Stemline Therapeutics, Inc. (STML) COO Sells $125,900.20 in Stock
Stemline Therapeutics, Inc. (NASDAQ:STML) COO Kenneth Hoberman sold 9,110 shares of the business’s stock in a transaction that occurred on Tuesday, January 10th. The stock was sold at an average price of $13.82, for a total value of $125,900.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Stemline Therapeutics, Inc. (NASDAQ:STML) opened at 12.95 on Friday. The company has a 50-day moving average price of $12.30 and a 200 day moving average price of $9.96. Stemline Therapeutics, Inc. has a 1-year low of $3.88 and a 1-year high of $14.60. The company’s market capitalization is $231.11 million.
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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC bought a new position in Stemline Therapeutics during the third quarter worth $400,000. Paradigm Asset Management Co. LLC bought a new position in Stemline Therapeutics during the second quarter worth $141,000. State Street Corp raised its position in Stemline Therapeutics by 1.9% in the second quarter. State Street Corp now owns 220,768 shares of the biopharmaceutical company’s stock worth $1,493,000 after buying an additional 4,197 shares in the last quarter. Rhumbline Advisers raised its position in Stemline Therapeutics by 20.9% in the second quarter. Rhumbline Advisers now owns 26,260 shares of the biopharmaceutical company’s stock worth $178,000 after buying an additional 4,538 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Stemline Therapeutics by 11.8% in the second quarter. Franklin Resources Inc. now owns 2,102,200 shares of the biopharmaceutical company’s stock worth $14,232,000 after buying an additional 222,170 shares in the last quarter. Institutional investors own 46.73% of the company’s stock.
A number of research analysts recently weighed in on STML shares. Zacks Investment Research raised Stemline Therapeutics from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Wednesday, October 5th. Wedbush reissued an “outperform” rating and set a $15.00 target price on shares of Stemline Therapeutics in a report on Tuesday, December 6th. Roth Capital reissued a “buy” rating and set a $32.00 target price on shares of Stemline Therapeutics in a report on Wednesday, November 23rd. Finally, HC Wainwright reissued a “buy” rating on shares of Stemline Therapeutics in a report on Monday, November 21st. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $23.20.
Stemline Therapeutics Company Profile
Stemline Therapeutics, Inc is a clinical-stage biopharmaceutical company focused on discovering, acquiring, developing and commercializing oncology therapeutics. The Company is developing approximately three clinical stage product candidates, including SL-401, SL-701 and SL-801. SL-401 is a targeted therapy directed to the interleukin-3 receptor (IL-3R) (CD123), present on a range of hematologic cancers.
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