Adaptive Biotechnologies (NASDAQ:ADPT) Stock: Insider Julie Rubinstein Sells 11,881 Shares

Adaptive Biotechnologies Corporation (NASDAQ:ADPT – Get Free Report) COO Julie Rubinstein sold 11,881 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $25.47, for a total value of $302,609.07. Following the completion of the sale, the chief operating officer owned 377,802 shares of the company’s stock, valued at $9,622,616.94. The trade was a 3.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Julie Rubinstein also recently made the following trade(s):

  • On Friday, October 30th, Julie Rubinstein sold 11,881 shares of Adaptive Biotechnologies stock. The shares were sold at an average price of $26.73, for a total value of $317,579.13.
  • On Wednesday, October 28th, Julie Rubinstein sold 11,881 shares of Adaptive Biotechnologies stock. The shares were sold at an average price of $28.45, for a total value of $338,014.45.
  • On Monday, October 26th, Julie Rubinstein sold 11,881 shares of Adaptive Biotechnologies stock. The stock was sold at an average price of $26.04, for a total value of $309,381.24.
  • On Friday, October 23rd, Julie Rubinstein sold 11,881 shares of Adaptive Biotechnologies stock. The stock was sold at an average price of $24.98, for a total value of $296,787.38.
  • On Monday, October 19th, Julie Rubinstein sold 11,881 shares of Adaptive Biotechnologies stock. The stock was sold at an average price of $24.05, for a total value of $285,738.05.
  • On Wednesday, October 21st, Julie Rubinstein sold 11,881 shares of Adaptive Biotechnologies stock. The shares were sold at an average price of $25.41, for a total value of $301,896.21.
  • On Thursday, October 15th, Julie Rubinstein sold 11,881 shares of Adaptive Biotechnologies stock. The shares were sold at an average price of $25.61, for a total value of $304,272.41.
  • On Tuesday, October 13th, Julie Rubinstein sold 11,881 shares of Adaptive Biotechnologies stock. The stock was sold at an average price of $25.50, for a total value of $302,965.50.
  • On Thursday, October 8th, Julie Rubinstein sold 11,881 shares of Adaptive Biotechnologies stock. The stock was sold at an average price of $25.66, for a total value of $304,866.46.
  • On Monday, October 5th, Julie Rubinstein sold 11,881 shares of Adaptive Biotechnologies stock. The stock was sold at an average price of $29.19, for a total value of $346,806.39.

Adaptive Biotechnologies Price Performance

ADPT traded up $0.74 during trading on Tuesday, reaching $25.80. 1,494,257 shares of the company traded hands, compared to its average volume of 2,050,401. The company has a debt-to-equity ratio of 2.22, a quick ratio of 4.68 and a current ratio of 4.79. Adaptive Biotechnologies Corporation has a 12-month low of $12.00 and a 12-month high of $30.74. The firm has a fifty day simple moving average of $26.37 and a 200 day simple moving average of $19.71. The company has a market cap of $4.12 billion, a P/E ratio of -62.93 and a beta of 2.18.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ethic Inc. bought a new stake in Adaptive Biotechnologies in the third quarter worth $244,000. Pictet Asset Management Holding SA raised its stake in Adaptive Biotechnologies by 12.5% during the third quarter. Pictet Asset Management Holding SA now owns 17,924 shares of the company’s stock valued at $518,000 after purchasing an additional 1,985 shares in the last quarter. Parr Mcknight Wealth Management Group LLC bought a new position in Adaptive Biotechnologies during the third quarter valued at $217,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Adaptive Biotechnologies during the third quarter valued at $236,000. Finally, China Universal Asset Management Co. Ltd. lifted its position in Adaptive Biotechnologies by 14.3% during the third quarter. China Universal Asset Management Co. Ltd. now owns 29,120 shares of the company’s stock valued at $838,000 after purchasing an additional 3,649 shares during the last quarter. 99.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ADPT. Piper Sandler upped their target price on shares of Adaptive Biotechnologies from $20.00 to $27.50 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Morgan Stanley lifted their price target on shares of Adaptive Biotechnologies from $22.00 to $27.00 and gave the company an “equal weight” rating in a report on Monday, October 12th. TD Cowen boosted their price target on shares of Adaptive Biotechnologies from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, October 13th. Guggenheim increased their price objective on shares of Adaptive Biotechnologies from $25.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, October 1st. Finally, BTIG Research raised their price objective on Adaptive Biotechnologies from $25.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, September 22nd. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $30.06.

Get Our Latest Research Report on ADPT

Adaptive Biotechnologies Company Profile

(Get Free Report)

Adaptive Biotechnologies Corporation (NASDAQ: ADPT) is a biotechnology company focused on using the genetics of the adaptive immune system to develop diagnostic and research tools. Based in Seattle, Washington, the company analyzes immune-cell receptors to help identify and measure disease, support drug development and improve understanding of immune responses.

Adaptive’s products include clonoSEQ, a clinical assay used to detect and monitor measurable residual disease in certain blood cancers, including multiple myeloma, acute lymphoblastic leukemia and chronic lymphocytic leukemia.

See Also

Insider Buying and Selling by Quarter for Adaptive Biotechnologies (NASDAQ:ADPT)

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