Audentes Therapeutics (BOLD) Sees Unusually-High Trading Volume

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Audentes Therapeutics Inc (NASDAQ:BOLD) saw an uptick in trading volume on Friday . 1,448,627 shares changed hands during mid-day trading, an increase of 163% from the previous session’s volume of 550,612 shares.The stock last traded at $38.10 and had previously closed at $38.07.

Several brokerages recently weighed in on BOLD. Svb Leerink lifted their price target on Audentes Therapeutics from $37.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. ValuEngine lowered Audentes Therapeutics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 18th. Piper Jaffray Companies lifted their price target on Audentes Therapeutics from $45.00 to $55.00 and gave the company a “positive” rating in a research note on Monday, April 8th. Wedbush lifted their price target on Audentes Therapeutics from $52.00 to $57.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. Finally, BidaskClub upgraded Audentes Therapeutics from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $39.92.

The firm has a market capitalization of $1.69 billion, a PE ratio of -11.21 and a beta of 1.85.

Audentes Therapeutics (NASDAQ:BOLD) last posted its quarterly earnings data on Tuesday, May 7th. The biotechnology company reported ($1.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.90) by ($0.23). During the same period in the prior year, the business posted ($0.74) earnings per share. As a group, research analysts forecast that Audentes Therapeutics Inc will post -4.43 earnings per share for the current fiscal year.

In related news, VP Suyash Prasad sold 10,000 shares of Audentes Therapeutics stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $30.06, for a total value of $300,600.00. Following the sale, the vice president now directly owns 28,236 shares in the company, valued at approximately $848,774.16. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Matthew R. Patterson sold 21,000 shares of Audentes Therapeutics stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $30.00, for a total value of $630,000.00. Following the completion of the sale, the chief executive officer now owns 135,700 shares in the company, valued at $4,071,000. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,000 shares of company stock worth $2,020,400. 5.30% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of BOLD. Great Point Partners LLC acquired a new stake in Audentes Therapeutics in the 4th quarter worth about $35,346,000. Partner Fund Management L.P. boosted its holdings in shares of Audentes Therapeutics by 94.4% during the 4th quarter. Partner Fund Management L.P. now owns 3,021,259 shares of the biotechnology company’s stock worth $64,413,000 after purchasing an additional 1,467,120 shares during the last quarter. Gilder Gagnon Howe & Co. LLC boosted its holdings in shares of Audentes Therapeutics by 913.5% during the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 1,619,831 shares of the biotechnology company’s stock worth $63,206,000 after purchasing an additional 1,459,999 shares during the last quarter. BB Biotech AG acquired a new position in shares of Audentes Therapeutics during the 4th quarter worth approximately $16,404,000. Finally, Millennium Management LLC acquired a new position in shares of Audentes Therapeutics during the 4th quarter worth approximately $12,600,000. Institutional investors own 97.95% of the company’s stock.

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Audentes Therapeutics Company Profile (NASDAQ:BOLD)

Audentes Therapeutics, Inc, a clinical stage biotechnology company, focuses on developing and commercializing gene therapy products for patients living with serious, life-threatening rare diseases caused by single gene defects. The company is developing AT132, which is in Phase I/II clinical studies for the treatment of X-linked myotubular myopathy (XLMTM); AT342 that is in Phase I/II clinical studies to treat crigler-najjar syndrome; AT845, which is in preclinical studies for the treatment of pompe disease; and AT307 to treat CASQ2 subtype of catecholaminergic polymorphic ventricular tachycardia.

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