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Howard W. Robin Sells 14,881 Shares of Nektar Therapeutics (NASDAQ:NKTR)
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Howard W. Robin Sells 14,881 Shares of Nektar Therapeutics (NASDAQ:NKTR)

Nektar Therapeutics (NASDAQ:NKTR – Get Free Report) CEO Howard W. Robin sold 14,881 shares of Nektar Therapeutics stock in a transaction dated Monday, August 19. The shares were sold at an average price of $1.28, for a total value of $19,047.68. Following the sale, the chief executive officer now directly owns 848,358 shares of the company’s stock, valued at approximately $1,085,898.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this hyperlink.

Nektar Therapeutics shares down 0.8%

Shares of NKTR opened at $1.27 on Thursday. The company has a 50-day moving average price of $1.26 and a 200-day moving average price of $1.20. Nektar Therapeutics has a 12-month low of $0.41 and a 12-month high of $1.93. The company has a market cap of $233.71 million, a price/earnings ratio of -1.38, and a beta of 0.66.

Nektar Therapeutics (NASDAQ:NKTR – Get Free Report) last released its earnings results on Thursday, August 8. The biopharmaceutical company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.04). Nektar Therapeutics had a negative net margin of 195.02% and a negative return on equity of 107.31%. The company had revenue of $23.49 million during the quarter, compared to the consensus estimate of $17.24 million. During the same period last year, the company posted ($0.27) EPS. As a group, research analysts expect Nektar Therapeutics to post -0.84 EPS for the current fiscal year.

Institutional investors weigh in on Nektar Therapeutics

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Hedge funds and other institutional investors have made recent changes to their holdings of shares. Victory Capital Management Inc. purchased a new stake in shares of Nektar Therapeutics in the 2nd quarter worth approximately $29,000. Values ​​First Advisors Inc. purchased a new stake in shares of Nektar Therapeutics in the 2nd quarter worth approximately $56,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of Nektar Therapeutics in the 1st quarter worth approximately $63,000. SG Americas Securities LLC increased its stake in shares of Nektar Therapeutics by 63.0% in the 2nd quarter. SG Americas Securities LLC now owns 73,352 shares of the biopharmaceutical company’s stock worth $91,000 after acquiring an additional 28,338 shares in the last quarter. Finally, Mackenzie Financial Corp. purchased in the fourth quarter a new stake in shares of Nektar Therapeutics worth approximately $42,000. Institutional investors own 75.88% of the company’s shares.

Changes in analyst ratings

Separately, Rodman & Renshaw assumed coverage on Nektar Therapeutics in a research note on Friday, June 28th. They set a “buy” rating and a $2.00 price target on the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $1.50.

View our latest stock analysis for Nektar Therapeutics

Company Profile of Nektar Therapeutics

(Get free report)

Nektar Therapeutics, a biopharmaceutical company, is focused on the discovery and development of immunotherapy drugs in the United States and internationally. The company is developing rezpegaldesleukin, a cytokine Treg stimulant that is in Phase 2 clinical trial for the treatment of systemic lupus erythematosus and ulcerative colitis, as well as a Phase 2b clinical trial for the treatment of atopic dermatitis and psoriasis; and NKTR-255, an IL-15 receptor agonist, which is in Phase 1 clinical trial to enhance the immune system’s natural ability to fight cancer.

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Insider Purchases and Sales by Quarter for Nektar Therapeutics (NASDAQ:NKTR)

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