BOLD has been the subject of several other research reports. HC Wainwright set a $37.00 price objective on shares of Audentes Therapeutics and gave the company a buy rating in a research note on Friday, March 9th. Zacks Investment Research raised shares of Audentes Therapeutics from a hold rating to a buy rating and set a $37.00 price objective for the company in a research note on Thursday, March 8th. William Blair reaffirmed a buy rating on shares of Audentes Therapeutics in a research note on Friday, January 5th. ValuEngine cut shares of Audentes Therapeutics from a hold rating to a sell rating in a research note on Friday, December 1st. Finally, BMO Capital Markets set a $44.00 price objective on shares of Audentes Therapeutics and gave the company a buy rating in a research note on Friday, January 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. Audentes Therapeutics presently has a consensus rating of Buy and an average price target of $35.56.
Shares of NASDAQ BOLD traded down $1.42 during midday trading on Friday, hitting $28.63. The company’s stock had a trading volume of 387,652 shares, compared to its average volume of 443,573. Audentes Therapeutics has a one year low of $13.90 and a one year high of $41.80.
Audentes Therapeutics (NASDAQ:BOLD) last issued its quarterly earnings data on Thursday, March 8th. The biotechnology company reported ($0.82) EPS for the quarter, beating the consensus estimate of ($0.91) by $0.09. research analysts predict that Audentes Therapeutics will post -3.43 earnings per share for the current fiscal year.
In other news, VP Suyash Prasad sold 7,800 shares of the company’s stock in a transaction on Thursday, March 29th. The shares were sold at an average price of $30.03, for a total value of $234,234.00. Following the completion of the sale, the vice president now owns 7,800 shares of the company’s stock, valued at approximately $234,234. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Orbimed Advisors Llc sold 421,638 shares of the company’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $35.17, for a total transaction of $14,829,008.46. The disclosure for this sale can be found here. In the last three months, insiders sold 1,127,407 shares of company stock valued at $39,177,415. Corporate insiders own 47.30% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Perceptive Advisors LLC boosted its stake in shares of Audentes Therapeutics by 10.4% in the 3rd quarter. Perceptive Advisors LLC now owns 781,309 shares of the biotechnology company’s stock valued at $21,885,000 after purchasing an additional 73,809 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Audentes Therapeutics by 35.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 34,597 shares of the biotechnology company’s stock valued at $1,082,000 after buying an additional 8,997 shares during the last quarter. Mckinley Capital Management LLC Delaware bought a new stake in Audentes Therapeutics during the 3rd quarter valued at $1,333,000. Victory Capital Management Inc. raised its holdings in Audentes Therapeutics by 23.2% during the 4th quarter. Victory Capital Management Inc. now owns 87,674 shares of the biotechnology company’s stock valued at $2,740,000 after buying an additional 16,500 shares during the last quarter. Finally, Farallon Capital Management LLC bought a new stake in Audentes Therapeutics during the 4th quarter valued at $9,989,000. 66.96% of the stock is owned by institutional investors.
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About Audentes Therapeutics
Audentes Therapeutics, Inc is an early-stage biotechnology company. The Company is focused on developing and commercializing gene therapy products for patients suffering from serious, life-threatening rare diseases caused by single gene defects. The Company has a portfolio of product candidates, including AT132 for the treatment of X-Linked Myotubular Myopathy (XLMTM); AT342 for the treatment of Crigler-Najjar Syndrome (Crigler-Najjar); AT982 for the treatment of Pompe disease, and AT307 for the treatment of the CASQ2 subtype of Catecholaminergic Polymorphic Ventricular Tachycardia (CASQ2-CPVT).
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