Insider Buying: Spring Bank Pharmaceuticals, Inc. (SBPH) Director Acquires $30,600.00 in Stock

Spring Bank Pharmaceuticals, Inc. (NASDAQ:SBPH) Director David Arkowitz bought 2,500 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was acquired at an average price of $12.24 per share, for a total transaction of $30,600.00. Following the completion of the purchase, the director now directly owns 17,086 shares in the company, valued at $209,132.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Spring Bank Pharmaceuticals, Inc. (SBPH) traded up 0.50% during trading on Thursday, hitting $12.07. The stock had a trading volume of 2,860 shares. The company’s market cap is $153.25 million. The stock has a 50 day moving average of $14.16 and a 200 day moving average of $11.15. Spring Bank Pharmaceuticals, Inc. has a 12 month low of $6.31 and a 12 month high of $16.97.

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A number of equities analysts have weighed in on the company. ValuEngine upgraded Spring Bank Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th. Cantor Fitzgerald assumed coverage on Spring Bank Pharmaceuticals in a research note on Wednesday, July 19th. They issued an “overweight” rating and a $29.00 target price on the stock. Chardan Capital decreased their target price on Spring Bank Pharmaceuticals from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, August 1st. Finally, JMP Securities began coverage on Spring Bank Pharmaceuticals in a research report on Friday, May 19th. They set a “market perform” rating and a $20.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $26.25.

Large investors have recently modified their holdings of the company. C WorldWide Group Holding A S acquired a new position in Spring Bank Pharmaceuticals during the second quarter worth approximately $340,000. Private Capital Advisors Inc. raised its stake in shares of Spring Bank Pharmaceuticals by 50.0% in the second quarter. Private Capital Advisors Inc. now owns 56,250 shares of the company’s stock worth $762,000 after buying an additional 18,750 shares during the last quarter. Morse Asset Management Inc raised its stake in shares of Spring Bank Pharmaceuticals by 156.9% in the second quarter. Morse Asset Management Inc now owns 63,700 shares of the company’s stock worth $862,000 after buying an additional 38,900 shares during the last quarter. Parsons Capital Management Inc. RI raised its stake in shares of Spring Bank Pharmaceuticals by 19.6% in the first quarter. Parsons Capital Management Inc. RI now owns 233,443 shares of the company’s stock worth $2,078,000 after buying an additional 38,278 shares during the last quarter. Finally, Sphera Funds Management LTD. purchased a new stake in shares of Spring Bank Pharmaceuticals during the second quarter worth about $2,370,000. 9.82% of the stock is currently owned by institutional investors.

Spring Bank Pharmaceuticals Company Profile

Spring Bank Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company is engaged in the discovery and development of a class of therapeutics using its small molecule nucleic acid hybrid (SMNH) chemistry platform. The Company is developing its SMNH product, SB 9200, for the treatment of viral diseases.

Insider Buying and Selling by Quarter for Spring Bank Pharmaceuticals (NASDAQ:SBPH)

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