therapeutics from a “buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Benchmark initiated coverage on Nektar Therapeutics in a research report on Wednesday, April 22nd. They set a “buy” rating and a $26.00 price target on the stock. Cfra lowered Nektar Therapeutics from a “hold” rating to a “sell” rating in a research note on Wednesday, June 10th. Finally, Mizuho started coverage on Nektar Therapeutics in a research report on Tuesday, May 26th. They set a “buy” rating and a $35.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the stock. Nektar Therapeutics has an average rating of “Hold” and an average price target of $31.39.
In related news, Director R Scott Greer sold 15,009 shares of the business’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $25.00, for a total value of $375,225.00. Following the sale, the director now owns 284,973 shares of the company’s stock, valued at $7,124,325. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.99% of the stock is currently owned by company insiders.
Nektar Therapeutics Company Profile
Nektar Therapeutics, a biopharmaceutical company, develops drug candidates for cancer, auto-immune disease, and chronic pain in the United States. The company develops NKTR-181, an orally-available mu-opioid analgesic molecule, which is in Phase III clinical trial for moderate to severe chronic pain; ONZEALD, a topoisomerase I inhibitor that is in Phase III clinical trial for advanced metastatic breast cancer in patients with brain metastases; and NKTR-214, a CD122-preferential interleukin-2 (IL-2) pathway agonist, which is in Phase I to treat immuno-oncology.
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