Affinity Asset Advisors LLC decreased its position in shares of SpringWorks Therapeutics, Inc. (NASDAQ:SWTX) by 7.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,000 shares of the company’s stock after selling 2,000 shares during the period. Affinity Asset Advisors LLC’s holdings in SpringWorks Therapeutics were worth $2,060,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SWTX. Perceptive Advisors LLC grew its holdings in SpringWorks Therapeutics by 16.1% during the 1st quarter. Perceptive Advisors LLC now owns 4,849,912 shares of the company’s stock valued at $356,808,000 after buying an additional 672,191 shares in the last quarter. BlackRock Inc. grew its holdings in SpringWorks Therapeutics by 9.6% during the 2nd quarter. BlackRock Inc. now owns 2,486,323 shares of the company’s stock valued at $204,897,000 after buying an additional 216,785 shares in the last quarter. Vanguard Group Inc. grew its holdings in SpringWorks Therapeutics by 8.5% during the 2nd quarter. Vanguard Group Inc. now owns 2,706,067 shares of the company’s stock valued at $223,007,000 after buying an additional 212,011 shares in the last quarter. FMR LLC grew its holdings in SpringWorks Therapeutics by 4.7% during the 2nd quarter. FMR LLC now owns 3,968,220 shares of the company’s stock valued at $327,021,000 after buying an additional 176,852 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in SpringWorks Therapeutics by 69.5% during the 2nd quarter. Jennison Associates LLC now owns 313,659 shares of the company’s stock valued at $25,849,000 after buying an additional 128,574 shares in the last quarter. Institutional investors own 90.00% of the company’s stock.
In other news, major shareholder Bain Capital Life Sciences Inv sold 1,000,000 shares of SpringWorks Therapeutics stock in a transaction on Tuesday, August 10th. The stock was sold at an average price of $70.25, for a total transaction of $70,250,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider L. Mary Smith sold 10,000 shares of SpringWorks Therapeutics stock in a transaction on Wednesday, October 13th. The stock was sold at an average price of $55.97, for a total value of $559,700.00. The disclosure for this sale can be found here. Insiders have sold 1,053,928 shares of company stock valued at $74,152,182 over the last ninety days. 30.76% of the stock is owned by insiders.
NASDAQ SWTX traded up $3.78 on Thursday, hitting $60.00. 7,824 shares of the stock were exchanged, compared to its average volume of 293,363. The stock has a fifty day moving average price of $70.34 and a two-hundred day moving average price of $75.15. The firm has a market capitalization of $2.95 billion, a P/E ratio of -32.26 and a beta of 0.66. SpringWorks Therapeutics, Inc. has a 52-week low of $51.57 and a 52-week high of $96.48.
SpringWorks Therapeutics (NASDAQ:SWTX) last posted its quarterly earnings data on Wednesday, August 4th. The company reported ($0.97) EPS for the quarter, missing the consensus estimate of ($0.69) by ($0.28). During the same period in the prior year, the firm earned ($0.47) EPS. On average, research analysts forecast that SpringWorks Therapeutics, Inc. will post -3.26 earnings per share for the current year.
SpringWorks Therapeutics Profile
SpringWorks Therapeutics, Inc acquires, develops, and commercializes medicines for underserved patient populations suffering from rare diseases and cancer. Its lead product candidate is nirogacestat, an oral small molecule gamma secretase inhibitor that is in Phase 3 clinical trials for the treatment of desmoid tumors.
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