MannKind Corporation (MNKD) held by 40 SEC 13F Filers

MannKind Corporation (NASDAQ:MNKD) recovered 81.61% of its value since hitting low of $0.98. The recent move of -12.75% drop pushed the stock to close at $1.78 when trading ended on 09/07/2018. At recent session, the prices were hovering between $1.7 and $2.049. This company shares are 124.72% off its target price of $4 and the current market capitalization stands at $312.11M. The recent change has given its price a 20.74% lead over SMA 50 and -74.43% deficit over its 52-week high. The stock witnessed 42.4% gains, -9.18% declines and -34.56% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found MNKD’s volatility during a week at 25.25% and during a month it has been found around 10.61%.

MannKind Corporation (MNKD) Top Holders

Institutional investors currently hold around $69 million or 28.3% in MNKD stock. Look at its top three institutional owners. Blackrock Inc. owns $18.44 million in MannKind Corporation, which represents roughly 5.91% of the company’s market cap and approximately 26.73% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 6,328,007 shares of the stock are valued at $11.26 million. The third largest holder is D. E. Shaw & Co., Inc., which currently holds $7.03 million worth of this stock and that ownership represents nearly 2.25% of its market capitalization.

MannKind Corporation 13F Filings

At the end of June reporting period, 65 institutional holders increased their position in MannKind Corporation (NASDAQ:MNKD) by some 17,431,020 shares, 37 decreased positions by 5,683,923 and 40 held positions by 15,800,000. That puts total institutional holdings at 38,900,000 shares, according to SEC filings. The stock grabbed 38 new institutional investments totaling 2,506,117 shares while 18 institutional investors sold out their entire positions totaling 838,069 shares.

MannKind Corporation (NASDAQ:MNKD) Insider Trades

Multiple company employees have indulged in significant insider trading. MannKind Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CEO Castagna Michael has acquired 5,000 shares of MannKind Corporation (MNKD) in trading session dated Aug. 02, 2018. These shares are worth $6,550 and were traded at $1.31 each. The SEC filing shows that Binder Steven B. performed a purchase of 1,760 shares. The CFO added these shares by way of transaction on Aug. 02, 2018. The company’s shares were assimilated at $1.31 per share worth to an investment of some $2,306 on account of Binder Steven B..

Chief Compliance Officer, Barton Courtney, purchased 5,000 common shares of MannKind Corporation (MNKD) in the open market. In a transaction dated Aug. 02, 2018, the shares were bought at an average price of $1.31, giving away a sum of $6,550. After this purchase, 7,000 common shares of MNKD are directly owned by the insider, with total stake valued at $12,500.

In the transaction dated Aug. 02, 2018, the great number of shares acquired came courtesy the Chief Commercial Officer; Mccauley Patrick added a total of 5,000 shares at an average price of $1.31, amounting to approximately $6,550. The insider now directly owns 31,041 shares worth $55,300.

MannKind Corporation (MNKD) Analyst Guide

Not many analysts have released their opinion on MannKind Corporation (NASDAQ:MNKD), with 1 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1 average brokerage recommendation.