Adaptimmune Therapeutics PLC – (ADAP) Director Acquires $20,040,000.00 in Stock
Adaptimmune Therapeutics PLC – (NASDAQ:ADAP) Director Ali Behbahani bought 12,000,000 shares of the firm’s stock in a transaction that occurred on Friday, September 7th. The shares were purchased at an average cost of $1.67 per share, for a total transaction of $20,040,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
NASDAQ ADAP opened at $11.19 on Thursday. The company has a market cap of $998.92 million, a price-to-earnings ratio of -13.84 and a beta of 1.09. Adaptimmune Therapeutics PLC – has a 1-year low of $6.60 and a 1-year high of $14.63.
Adaptimmune Therapeutics (NASDAQ:ADAP) last released its quarterly earnings data on Thursday, August 2nd. The biotechnology company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.20). The company had revenue of $9.04 million for the quarter, compared to analyst estimates of $7.76 million. Adaptimmune Therapeutics had a negative net margin of 191.14% and a negative return on equity of 47.22%. equities research analysts predict that Adaptimmune Therapeutics PLC – will post -1.02 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA acquired a new stake in Adaptimmune Therapeutics during the second quarter valued at approximately $122,000. BB&T Securities LLC acquired a new stake in Adaptimmune Therapeutics during the second quarter valued at approximately $128,000. Jane Street Group LLC acquired a new stake in Adaptimmune Therapeutics during the first quarter valued at approximately $168,000. Trexquant Investment LP acquired a new stake in Adaptimmune Therapeutics during the second quarter valued at approximately $178,000. Finally, Trellus Management Company LLC acquired a new stake in Adaptimmune Therapeutics during the second quarter valued at approximately $195,000. 59.32% of the stock is currently owned by institutional investors.
About Adaptimmune Therapeutics
Adaptimmune Therapeutics plc, a clinical-stage biopharmaceutical company, focuses on the provision of cancer immunotherapy products based on its proprietary Specific Peptide Enhanced Affinity Receptor (SPEAR) T-cell platform. Its platform enables in identifying cancer targets; finding and genetically engineering T-cell receptors (TCR); and producing TCR therapeutic candidates for administration to patients.
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