CRISPR Therapeutics Faces Renewed Pressure Amid Insider Sales
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Source: Benzinga
- Insider Selling Impact: CEO Samarth Kulkarni sold over 90,000 shares over three days last week, unsettling investors despite retaining approximately 85,000 shares, leading to a stock price drop of over 10%.
- Weak Revenue Growth: The company reported only $890,000 in revenue for Q3, significantly below the consensus estimate of $8.06 million, which further eroded investor confidence and negatively impacted stock performance.
- Momentum Score Decline: CRISPR's momentum score in Benzinga's stock rankings fell from 76.81 to 50.97, indicating poor price trends and volatility across multiple time frames, reflecting unfavorable short- and medium-term price movements.
- Fund Holding Changes: Frequently featured in Cathie Wood's funds, CRISPR's declining momentum score may lead to reduced confidence among investors, potentially affecting its holdings in these funds.
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Analyst Views on CRSP
Wall Street analysts forecast CRSP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRSP is 68.88 USD with a low forecast of 40.00 USD and a high forecast of 105.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
11 Buy
7 Hold
0 Sell
Moderate Buy
Current: 54.260
Low
40.00
Averages
68.88
High
105.00
Current: 54.260
Low
40.00
Averages
68.88
High
105.00
About CRSP
CRISPR Therapeutics AG is a Switzerland-based gene editing company focused on the development of CRISPR/Cas9-based therapeutics. CRISPR/Cas9 stands for Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR)/CRISPR-associated protein 9 (Cas9) and is a technology for gene editing, the process of precisely altering specific sequences of genomic DNA. The Company aims to apply this technology to disrupt, delete, correct and insert genes to treat genetically-defined diseases and to engineer advanced cellular therapies. The Company has acquired the rights to the intellectual property (IP) encompassing CRISPR/Cas9 and related technologies and is also involved in its own IP research and additional in-licensing efforts. The Company product development and partnership strategies are designed to exploit the full potential of the CRISPR/Cas9 platform while maximizing the probability of successfully developing their product candidates.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Continue Reading
CRISPR Therapeutics Faces Renewed Pressure Amid Insider Sales
- Insider Selling Impact: CEO Samarth Kulkarni sold over 90,000 shares over three days last week, unsettling investors despite retaining approximately 85,000 shares, leading to a stock price drop of over 10%.
- Weak Revenue Growth: The company reported only $890,000 in revenue for Q3, significantly below the consensus estimate of $8.06 million, which further eroded investor confidence and negatively impacted stock performance.
- Momentum Score Decline: CRISPR's momentum score in Benzinga's stock rankings fell from 76.81 to 50.97, indicating poor price trends and volatility across multiple time frames, reflecting unfavorable short- and medium-term price movements.
- Fund Holding Changes: Frequently featured in Cathie Wood's funds, CRISPR's declining momentum score may lead to reduced confidence among investors, potentially affecting its holdings in these funds.
Continue Reading