Stoke Therapeutics, Inc. (NASDAQ:STOK – Get Free Report) Director Edward Md Kaye sold 12,567 shares of Stoke Therapeutics stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $32.03, for a total value of $402,521.01. Following the transaction, the director directly owned 124,557 shares of the company’s stock, valued at approximately $3,989,560.71. This represents a 9.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Stoke Therapeutics Trading Up 0.0%
Shares of NASDAQ:STOK traded up $0.01 during midday trading on Tuesday, hitting $32.14. 574,554 shares of the stock were exchanged, compared to its average volume of 816,472. The stock has a market cap of $2.07 billion, a P/E ratio of -9.62 and a beta of 1.20. Stoke Therapeutics, Inc. has a twelve month low of $18.00 and a twelve month high of $40.22. The company has a 50 day moving average price of $30.81 and a 200-day moving average price of $32.21.
Stoke Therapeutics (NASDAQ:STOK – Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported ($0.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.80) by ($0.13). The business had revenue of $9.32 million for the quarter, compared to analyst estimates of $4.89 million. Stoke Therapeutics had a negative return on equity of 59.36% and a negative net margin of 753.60%. On average, equities research analysts expect that Stoke Therapeutics, Inc. will post -3.5 earnings per share for the current year.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on STOK
Hedge Funds Weigh In On Stoke Therapeutics
Several institutional investors and hedge funds have recently made changes to their positions in STOK. Kestra Advisory Services LLC bought a new stake in shares of Stoke Therapeutics in the fourth quarter worth $26,000. Quantbot Technologies LP bought a new stake in shares of Stoke Therapeutics in the 2nd quarter worth about $34,000. KBC Group NV bought a new position in shares of Stoke Therapeutics during the first quarter worth about $36,000. Harbour Investments Inc. grew its position in shares of Stoke Therapeutics by 312.9% in the 4th quarter. Harbour Investments Inc. now owns 1,185 shares of the company’s stock worth $38,000 after acquiring an additional 898 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Stoke Therapeutics by 66.2% in the second quarter. BNP Paribas Financial Markets now owns 4,186 shares of the company’s stock worth $48,000 after purchasing an additional 1,668 shares during the period.
Stoke Therapeutics Company Profile
Stoke Therapeutics, headquartered in Bedford, Massachusetts, is a clinical-stage biopharmaceutical company focused on developing genetic medicines to upregulate protein production for the treatment of rare neuromuscular and neurological disorders. Founded in 2014, the company applies its proprietary Targeted Augmentation of Nuclear Gene Output (TANGO™) platform to design antisense oligonucleotides that selectively modulate RNA splicing and enhance expression of functional proteins.
The company’s lead program, STK-001, is an antisense oligonucleotide therapy designed to increase production of the sodium channel protein SCN1A and is currently in clinical development for Dravet syndrome, a severe childhood-onset epilepsy.
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