Aduro BioTech Inc (NASDAQ:ADRO) insider Stephen T. Isaacs sold 40,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $9.38, for a total value of $375,200.00. Following the transaction, the insider now directly owns 213,921 shares in the company, valued at $2,006,578.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Aduro BioTech Inc (ADRO) opened at $8.60 on Wednesday. Aduro BioTech Inc has a 1-year low of $6.01 and a 1-year high of $14.05.
Aduro BioTech (NASDAQ:ADRO) last announced its quarterly earnings data on Tuesday, October 31st. The biotechnology company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.03). The company had revenue of $3.79 million for the quarter, compared to analysts’ expectations of $4.04 million. Aduro BioTech had a negative net margin of 548.92% and a negative return on equity of 39.28%. Aduro BioTech’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the firm earned ($0.54) earnings per share. sell-side analysts forecast that Aduro BioTech Inc will post -1.28 earnings per share for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of Aduro BioTech by 283.7% during the second quarter. JPMorgan Chase & Co. now owns 372,348 shares of the biotechnology company’s stock valued at $4,244,000 after buying an additional 275,295 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Aduro BioTech by 5.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 145,112 shares of the biotechnology company’s stock valued at $1,560,000 after buying an additional 7,812 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Aduro BioTech by 2.1% during the first quarter. Vanguard Group Inc. now owns 2,382,916 shares of the biotechnology company’s stock valued at $25,617,000 after buying an additional 48,840 shares during the last quarter. PDT Partners LLC purchased a new stake in shares of Aduro BioTech during the second quarter valued at $570,000. Finally, Artal Group S.A. grew its holdings in shares of Aduro BioTech by 100.0% during the third quarter. Artal Group S.A. now owns 200,000 shares of the biotechnology company’s stock valued at $2,130,000 after buying an additional 100,000 shares during the last quarter. 45.19% of the stock is currently owned by hedge funds and other institutional investors.
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Aduro BioTech Company Profile
Aduro Biotech, Inc is an immunotherapy company, which focuses on the discovery, development and commercialization of therapies that manage the treatment of various diseases, including cancer. The Company’s product candidates from its Live, Attenuated, Double-Deleted (LADD) Listeria monocytogenes, Stimulator of Interferon Genes Pathway Activator, and B-select monoclonal antibody platforms are designed to stimulate and/or regulate innate and adaptive immune responses, either as single agents or in combination with conventional therapies, as well as other immunotherapies.
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