Adaptive Biotechnologies Corporation (NASDAQ:ADPT) Director Robert Hershberg sold 2,000 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $42.58, for a total value of $85,160.00. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at approximately $85,160. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of NASDAQ ADPT traded down $0.21 during mid-day trading on Wednesday, hitting $45.74. 1,435,753 shares of the company traded hands, compared to its average volume of 1,144,695. Adaptive Biotechnologies Corporation has a 1 year low of $15.19 and a 1 year high of $49.00. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of -57.90 and a beta of 0.40. The business has a 50 day moving average of $39.60 and a two-hundred day moving average of $36.00.
Adaptive Biotechnologies (NASDAQ:ADPT) last announced its earnings results on Monday, August 10th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.02. Adaptive Biotechnologies had a negative return on equity of 17.78% and a negative net margin of 107.96%. The business had revenue of $21.00 million during the quarter, compared to the consensus estimate of $18.80 million. During the same period in the prior year, the business posted ($1.23) earnings per share. Adaptive Biotechnologies’s revenue was down 4.5% compared to the same quarter last year. As a group, equities analysts expect that Adaptive Biotechnologies Corporation will post -1.09 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Adaptive Biotechnologies during the second quarter valued at $1,022,000. Principal Financial Group Inc. raised its position in Adaptive Biotechnologies by 201.2% during the second quarter. Principal Financial Group Inc. now owns 208,047 shares of the company’s stock valued at $10,065,000 after buying an additional 138,977 shares during the period. PNC Financial Services Group Inc. raised its position in Adaptive Biotechnologies by 922.3% during the second quarter. PNC Financial Services Group Inc. now owns 6,635 shares of the company’s stock valued at $322,000 after buying an additional 5,986 shares during the period. Neuberger Berman Group LLC raised its position in Adaptive Biotechnologies by 246.2% during the second quarter. Neuberger Berman Group LLC now owns 1,723,347 shares of the company’s stock valued at $83,389,000 after buying an additional 1,225,502 shares during the period. Finally, AdvisorNet Financial Inc acquired a new position in Adaptive Biotechnologies during the second quarter valued at $109,000. 74.26% of the stock is owned by institutional investors and hedge funds.
About Adaptive Biotechnologies
Adaptive Biotechnologies Corporation develops an immune medicine platform for the diagnosis and treatment of various diseases. The company offers immunoSEQ research service and kit that is used to answer research questions that inform current and future clinical trials, as well as to discover new prognostic and diagnostic signals.
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