Natera Inc. (NASDAQ:NTRA) CEO Matthew Rabinowitz sold 146,756 shares of the company’s stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $12.50, for a total value of $1,834,450.00. Following the sale, the chief executive officer now owns 2,020,876 shares in the company, valued at approximately $25,260,950. The sale was disclosed in a filing with the SEC, which is available through this link.
Natera Inc. (NASDAQ:NTRA) opened at 12.00 on Tuesday. Natera Inc. has a one year low of $6.52 and a one year high of $13.80. The firm has a 50-day moving average price of $10.42 and a 200 day moving average price of $11.27. The company’s market cap is $628.58 million.
Natera (NASDAQ:NTRA) last announced its quarterly earnings data on Wednesday, November 9th. The company reported ($0.50) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.05. Natera had a negative net margin of 36.64% and a negative return on equity of 48.24%. The company earned $53.89 million during the quarter, compared to analyst estimates of $48.14 million. During the same period in the previous year, the business earned ($0.39) EPS. The firm’s revenue for the quarter was up 20.0% on a year-over-year basis. Equities analysts expect that Natera Inc. will post ($1.68) earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. Hamilton Lane Advisors LLC purchased a new position in shares of Natera during the second quarter worth $1,208,000. Bank of Montreal Can purchased a new position in shares of Natera during the second quarter worth $330,000. Strs Ohio raised its position in shares of Natera by 10.8% in the second quarter. Strs Ohio now owns 25,600 shares of the company’s stock worth $308,000 after buying an additional 2,500 shares during the last quarter. American Century Companies Inc. purchased a new position in shares of Natera during the second quarter worth $349,000. Finally, Bank of New York Mellon Corp raised its position in shares of Natera by 994.7% in the second quarter. Bank of New York Mellon Corp now owns 480,900 shares of the company’s stock worth $5,802,000 after buying an additional 436,970 shares during the last quarter. Institutional investors own 65.02% of the company’s stock.
Several equities research analysts recently commented on the company. Morgan Stanley set a $20.00 target price on Natera and gave the company a “buy” rating in a research report on Friday, August 5th. TheStreet lowered Natera from a “hold” rating to a “sell” rating in a research report on Tuesday, November 1st. Finally, Benchmark Co. upped their target price on Natera from $16.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $17.33.