Nektar Therapeutics (NKTR) SVP Stephen K. Doberstein Sells 2,426 Shares of Stock

Nektar Therapeutics (NASDAQ:NKTR) SVP Stephen K. Doberstein sold 2,426 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $82.94, for a total value of $201,212.44. Following the completion of the sale, the senior vice president now directly owns 67,394 shares of the company’s stock, valued at approximately $5,589,658.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Nektar Therapeutics (NASDAQ NKTR) opened at $83.45 on Wednesday. The firm has a market capitalization of $13,381.02, a P/E ratio of -115.90 and a beta of 2.04. Nektar Therapeutics has a 52 week low of $12.50 and a 52 week high of $99.02. The company has a debt-to-equity ratio of 2.91, a quick ratio of 3.99 and a current ratio of 4.14.

Several brokerages have issued reports on NKTR. BidaskClub lowered Nektar Therapeutics from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 8th. Zacks Investment Research raised Nektar Therapeutics from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th. Canaccord Genuity Group upped their target price on Nektar Therapeutics from $35.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Mizuho reaffirmed a “buy” rating and issued a $89.00 target price on shares of Nektar Therapeutics in a research note on Wednesday, February 14th. Finally, Cowen began coverage on Nektar Therapeutics in a research note on Tuesday, November 7th. They issued an “outperform” rating for the company. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $46.17.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Nektar Therapeutics by 2.1% during the fourth quarter. BlackRock Inc. now owns 21,431,388 shares of the biopharmaceutical company’s stock valued at $1,279,883,000 after purchasing an additional 431,269 shares during the period. State Street Corp boosted its stake in shares of Nektar Therapeutics by 11.3% during the second quarter. State Street Corp now owns 4,408,270 shares of the biopharmaceutical company’s stock valued at $86,179,000 after purchasing an additional 447,023 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Nektar Therapeutics by 87.8% during the third quarter. Janus Henderson Group PLC now owns 3,329,281 shares of the biopharmaceutical company’s stock valued at $79,903,000 after purchasing an additional 1,556,352 shares during the period. First Trust Advisors LP boosted its stake in shares of Nektar Therapeutics by 3.0% during the fourth quarter. First Trust Advisors LP now owns 1,705,632 shares of the biopharmaceutical company’s stock valued at $101,860,000 after purchasing an additional 49,422 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Nektar Therapeutics by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,445,971 shares of the biopharmaceutical company’s stock valued at $86,353,000 after purchasing an additional 13,958 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

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About Nektar Therapeutics

Nektar Therapeutics is a biopharmaceutical company that discovers and develops medicines in areas of high unmet medical need. The Company’s research and development pipeline of new investigational drugs includes treatments for cancer, auto-immune disease and chronic pain. It leverages its chemistry platform to discover and design new drug candidates.

Insider Buying and Selling by Quarter for Nektar Therapeutics (NASDAQ:NKTR)

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