Fate Therapeutics Inc. (NASDAQ:FATE) Director William H. Rastetter purchased 375,939 shares of the company’s 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 $999,997.74. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Fate Therapeutics Inc. (NASDAQ:FATE) opened at 2.94 on Thursday. Fate Therapeutics Inc. has a 52-week low of $1.46 and a 52-week high of $4.67. The company’s market cap is $100.40 million. The firm has a 50-day moving average price of $2.51 and a 200-day moving average price of $2.28.

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

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Several hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp increased its stake in Fate Therapeutics by 51.3% in the third quarter. Northern Trust Corp now owns 38,625 shares of the biopharmaceutical company’s stock worth $121,000 after buying an additional 13,094 shares during the last quarter. Redmile Group LLC increased its stake in Fate Therapeutics by 1.0% in the second quarter. Redmile Group LLC now owns 1,502,180 shares of the biopharmaceutical company’s stock worth $2,554,000 after buying an additional 15,200 shares during the last quarter. Lombard Odier Asset Management USA Corp increased its stake in Fate Therapeutics by 2.8% in the second quarter. Lombard Odier Asset Management USA Corp now owns 256,426 shares of the biopharmaceutical company’s stock worth $436,000 after buying an additional 7,052 shares during the last quarter. Board of Trustees of The Leland Stanford Junior University acquired a new stake in Fate Therapeutics during the second quarter worth approximately $495,000. Finally, BlackRock Fund Advisors increased its stake in Fate Therapeutics by 26.2% in the second quarter. BlackRock Fund Advisors now owns 75,572 shares of the biopharmaceutical company’s stock worth $128,000 after buying an additional 15,701 shares during the last quarter. Institutional investors and hedge funds own 57.07% of the company’s stock.

A number of research analysts recently commented on the company. Wedbush dropped their price target on Fate Therapeutics from $8.00 to $7.00 and set an “outperform” rating for the company in a research note on Tuesday, November 8th. BMO Capital Markets set a $4.00 price target on Fate Therapeutics and gave the company a “buy” rating in a research note on Monday, August 8th. Zacks Investment Research cut 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 Fate Therapeutics in a research report on Thursday, September 22nd. They issued a “buy” rating and a $8.00 target price on the stock. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $5.79.

Fate Therapeutics Company Profile

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.

5 Day Chart for NASDAQ:FATE

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