Is There A Rising Institutional Investor Interest in Agenus Inc. (AGEN)?

Agenus Inc. (NASDAQ:AGEN) marched up 81.82% compared to a 52-week low price of $1.54. The shares were last seen trading 11.55% higher, taking the closing price at $2.8 on 01/03/2019. At recent session, the prices were hovering between $2.51 and $2.85. This company shares are 150% off its target price of $7 and the current market capitalization stands at $342.05M. The recent change has given its price a 30% lead over SMA 50 and -54.77% deficit over its 52-week high. The stock witnessed 16.18% gains, 33.97% gains and 19.15% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found AGEN’s volatility during a week at 10.86% and during a month it has been found around 11.28%.

Agenus Inc. (AGEN) Top Holders

Institutional investors currently hold around $96 million or 32.4% in AGEN stock. Look at its top three institutional owners. Rtw Investments, Lp owns $24.66 million in Agenus Inc., which represents roughly 7.21% of the company’s market cap and approximately 25.69% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 5,896,521 shares of the stock are valued at $14.8 million. The third largest holder is Vanguard Group Inc, which currently holds $10.95 million worth of this stock and that ownership represents nearly 3.2% of its market capitalization.

Agenus Inc. 13F Filings

At the end of September reporting period, 53 institutional holders increased their position in Agenus Inc. (NASDAQ:AGEN) by some 2,580,129 shares, 41 decreased positions by 4,349,005 and 24 held positions by 31,298,463. That puts total institutional holdings at 38,227,597 shares, according to SEC filings. The stock grabbed 19 new institutional investments totaling 234,618 shares while 20 institutional investors sold out their entire positions totaling 2,745,125 shares.

Agenus Inc. (NASDAQ:AGEN) Insider Trades

Multiple company employees have indulged in significant insider trading. Agenus Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Chief Legal Officer Valentine Karen has sold 8,358 shares of Agenus Inc. (AGEN) in trading session dated Dec. 12, 2017. These shares are worth $28,919 and were traded at $3.46 each. The SEC filing shows that Klaskin Christine M performed a sale of 5,610 shares. The VP, Finance disposed these shares by way of transaction on Dec. 12, 2017. The company’s shares were given away at $3.46 per share worth to an income of some $19,411 on account of Klaskin Christine M.

Chief Technology Officer, Duncan Alex, sold 6,546 common shares of Agenus Inc. (AGEN) in the open market. In a transaction dated Dec. 12, 2017, the shares were put up for sale at an average price of $3.46, raking in a sum of $22,649. After this sale, 21,026 common shares of AGEN are directly owned by the insider, with total stake valued at $58,873.

In the transaction dated Dec. 12, 2017, the great number of shares disposed came courtesy the Chief Communications Officer; Buell Jennifer disposed a total of 3,511 shares at an average price of $3.46, amounting to approximately $12,148. The insider now directly owns 35,656 shares worth $99,837.

Agenus Inc. (AGEN) Analyst Guide

Not many analysts have released their opinion on Agenus Inc. (NASDAQ:AGEN), with 2 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.