Entrada Therapeutics (NASDAQ:TRDA) Major Shareholder Bioventures 2014 L.P. Mpm Sells 14,569 Shares of Stock

Entrada Therapeutics, Inc. (NASDAQ:TRDAGet Free Report) major shareholder Bioventures 2014 L.P. Mpm sold 14,569 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $7.06, for a total transaction of $102,857.14. Following the completion of the sale, the insider directly owned 4,318,348 shares in the company, valued at approximately $30,487,536.88. The trade was a 0.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Bioventures 2014 L.P. Mpm also recently made the following trade(s):

  • On Tuesday, August 25th, Bioventures 2014 L.P. Mpm sold 26,522 shares of Entrada Therapeutics stock. The shares were sold at an average price of $7.54, for a total value of $199,975.88.
  • On Monday, August 24th, Bioventures 2014 L.P. Mpm sold 21,623 shares of Entrada Therapeutics stock. The stock was sold at an average price of $7.34, for a total transaction of $158,712.82.

Entrada Therapeutics Trading Down 8.1%

TRDA opened at $7.00 on Thursday. Entrada Therapeutics, Inc. has a twelve month low of $5.02 and a twelve month high of $16.45. The business’s 50 day moving average is $7.08 and its 200-day moving average is $9.36. The stock has a market cap of $272.58 million, a PE ratio of -1.77 and a beta of -0.26.

Entrada Therapeutics (NASDAQ:TRDAGet Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($1.01) EPS for the quarter, missing analysts’ consensus estimates of ($0.97) by ($0.04). The company had revenue of $0.90 million for the quarter, compared to analysts’ expectations of $2.32 million. Entrada Therapeutics had a negative net margin of 3,537.73% and a negative return on equity of 57.61%. As a group, analysts forecast that Entrada Therapeutics, Inc. will post -4.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TRDA shares. Guggenheim reduced their price objective on Entrada Therapeutics from $20.00 to $17.00 and set a “buy” rating on the stock in a research note on Monday, June 8th. Roth Capital reaffirmed a “buy” rating and issued a $11.00 target price on shares of Entrada Therapeutics in a research note on Wednesday, August 12th. HC Wainwright lowered shares of Entrada Therapeutics from a “buy” rating to a “neutral” rating in a report on Friday, May 8th. Finally, Weiss Ratings downgraded Entrada Therapeutics from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, August 13th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $17.75.

Read Our Latest Stock Report on TRDA

Institutional Trading of Entrada Therapeutics

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Odyssean LLC acquired a new stake in Entrada Therapeutics during the 2nd quarter worth approximately $230,000. Nantahala Capital Management LLC purchased a new stake in shares of Entrada Therapeutics during the second quarter valued at approximately $2,212,232,000. Public Employees Retirement System of Ohio acquired a new position in shares of Entrada Therapeutics in the 2nd quarter valued at approximately $276,000. Bank of America Corp DE bought a new position in Entrada Therapeutics during the 2nd quarter worth approximately $426,000. Finally, 5AM Venture Management LLC acquired a new stake in Entrada Therapeutics during the second quarter worth about $29,854,949,000. 86.39% of the stock is currently owned by hedge funds and other institutional investors.

Entrada Therapeutics Company Profile

(Get Free Report)

Entrada Therapeutics (NASDAQ: TRDA) is a clinical-stage biotechnology company focused on enabling the development of protein-based therapeutics that can cross cell membranes and engage intracellular targets. Using its proprietary cell-penetrating miniature protein (CPMP) platform and intracellular targeting of proteins (iTOP) delivery technology, Entrada aims to expand the range of diseases addressable by large-molecule drugs.

The company’s pipeline includes programs in rare and serious diseases where conventional biologics have limited intracellular activity.

Further Reading

Insider Buying and Selling by Quarter for Entrada Therapeutics (NASDAQ:TRDA)

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