Spark Therapeutics, Inc. (ONCE) Insider Sells $416,500.00 in Stock

Spark Therapeutics, Inc. (NASDAQ:ONCE) insider Katherine A. High sold 5,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $83.30, for a total value of $416,500.00. Following the sale, the insider now owns 215,000 shares in the company, valued at $17,909,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Spark Therapeutics, Inc. (NASDAQ ONCE) opened at $73.93 on Thursday. Spark Therapeutics, Inc. has a 52 week low of $45.69 and a 52 week high of $91.75.

Spark Therapeutics (NASDAQ:ONCE) last issued its earnings results on Tuesday, November 7th. The biotechnology company reported ($1.90) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.79) by ($0.11). The firm had revenue of $1.90 million during the quarter, compared to analysts’ expectations of $1.40 million. Spark Therapeutics had a negative return on equity of 75.29% and a negative net margin of 1,090.11%. The firm’s quarterly revenue was up 45.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.07) EPS. equities analysts predict that Spark Therapeutics, Inc. will post -7.56 EPS for the current fiscal year.

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Several brokerages have recently weighed in on ONCE. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $111.00 price target on shares of Spark Therapeutics in a research report on Friday, October 6th. BMO Capital Markets set a $89.00 price objective on Spark Therapeutics and gave the stock a “buy” rating in a report on Tuesday, October 10th. Cowen and Company reissued a “buy” rating and set a $95.00 price objective on shares of Spark Therapeutics in a report on Tuesday, October 10th. Raymond James Financial, Inc. began coverage on Spark Therapeutics in a report on Thursday, October 12th. They set an “outperform” rating and a $96.00 price objective for the company. Finally, Barclays PLC boosted their price objective on Spark Therapeutics from $104.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eighteen have assigned a buy rating to the company. Spark Therapeutics has a consensus rating of “Buy” and a consensus target price of $90.36.

Several large investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Spark Therapeutics by 167.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,191 shares of the biotechnology company’s stock valued at $285,000 after purchasing an additional 2,000 shares during the period. EAM Investors LLC purchased a new stake in shares of Spark Therapeutics during the third quarter valued at approximately $2,447,000. Chartwell Investment Partners LLC purchased a new stake in shares of Spark Therapeutics during the third quarter valued at approximately $1,887,000. Ameriprise Financial Inc. boosted its stake in shares of Spark Therapeutics by 6.0% during the third quarter. Ameriprise Financial Inc. now owns 207,360 shares of the biotechnology company’s stock valued at $18,489,000 after purchasing an additional 11,785 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of Spark Therapeutics by 399.6% during the third quarter. SG Americas Securities LLC now owns 17,113 shares of the biotechnology company’s stock valued at $1,526,000 after purchasing an additional 13,688 shares during the period. 77.30% of the stock is owned by hedge funds and other institutional investors.

Spark Therapeutics Company Profile

Spark Therapeutics, Inc is a gene therapy company. The Company focuses on treating orphan diseases. It has a pipeline of product candidates targeting multiple rare blinding conditions, hematologic disorders and neurodegenerative diseases. Its pipeline includes a product candidate targeting choroideremia (CHM), which is in a Phase I/II clinical trial and a product candidate for hemophilia A, which is in a Phase I/II clinical trial.

Insider Buying and Selling by Quarter for Spark Therapeutics (NASDAQ:ONCE)

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