Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Tango Therapeutics, Inc. (NASDAQ:TNGX – Free Report) during the 4th quarter, HoldingsChannel reports. The firm acquired 21,872 shares of the company’s stock, valued at approximately $195,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of TNGX. Dynamic Technology Lab Private Ltd grew its position in Tango Therapeutics by 139.7% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 25,801 shares of the company’s stock worth $35,000 after purchasing an additional 15,037 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Tango Therapeutics by 30.7% in the second quarter. Legal & General Group Plc now owns 6,985 shares of the company’s stock valued at $36,000 after acquiring an additional 1,640 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Tango Therapeutics by 148,800.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,467 shares of the company’s stock worth $40,000 after buying an additional 4,464 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Tango Therapeutics by 44.3% during the second quarter. Tower Research Capital LLC TRC now owns 9,473 shares of the company’s stock worth $49,000 after buying an additional 2,907 shares in the last quarter. Finally, Northeast Financial Consultants Inc bought a new stake in Tango Therapeutics during the second quarter worth approximately $51,000. Institutional investors own 78.99% of the company’s stock.
Insider Transactions at Tango Therapeutics
In related news, insider Adam Crystal sold 54,345 shares of Tango Therapeutics stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $12.77, for a total transaction of $693,985.65. Following the completion of the transaction, the insider directly owned 132,873 shares of the company’s stock, valued at $1,696,788.21. This trade represents a 29.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 179,056 shares of company stock worth $3,346,181. Company insiders own 6.50% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on TNGX
Tango Therapeutics Stock Performance
Shares of Tango Therapeutics stock opened at $25.51 on Thursday. The firm’s 50-day simple moving average is $21.14 and its 200-day simple moving average is $14.07. Tango Therapeutics, Inc. has a twelve month low of $1.25 and a twelve month high of $28.41. The firm has a market cap of $3.68 billion, a P/E ratio of -29.32 and a beta of 1.22.
Tango Therapeutics (NASDAQ:TNGX – Get Free Report) last issued its earnings results on Wednesday, May 13th. The company reported ($0.32) earnings per share for the quarter, meeting the consensus estimate of ($0.32). Tango Therapeutics had a negative net margin of 151.15% and a negative return on equity of 50.30%. On average, equities analysts forecast that Tango Therapeutics, Inc. will post -1.35 earnings per share for the current fiscal year.
About Tango Therapeutics
Tango Therapeutics is a clinical-stage biotechnology company dedicated to developing precision medicines that exploit genetic vulnerabilities in cancer cells. Leveraging a proprietary synthetic lethality platform, the company identifies and targets tumor-specific dependencies in DNA damage response and related pathways. By focusing on tumor cell collateral sensitivities, Tango aims to bring differentiated small-molecule therapies to patients with genetic alterations that confer increased susceptibility to targeted inhibition.
The company’s lead pipeline comprises several early-stage programs, including inhibitors designed to selectively disable DNA repair proteins in tumor cells while sparing normal tissues.
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