Beam Therapeutics Inc. (NASDAQ:BEAM – Get Free Report) insider Amy Simon sold 16,667 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $25.74, for a total value of $429,008.58. Following the completion of the sale, the insider owned 85,696 shares of the company’s stock, valued at approximately $2,205,815.04. The trade was a 16.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Beam Therapeutics Trading Down 1.0%
Shares of NASDAQ BEAM traded down $0.27 during trading on Wednesday, hitting $26.02. 1,564,470 shares of the company were exchanged, compared to its average volume of 2,140,791. The company has a fifty day moving average price of $31.12 and a 200-day moving average price of $29.24. The company has a debt-to-equity ratio of 0.09, a quick ratio of 16.99 and a current ratio of 16.99. The firm has a market capitalization of $2.68 billion, a PE ratio of -38.26 and a beta of 2.18. Beam Therapeutics Inc. has a 12-month low of $15.60 and a 12-month high of $38.26.
Beam Therapeutics (NASDAQ:BEAM – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.91) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.03) by $0.12. Beam Therapeutics had a negative net margin of 39.66% and a negative return on equity of 29.00%. The firm had revenue of $31.74 million during the quarter, compared to analysts’ expectations of $10.98 million. During the same period last year, the business earned ($1.23) earnings per share. Beam Therapeutics’s revenue was up 323.2% compared to the same quarter last year. As a group, equities research analysts expect that Beam Therapeutics Inc. will post -4.16 EPS for the current year.
Wall Street Analysts Forecast Growth
Get Our Latest Analysis on Beam Therapeutics
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. ARK Investment Management LLC raised its holdings in shares of Beam Therapeutics by 12.9% in the 4th quarter. ARK Investment Management LLC now owns 12,467,189 shares of the company’s stock valued at $345,590,000 after buying an additional 1,428,355 shares during the period. State Street Corp boosted its holdings in Beam Therapeutics by 30.4% during the 4th quarter. State Street Corp now owns 5,228,529 shares of the company’s stock valued at $144,935,000 after acquiring an additional 1,219,871 shares during the period. Price T Rowe Associates Inc. MD grew its position in Beam Therapeutics by 20.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,730,282 shares of the company’s stock valued at $75,684,000 after acquiring an additional 467,133 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Beam Therapeutics by 10.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,154,575 shares of the company’s stock valued at $51,327,000 after acquiring an additional 206,696 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Beam Therapeutics by 2.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,712,359 shares of the company’s stock worth $47,467,000 after purchasing an additional 46,974 shares during the period. 99.68% of the stock is currently owned by hedge funds and other institutional investors.
Beam Therapeutics Company Profile
Beam Therapeutics, Inc (NASDAQ: BEAM) is a biotechnology company dedicated to developing precision genetic medicines through its pioneering base editing platform. Headquartered in Cambridge, Massachusetts, with additional research facilities in Philadelphia, the company focuses on engineering molecular editors capable of making precise single-nucleotide changes in DNA. By harnessing its proprietary base editing technology, Beam aims to correct or disrupt disease-causing genetic variants at their source, offering the potential for novel therapies in areas with significant unmet medical need.
Founded in 2017 as a spin-out from Harvard University and the Broad and Whitehead Institutes, Beam was co-founded by leading academic researcher David R.
See Also
- Five stocks we like better than Beam Therapeutics
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
Receive News & Ratings for Beam Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beam Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.
