Aclaris Therapeutics, Inc. (NASDAQ:ACRS – Get Free Report) major shareholder Braden Michael Leonard bought 107,434 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was bought at an average price of $1.14 per share, for a total transaction of $122,474.76. Following the transaction, the insider now owns 13,095,572 shares of the company’s stock, valued at $14,928,952.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Braden Michael Leonard also recently made the following trade(s):
- On Thursday, June 27th, Braden Michael Leonard bought 235,000 shares of Aclaris Therapeutics stock. The stock was bought at an average price of $1.15 per share, for a total transaction of $270,250.00.
- On Monday, June 17th, Braden Michael Leonard bought 150,000 shares of Aclaris Therapeutics stock. The stock was bought at an average price of $1.13 per share, for a total transaction of $169,500.00.
- On Thursday, June 13th, Braden Michael Leonard purchased 528,621 shares of Aclaris Therapeutics stock. The shares were acquired at an average price of $1.15 per share, for a total transaction of $607,914.15.
- On Tuesday, June 11th, Braden Michael Leonard purchased 1,000,000 shares of Aclaris Therapeutics stock. The shares were acquired at an average price of $1.08 per share, for a total transaction of $1,080,000.00.
Aclaris Therapeutics Trading Down 0.9 %
ACRS opened at $1.14 on Wednesday. The firm has a market capitalization of $81.24 million, a PE ratio of -1.05 and a beta of 0.27. Aclaris Therapeutics, Inc. has a twelve month low of $0.59 and a twelve month high of $11.12. The firm’s 50-day moving average price is $1.16 and its 200 day moving average price is $1.17.
Hedge Funds Weigh In On Aclaris Therapeutics
A number of institutional investors have recently bought and sold shares of ACRS. Algert Global LLC purchased a new stake in shares of Aclaris Therapeutics in the 3rd quarter valued at approximately $309,000. Trexquant Investment LP purchased a new stake in shares of Aclaris Therapeutics in the 3rd quarter valued at approximately $876,000. Corton Capital Inc. purchased a new stake in Aclaris Therapeutics during the 3rd quarter worth approximately $102,000. Vanguard Group Inc. increased its stake in Aclaris Therapeutics by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 3,363,046 shares of the biotechnology company’s stock worth $23,037,000 after buying an additional 33,482 shares during the period. Finally, Vontobel Holding Ltd. increased its stake in Aclaris Therapeutics by 128.8% during the 4th quarter. Vontobel Holding Ltd. now owns 30,268 shares of the biotechnology company’s stock worth $32,000 after buying an additional 17,040 shares during the period. 98.34% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered shares of Aclaris Therapeutics from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $22.25.
Check Out Our Latest Report on Aclaris Therapeutics
About Aclaris Therapeutics
Aclaris Therapeutics, Inc a clinical-stage biopharmaceutical company, engages in the development of novel drug candidates for immune-inflammatory diseases in the United States. The company operates through two segments, Therapeutics and Contract Research. The Therapeutics segment is involved in identifying and developing therapies to address significant unmet needs for immuno-inflammatory diseases.
Recommended Stories
- Five stocks we like better than Aclaris Therapeutics
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- RXO Shares Surge Following New Acquisition Deal
- What is the FTSE 100 index?
- 3 Stock Dips Insiders Are Buying: Vestis, Shenandoah, Treace
- Energy and Oil Stocks Explained
- Biotech Stock Breakout: IBB Eyes Resistance with Amgen and Vertex
Receive News & Ratings for Aclaris Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aclaris Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.