37 institutional investors are raising stakes in NantKwest, Inc. (NK)

NantKwest, Inc. (NASDAQ:NK) enjoyed a 58.67% run-up in share price since hitting record low of $2.71. The stock managed -6.72% fall and now stands at $4.3 as of 03/13/2018. At recent session, the prices were hovering between $4.25 and $4.68. This company shares are 8.6% off its target price of $4.67 and the current market capitalization stands at $333.55M. The recent change has given its price a -4.41% deficit over SMA 50 and -49.11% deficit over its 52-week high. The stock witnessed 10.82% gains, -13.13% declines and -28.09% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found NK’s volatility during a week at 6.17% and during a month it has been found around 7.14%.

NantKwest, Inc. (NK) Top Holders

Institutional investors currently hold around $58 million or 15.9% in NK stock. Look at its top three institutional owners. Blackrock Inc. owns $12.5 million in NantKwest, Inc., which represents roughly 3.75% of the company’s market cap and approximately 21.55% of the institutional ownership. Similar statistics are true for the second largest owner, Capital Research Global Investors, which owns 2,660,990 shares of the stock are valued at $12.27 million. The third largest holder is Vanguard Group Inc, which currently holds $8.48 million worth of this stock and that ownership represents nearly 2.54% of its market capitalization.

NantKwest, Inc. 13F Filings

At the end of 12/31/2017 reporting period, 37 institutional holders increased their position in NantKwest, Inc. (NASDAQ:NK) by some 706,571 shares, 21 decreased positions by 3,382,499 and 13 held positions by 8,418,414. That puts total institutional holdings at 12,507,484 shares, according to SEC filings. The stock grabbed 14 new institutional investments totaling 184,224 shares while 7 institutional investors sold out their entire positions totaling 136,154 shares.

NantKwest, Inc. (NASDAQ:NK) Insider Trades

Multiple company employees have indulged in significant insider trading. NantKwest, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Gorlin Steve has sold 39,604 shares of NantKwest, Inc. (NK) in trading session dated Sep. 13, 2017. These shares are worth $234,852 and were traded at $5.93 each. The SEC filing shows that Gorlin Steve performed a sale of 103,841 shares. The Director disposed these shares by way of transaction on Sep. 12, 2017. The company’s shares were given away at $6.04 per share worth to an income of some $627,200 on account of Gorlin Steve.

Director, Gorlin Steve, sold 40,000 common shares of NantKwest, Inc. (NK) in the open market. In a transaction dated Jun. 20, 2017, the shares were put up for sale at an average price of $7.78, raking in a sum of $311,200. After this sale, 911,445 common shares of NK are directly owned by the insider, with total stake valued at $3,919,214.

In the transaction dated Jun. 20, 2017, the great number of shares disposed came courtesy the Director; Thomas John C disposed a total of 40,000 shares at an average price of $7.46, amounting to approximately $298,400. The insider now directly owns 278,655 shares worth $1,198,217.

NantKwest, Inc. (NK) Analyst Guide

Several analysts have released their opinion on NantKwest, Inc. (NASDAQ:NK), with 0 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 1 strong sell ratings, collectively assigning a 4 average brokerage recommendation.

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