Edge Therapeutics, Inc. (EDGE) Holdings Boosted by Eagle Asset Management Inc.

Eagle Asset Management Inc. boosted its holdings in shares of Edge Therapeutics, Inc. (NASDAQ:EDGE) by 0.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 901,359 shares of the biotechnology company’s stock after buying an additional 1,391 shares during the quarter. Eagle Asset Management Inc. owned 2.92% of Edge Therapeutics worth $9,247,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EDGE. Wells Fargo & Company MN lifted its holdings in Edge Therapeutics by 1.7% during the 1st quarter. Wells Fargo & Company MN now owns 11,942 shares of the biotechnology company’s stock worth $109,000 after buying an additional 200 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Edge Therapeutics by 16.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,959 shares of the biotechnology company’s stock valued at $123,000 after purchasing an additional 1,733 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Edge Therapeutics in the 1st quarter valued at approximately $143,000. State of Wisconsin Investment Board purchased a new stake in shares of Edge Therapeutics in the 2nd quarter valued at approximately $154,000. Finally, Spark Investment Management LLC purchased a new stake in shares of Edge Therapeutics in the 1st quarter valued at approximately $157,000. Institutional investors own 49.38% of the company’s stock.

In other Edge Therapeutics news, insider Brian A. Leuthner sold 7,500 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $10.53, for a total transaction of $78,975.00. Following the transaction, the insider now owns 125,236 shares in the company, valued at $1,318,735.08. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Albert N. Marchio II sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $10.42, for a total value of $26,050.00. Following the transaction, the insider now owns 3,361 shares in the company, valued at approximately $35,021.62. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,000 shares of company stock valued at $319,190. Corporate insiders own 36.19% of the company’s stock.

EDGE has been the topic of a number of recent analyst reports. BidaskClub raised shares of Edge Therapeutics from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Edge Therapeutics from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd.

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Edge Therapeutics, Inc. (EDGE) opened at 9.54 on Friday. Edge Therapeutics, Inc. has a 52-week low of $7.30 and a 52-week high of $13.50. The stock’s market capitalization is $294.32 million. The company has a 50 day moving average of $10.38 and a 200-day moving average of $9.87.

Edge Therapeutics (NASDAQ:EDGE) last announced its quarterly earnings data on Tuesday, August 1st. The biotechnology company reported ($0.44) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.44). Equities research analysts anticipate that Edge Therapeutics, Inc. will post ($1.87) EPS for the current year.

Edge Therapeutics Profile

Edge Therapeutics, Inc is a clinical-stage biotechnology company that discovers, develops and seeks to commercialize hospital-based therapies capable of transforming treatment paradigms in the management of acute, life-threatening critical care conditions. The Company’s initial product candidates target rare, acute, life-threatening neurological and other conditions.

Institutional Ownership by Quarter for Edge Therapeutics (NASDAQ:EDGE)

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