Fate Therapeutics Inc. (NASDAQ:FATE) insider Chris Storgard acquired 37,593 shares of Fate Therapeutics stock in a transaction that occurred on Wednesday, November 23rd. The stock was bought at an average cost of $2.66 per share, with a total value of $99,997.38. Following the acquisition, the insider now directly owns 9,090 shares of the company’s stock, valued at $24,179.40. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Fate Therapeutics Inc. (NASDAQ:FATE) opened at 2.94 on Thursday. The firm’s 50-day moving average price is $2.51 and its 200 day moving average price is $2.28. Fate Therapeutics Inc. has a 12-month low of $1.46 and a 12-month high of $4.67. The firm’s market cap is $100.40 million.

Fate Therapeutics (NASDAQ:FATE) last released its quarterly earnings data on Monday, November 7th. The biopharmaceutical company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.02. Fate Therapeutics had a negative return on equity of 112.48% and a negative net margin of 740.69%. On average, equities analysts expect that Fate Therapeutics Inc. will post ($1.14) earnings per share for the current fiscal year.

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Several equities research analysts recently weighed in on the stock. Wedbush reduced their price objective on shares of Fate Therapeutics from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Tuesday, November 8th. BMO Capital Markets set a $4.00 price objective on shares of Fate Therapeutics and gave the stock a “buy” rating in a report on Monday, August 8th. Zacks Investment Research cut shares of Fate Therapeutics from a “buy” rating to a “hold” rating in a research report on Tuesday, October 11th. HC Wainwright reiterated a “buy” rating on shares of Fate Therapeutics in a research report on Tuesday, August 9th. Finally, Roth Capital began coverage on shares of Fate Therapeutics in a research report on Thursday, September 22nd. They issued a “buy” rating and a $8.00 price target on the stock. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Fate Therapeutics has a consensus rating of “Buy” and a consensus price target of $5.79.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Board of Trustees of The Leland Stanford Junior University bought a new position in Fate Therapeutics during the second quarter valued at about $495,000. Jacobs Levy Equity Management Inc. raised its position in Fate Therapeutics by 448.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 204,447 shares of the biopharmaceutical company’s stock valued at $368,000 after buying an additional 167,194 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in Fate Therapeutics during the second quarter valued at about $137,000. Vanguard Group Inc. raised its position in Fate Therapeutics by 3.5% in the second quarter. Vanguard Group Inc. now owns 657,573 shares of the biopharmaceutical company’s stock valued at $1,118,000 after buying an additional 22,098 shares in the last quarter. Finally, BlackRock Fund Advisors raised its position in Fate Therapeutics by 26.2% in the second quarter. BlackRock Fund Advisors now owns 75,572 shares of the biopharmaceutical company’s stock valued at $128,000 after buying an additional 15,701 shares in the last quarter. Hedge funds and other institutional investors own 57.07% of the company’s stock.

About Fate Therapeutics

Fate Therapeutics, Inc (Fate Therapeutics) is a clinical-stage biopharmaceutical company. The Company is engaged in development of programmed cellular immunotherapies for cancer and immune disorders. The Company’s cell therapy pipeline consists of immuno-oncology programs, including cancer immunotherapies derived from engineered induced pluripotent cells, and immuno-regulatory programs, including hematopoietic cell immunotherapies for protecting the immune system of patients undergoing hematopoietic cell transplantation and for suppressing autoimmunity.

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