Natera Inc. (NASDAQ:NTRA) CEO Matthew Rabinowitz sold 146,756 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 2,020,876 shares in the company, valued at approximately $25,260,950. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Natera Inc. (NASDAQ:NTRA) traded down 1.40% on Monday, reaching $12.00. The company’s stock had a trading volume of 226,889 shares. The stock has a 50-day moving average of $10.42 and a 200 day moving average of $11.27. Natera Inc. has a 1-year low of $6.52 and a 1-year high of $13.80. The stock’s market capitalization is $628.58 million.
Natera (NASDAQ:NTRA) last announced its quarterly earnings results on Wednesday, November 9th. The company reported ($0.50) EPS for the quarter, beating the consensus estimate 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 had revenue of $53.89 million for the quarter, compared to analyst estimates of $48.14 million. During the same quarter last year, the business earned ($0.39) earnings per share. Natera’s revenue was up 20.0% compared to the same quarter last year. On average, equities analysts forecast that Natera Inc. will post ($1.68) EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Advisors LLC raised its position in Natera by 136.9% in the second quarter. BlackRock Advisors LLC now owns 8,738 shares of the company’s stock worth $105,000 after buying an additional 5,050 shares in the last quarter. BlackRock Group LTD bought a new position in Natera during the second quarter worth approximately $127,000. SG Americas Securities LLC bought a new position in Natera during the second quarter worth approximately $139,000. Societe Generale bought a new position in Natera during the second quarter worth approximately $139,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Natera during the second quarter worth approximately $173,000. Institutional investors and hedge funds own 65.02% of the company’s stock.
NTRA has been the topic of a number of recent research reports. TheStreet lowered Natera from a “hold” rating to a “sell” rating in a research note on Friday, September 9th. Benchmark Co. upped their target price on Natera from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, November 10th. Finally, Morgan Stanley set a $20.00 target price on Natera and gave the company a “buy” rating in a research note on Friday, August 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $17.33.
Natera Company Profile