ImmunityBio (NASDAQ:IBRX) Director Barry Simon Sells 25,000 Shares of Company Stock

by · The Markets Daily

ImmunityBio, Inc. (NASDAQ:IBRX – Get Free Report) Director Barry Simon sold 25,000 shares of the firm’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $10.75, for a total transaction of $268,750.00. Following the transaction, the director owned 2,777,788 shares of the company’s stock, valued at approximately $29,861,221. This represents a 0.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ImmunityBio Stock Performance

Shares of IBRX stock traded down $0.69 during trading hours on Tuesday, hitting $9.69. The company had a trading volume of 16,841,849 shares, compared to its average volume of 20,774,146. ImmunityBio, Inc. has a 12 month low of $1.95 and a 12 month high of $12.43. The firm has a market capitalization of $10.27 billion, a price-to-earnings ratio of -9.99 and a beta of 0.02. The firm’s fifty day moving average is $8.09 and its 200 day moving average is $7.86.

ImmunityBio (NASDAQ:IBRX – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.14). The company had revenue of $51.24 million during the quarter, compared to analyst estimates of $49.70 million. On average, sell-side analysts expect that ImmunityBio, Inc. will post -0.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on IBRX. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ImmunityBio in a report on Friday, July 10th. Jefferies Financial Group raised shares of ImmunityBio to a “strong-buy” rating in a report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.20.

View Our Latest Research Report on ImmunityBio

Hedge Funds Weigh In On ImmunityBio

Several institutional investors have recently bought and sold shares of IBRX. BlackRock Inc. boosted its stake in ImmunityBio by 29.4% in the second quarter. BlackRock Inc. now owns 34,083,262 shares of the company’s stock worth $298,399,000 after purchasing an additional 7,736,819 shares in the last quarter. State Street Corp increased its stake in shares of ImmunityBio by 20.8% in the second quarter. State Street Corp now owns 21,398,438 shares of the company’s stock valued at $187,343,000 after buying an additional 3,690,335 shares in the last quarter. Bank of America Corp DE bought a new position in shares of ImmunityBio in the second quarter valued at about $19,125,000. SEB Asset Management AB bought a new position in shares of ImmunityBio in the first quarter valued at about $18,770,000. Finally, Private Advisor Group LLC lifted its position in ImmunityBio by 923.5% during the 1st quarter. Private Advisor Group LLC now owns 1,648,556 shares of the company’s stock worth $12,644,000 after buying an additional 1,487,482 shares in the last quarter. Institutional investors own 8.58% of the company’s stock.

ImmunityBio Company Profile

(Get Free Report)

ImmunityBio, Inc is a biotechnology company focused on developing and commercializing immunotherapies designed to activate and strengthen the body’s immune system against cancer and infectious diseases. The company combines cytokine-based therapies, vaccines, cellular therapies and other immune-modulating technologies in an effort to create durable treatment responses.

Its lead product, ANKTIVA (nogapendekin alfa inbakicept-pmln), is an interleukin-15 receptor agonist immune stimulator.

Recommended Stories