In other news, SVP Stephen K. Doberstein sold 3,461 shares of Nektar Therapeutics stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $31.37, for a total transaction of $108,571.57. Following the completion of the sale, the senior vice president now owns 95,913 shares in the company, valued at approximately $3,008,790.81. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Gil M. Labrucherie sold 3,767 shares of Nektar Therapeutics stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $31.37, for a total transaction of $118,170.79. The disclosure for this sale can be found here. In the last quarter, insiders have sold 253,283 shares of company stock valued at $8,356,254. 4.02% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. grew its stake in Nektar Therapeutics by 54.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 6,761 shares of the biopharmaceutical company’s stock worth $222,000 after acquiring an additional 2,395 shares during the period. Advisor Group Inc. grew its stake in Nektar Therapeutics by 21.4% in the 4th quarter. Advisor Group Inc. now owns 6,638 shares of the biopharmaceutical company’s stock worth $218,000 after acquiring an additional 1,168 shares during the period. Dimensional Fund Advisors LP grew its stake in Nektar Therapeutics by 82.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 408,526 shares of the biopharmaceutical company’s stock worth $13,433,000 after acquiring an additional 184,055 shares during the period. Principal Financial Group Inc. grew its stake in shares of Nektar Therapeutics by 0.9% during the 4th quarter. Principal Financial Group Inc. now owns 288,227 shares of the biopharmaceutical company’s stock valued at $9,474,000 after buying an additional 2,637 shares during the period. Finally, Metropolitan Life Insurance Co. NY grew its stake in shares of Nektar Therapeutics by 1.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 32,910 shares of the biopharmaceutical company’s stock valued at $1,082,000 after buying an additional 401 shares during the period. Institutional investors own 92.09% of the company’s stock.
About Nektar Therapeutics
Nektar Therapeutics, a biopharmaceutical company, develops drug candidates for cancer, auto-immune disease, and chronic pain in the United States. The company develops NKTR-181, an orally-available mu-opioid analgesic molecule, which is in Phase III clinical trial for moderate to severe chronic pain; ONZEALD, a topoisomerase I inhibitor that is in Phase III clinical trial for advanced metastatic breast cancer in patients with brain metastases; and NKTR-214, a CD122-preferential interleukin-2 (IL-2) pathway agonist, which is in Phase I to treat immuno-oncology.