Entrada Therapeutics, Inc. (NASDAQ:TRDA – Get 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.
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
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.
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