Juno Therapeutics (JUNO) Shares Gap Down on Insider Selling

Juno Therapeutics Inc (NASDAQ:JUNO) shares gapped down before the market opened on Friday following insider selling activity. The stock had previously closed at $72.90, but opened at $71.37. Juno Therapeutics shares last traded at $67.81, with a volume of 5223347 shares changing hands.

Specifically, CEO Hans Edgar Bishop sold 270,250 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $46.17, for a total value of $12,477,442.50. Following the transaction, the chief executive officer now directly owns 2,772,679 shares of the company’s stock, valued at $128,014,589.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert Azelby sold 1,816 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $44.96, for a total transaction of $81,647.36. Following the completion of the transaction, the executive vice president now directly owns 70,832 shares in the company, valued at $3,184,606.72. The disclosure for this sale can be found here. Insiders sold 365,337 shares of company stock worth $17,540,499 over the last ninety days. Insiders own 15.08% of the company’s stock.

A number of research analysts have weighed in on the stock. Citigroup lowered shares of Juno Therapeutics from a “buy” rating to a “neutral” rating in a research note on Wednesday. Raymond James Financial reaffirmed a “buy” rating on shares of Juno Therapeutics in a research note on Wednesday. Cowen reiterated a “buy” rating on shares of Juno Therapeutics in a report on Friday, November 3rd. Zacks Investment Research downgraded shares of Juno Therapeutics from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Finally, Wells Fargo & Co downgraded shares of Juno Therapeutics from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 12th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $47.26.

The company has a quick ratio of 4.77, a current ratio of 4.77 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $7,740.00, a price-to-earnings ratio of -20.00 and a beta of 2.32.

Juno Therapeutics (NASDAQ:JUNO) last posted its quarterly earnings data on Wednesday, November 1st. The biopharmaceutical company reported ($0.73) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.80) by $0.07. Juno Therapeutics had a negative net margin of 332.05% and a negative return on equity of 32.54%. The business had revenue of $44.80 million during the quarter, compared to the consensus estimate of $18.12 million. During the same quarter last year, the company posted ($0.57) earnings per share. The firm’s quarterly revenue was up 115.4% compared to the same quarter last year. research analysts anticipate that Juno Therapeutics Inc will post -4.02 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new stake in Juno Therapeutics during the fourth quarter worth about $173,000. CAPROCK Group Inc. purchased a new stake in Juno Therapeutics during the fourth quarter worth about $260,000. Schwab Charles Investment Management Inc. increased its holdings in Juno Therapeutics by 16.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 378,195 shares of the biopharmaceutical company’s stock worth $17,288,000 after buying an additional 53,821 shares during the last quarter. California Public Employees Retirement System increased its holdings in Juno Therapeutics by 2.7% during the third quarter. California Public Employees Retirement System now owns 73,100 shares of the biopharmaceutical company’s stock worth $3,279,000 after buying an additional 1,900 shares during the last quarter. Finally, Capital Bank & Trust Co purchased a new stake in Juno Therapeutics during the third quarter worth about $8,517,000. Institutional investors and hedge funds own 69.94% of the company’s stock.

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Juno Therapeutics Company Profile

Juno Therapeutics, Inc (Juno) is a biopharmaceutical company, which is focused on developing cellular immunotherapies for the treatment of cancer. The Company is developing cell-based cancer immunotherapies based on its chimeric antigen receptor (CAR) and T cell receptor (TCR) technologies to genetically engineer T cells to recognize and kill cancer cells.

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