Quantbot Technologies LP Buys Shares of 6,302 Apogee Therapeutics Inc. $APGE

Quantbot Technologies LP bought a new stake in shares of Apogee Therapeutics Inc. (NASDAQ:APGEFree Report) in the second quarter, Holdings Channel reports. The fund bought 6,302 shares of the company’s stock, valued at approximately $836,000.

Other large investors also recently modified their holdings of the company. TD Asset Management Inc lifted its stake in Apogee Therapeutics by 55.3% in the fourth quarter. TD Asset Management Inc now owns 129,290 shares of the company’s stock valued at $9,759,000 after purchasing an additional 46,050 shares during the last quarter. Vanguard Group Inc. increased its position in Apogee Therapeutics by 27.3% in the fourth quarter. Vanguard Group Inc. now owns 2,857,824 shares of the company’s stock worth $215,709,000 after buying an additional 612,193 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Apogee Therapeutics by 7.3% in the first quarter. Bank of New York Mellon Corp now owns 126,757 shares of the company’s stock valued at $10,669,000 after buying an additional 8,673 shares during the period. Alberta Investment Management Corp bought a new stake in shares of Apogee Therapeutics in the second quarter valued at $9,955,000. Finally, Bank of America Corp DE lifted its position in shares of Apogee Therapeutics by 13.5% during the 1st quarter. Bank of America Corp DE now owns 900,871 shares of the company’s stock valued at $75,826,000 after buying an additional 107,176 shares during the last quarter. Hedge funds and other institutional investors own 79.04% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Michael Thomas Henderson sold 20,000 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $133.63, for a total value of $2,672,600.00. Following the sale, the chief executive officer owned 995,987 shares in the company, valued at approximately $133,093,742.81. This trade represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Carl Dambkowski sold 5,500 shares of Apogee Therapeutics stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $134.17, for a total value of $737,935.00. Following the sale, the insider directly owned 168,498 shares of the company’s stock, valued at $22,607,376.66. This represents a 3.16% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 162,900 shares of company stock worth $20,344,950 in the last quarter. 24.30% of the stock is currently owned by company insiders.

Apogee Therapeutics Trading Up 0.1%

Shares of NASDAQ:APGE opened at $134.95 on Thursday. The company has a 50 day moving average of $132.21 and a 200 day moving average of $97.78. The stock has a market cap of $8.39 billion, a P/E ratio of -31.09 and a beta of 0.34. Apogee Therapeutics Inc. has a 12 month low of $35.39 and a 12 month high of $134.99.

Apogee Therapeutics (NASDAQ:APGEGet Free Report) last posted its earnings results on Monday, August 10th. The company reported ($1.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.07) by ($0.07). On average, equities analysts forecast that Apogee Therapeutics Inc. will post -4.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Rothschild & Co Redburn started coverage on Apogee Therapeutics in a research note on Friday, May 1st. They set a “buy” rating and a $140.00 price target for the company. Royal Bank Of Canada upped their price objective on shares of Apogee Therapeutics from $82.00 to $97.00 and gave the company a “sector perform” rating in a report on Monday, June 8th. UBS Group downgraded shares of Apogee Therapeutics from a “buy” rating to a “neutral” rating and upped their price objective for the company from $100.00 to $135.11 in a report on Tuesday, June 23rd. Craig Hallum set a $135.11 target price on shares of Apogee Therapeutics and gave the stock a “hold” rating in a research note on Monday, June 22nd. Finally, Wedbush downgraded shares of Apogee Therapeutics from an “outperform” rating to a “neutral” rating and set a $135.00 target price for the company. in a research note on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $124.43.

Check Out Our Latest Stock Analysis on Apogee Therapeutics

Apogee Therapeutics Profile

(Free Report)

Apogee Therapeutics, Inc is a clinical-stage biotechnology company dedicated to the discovery and development of novel small molecule therapeutics that selectively target the nuclear receptor RORγt, a master regulator of T cell-driven inflammatory pathways. By modulating RORγt activity, Apogee aims to offer an oral treatment option for patients with autoimmune and inflammatory skin disorders.

The company’s lead candidate, APG-157, is an oral RORγt inverse agonist currently undergoing early-stage clinical evaluation for moderate to severe plaque psoriasis.

See Also

Want to see what other hedge funds are holding APGE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apogee Therapeutics Inc. (NASDAQ:APGEFree Report).

Institutional Ownership by Quarter for Apogee Therapeutics (NASDAQ:APGE)

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