Magenta Therapeutics Inc (NASDAQ:MGTA) insider Jason Gardner sold 14,000 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $15.11, for a total value of $211,540.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of MGTA opened at $14.80 on Wednesday. Magenta Therapeutics Inc has a 52 week low of $5.31 and a 52 week high of $21.00. The company has a market cap of $504.41 million and a PE ratio of -4.73. The firm has a fifty day moving average price of $15.36.
Magenta Therapeutics (NASDAQ:MGTA) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.44) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.55) by $0.11. On average, research analysts predict that Magenta Therapeutics Inc will post -2.03 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA bought a new position in Magenta Therapeutics during the 1st quarter worth $50,000. New York State Common Retirement Fund bought a new position in Magenta Therapeutics during the 4th quarter worth $27,000. Aries Wealth Management bought a new position in Magenta Therapeutics during the 1st quarter worth $198,000. Rhumbline Advisers bought a new position in Magenta Therapeutics during the 1st quarter worth $253,000. Finally, Bank of New York Mellon Corp bought a new position in Magenta Therapeutics during the 4th quarter worth $90,000. Institutional investors own 63.62% of the company’s stock.
Magenta Therapeutics Company Profile
Magenta Therapeutics, Inc, a clinical-stage biotechnology company, develops novel medicines to extend the curative power of stem cell transplant, gene therapy, genome editing, and cell therapy to patients. It is developing C100, C200, and C300 targeted antibody-drug conjugates for transplant conditioning; MGTA-145, a novel stem cell mobilization product candidate to control stem cell mobilization; MGTA-456, an allogeneic stem cell therapy to control stem cell growth; E478, a small molecule aryl hydrocarbon receptor antagonist for the expansion of gene-modified stem cells; and G100, an antibody-drug conjugate program to prevent acute graft and host diseases.
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