Joe Newell Sells 1,500 Shares of Atara Biotherapeutics Inc (ATRA) Stock

Atara Biotherapeutics Inc (NASDAQ:ATRA) insider Joe Newell sold 1,500 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $35.00, for a total value of $52,500.00. Following the completion of the sale, the insider now directly owns 62,998 shares of the company’s stock, valued at approximately $2,204,930. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Joe Newell also recently made the following trade(s):

  • On Monday, April 1st, Joe Newell sold 1,500 shares of Atara Biotherapeutics stock. The stock was sold at an average price of $39.96, for a total value of $59,940.00.
  • On Friday, March 1st, Joe Newell sold 1,500 shares of Atara Biotherapeutics stock. The stock was sold at an average price of $36.13, for a total value of $54,195.00.

ATRA stock traded down $0.57 during midday trading on Friday, reaching $22.21. The stock had a trading volume of 273,267 shares, compared to its average volume of 556,823. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of -4.21 and a beta of 2.11. The company has a debt-to-equity ratio of 0.05, a current ratio of 9.96 and a quick ratio of 9.96. Atara Biotherapeutics Inc has a 52-week low of $21.61 and a 52-week high of $51.40.

Atara Biotherapeutics (NASDAQ:ATRA) last issued its earnings results on Thursday, May 9th. The biotechnology company reported ($1.44) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.48) by $0.04. As a group, equities research analysts expect that Atara Biotherapeutics Inc will post -5.62 earnings per share for the current year.

ATRA has been the subject of a number of recent analyst reports. ValuEngine cut Atara Biotherapeutics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 10th. Mizuho restated a “buy” rating and issued a $62.00 target price on shares of Atara Biotherapeutics in a research note on Tuesday, February 26th. Cowen restated a “buy” rating on shares of Atara Biotherapeutics in a research note on Tuesday, February 26th. BidaskClub upgraded Atara Biotherapeutics from a “hold” rating to a “buy” rating in a research note on Thursday, February 7th. Finally, William Blair restated an “outperform” rating on shares of Atara Biotherapeutics in a research note on Monday, April 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Atara Biotherapeutics currently has a consensus rating of “Hold” and a consensus target price of $40.20.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATRA. Manchester Capital Management LLC purchased a new position in shares of Atara Biotherapeutics during the 1st quarter valued at about $56,000. Quantamental Technologies LLC purchased a new position in shares of Atara Biotherapeutics during the 4th quarter valued at about $62,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Atara Biotherapeutics by 31.7% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,042 shares of the biotechnology company’s stock valued at $115,000 after buying an additional 974 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Atara Biotherapeutics during the 4th quarter valued at about $128,000. Finally, Coastal Investment Advisors Inc. purchased a new position in shares of Atara Biotherapeutics during the 1st quarter valued at about $142,000.

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Atara Biotherapeutics Company Profile

Atara Biotherapeutics, Inc, an off-the-shelf T-cell immunotherapy company, develops treatments for patients with cancer, autoimmune, and viral diseases in the United States. It is developing tabelecleucel, a T-cell immunotherapy that is Phase III clinical trials for the treatment of rituximab-refractory epstein-barr virus (EBV) associated post-transplant lymphoproliferative disorder, as well as other EBV associated hematologic and solid tumors, including nasopharyngeal carcinoma.

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