47 hedge funds sold their entire positions in Versartis, Inc. (VSAR)

Versartis, Inc. (NASDAQ:VSAR) went up to recover about 10.64% since recording its record low price of $2.35. The stock experienced 6.12% jump, arriving at $2.6 on Oct. 2, 2017. During the day, the stock price traveled from $2.4 to $2.65. This company shares are 111.54% off its target price of $5.5 and the current market capitalization stands at $96.46M. The recent change has given its price a -84.4% deficit over SMA 50 and -89.17% deficit over its 52-week high. The stock witnessed -86.32% declines, -85.52% declines and -87.79% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found VSAR’s volatility during a week at 11.75% and during a month it has been found around 9.29%.

Versartis, Inc. (VSAR) Top Holders

Institutional investors currently hold around $69 million or 94% in VSAR stock. Look at its top three institutional owners. Perceptive Advisors Llc owns $10.8 million in Versartis, Inc., which represents roughly 11.19% of the company’s market cap and approximately 15.65% of the institutional ownership. Similar statistics are true for the second largest owner, Fmr Llc, which owns 3,842,476 shares of the stock are valued at $9.41 million. The third largest holder is Blackrock Inc., which currently holds $5.84 million worth of this stock and that ownership represents nearly 6.05% of its market capitalization.

Versartis, Inc. 13F Filings

At the end of 06/30/2017 reporting period, 58 institutional holders increased their position in Versartis, Inc. (NASDAQ:VSAR) by some 2,118,431 shares, 47 decreased positions by 1,305,896 and 17 held positions by 24,703,847. That puts total institutional holdings at 28,128,174 shares, according to SEC filings. The stock grabbed 19 new institutional investments totaling 797,709 shares while 23 institutional investors sold out their entire positions totaling 684,945 shares.

Versartis, Inc. (NASDAQ:VSAR) Insider Trades

Multiple company employees have indulged in significant insider trading. Versartis, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that 10% Owner Perceptive Life Sciences Maste has sold 2,130,000 shares of Versartis, Inc. (VSAR) in trading session dated Sep. 22, 2017. These shares are worth $7,007,700 and were traded at $3.29 each. The SEC filing shows that Brumm Joshua T performed a sale of 1,421 shares. The COO and CFO disposed these shares by way of transaction on Jun. 13, 2017. The company’s shares were given away at $16.05 per share worth to an income of some $22,807 on account of Brumm Joshua T.

SVP and Chief Business Officer, Westberg Paul, sold 711 common shares of Versartis, Inc. (VSAR) in the open market. In a transaction dated Jun. 13, 2017, the shares were put up for sale at an average price of $16.05, raking in a sum of $11,412. After this sale, 67,517 common shares of VSAR are directly owned by the insider, with total stake valued at $175,544.

In the transaction dated May. 16, 2017, the great number of shares disposed came courtesy the COO and CFO; Brumm Joshua T disposed a total of 1,263 shares at an average price of $17.4, amounting to approximately $21,976. The insider now directly owns 107,016 shares worth $278,242.

Versartis, Inc. (VSAR) Analyst Guide

Several analysts have released their opinion on Versartis, Inc. (NASDAQ:VSAR), with 2 analysts believing it is a strong buy. Whereas 6 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.5 average brokerage recommendation.

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