Precigen Inc. [PGEN] Chief Financial Officer makes an insider purchase of 24,500 shares worth 51205.0.

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Precigen Inc. shares valued at $51,205 were purchased by Thomasian Harry Jr. on Aug 23. At $2.09 per share, Thomasian Harry Jr. acquired 24,500 shares. The insider’s holdings grew to 56,390 shares worth approximately $0.13 million following the completion of this transaction.

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Also, KINDLER JEFFREY B sold 50,000 shares, netting a total of over 115,000 in proceeds. Following the sale of shares at $2.30 each, the insider now holds 214,411 shares.

Before that, Perez Jeffrey Thomas had sold 14,778 shares from its account. In a trade valued at $18,916, the SVP, IP Affairs traded Precigen Inc. shares for $1.28 each. Upon closing the transaction, the insider’s holdings decreased to 14,778 shares, worth approximately $0.77 million.

As published in their initiating research note from Stifel on February 25, 2021, Precigen Inc. [PGEN] has been a Buy and the price target has been revised to $13. This represents a 82.23% premium over Wednesday’s closing price. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in late February. As of February 18, 2021, B. Riley Securities has initiated its “Buy” rating for PGEN. Earlier on May 08, 2020, H.C. Wainwright initiated its rating. Their recommendation was “a Buy” for PGEN stock.

Analyzing PGEN’s Price Performance

On Wednesday, Precigen Inc. [NASDAQ: PGEN] plunged -13.81% to $2.31. The stock’s lowest price that day was $2.25, but it reached a high of $2.67 in the same session. During the last five days, there has been a drop of approximately -16.30%. Over the course of the year, Precigen Inc. shares have dropped approximately -37.74%. Shares of the company reached a 52-week high of $3.99 on 01/04/22 and a 52-week low of $1.12 on 05/10/22. A 50-day SMA is recorded $2.18, while a 200-day SMA reached $2.18. Nevertheless, trading volume fell to 1.07 million shares from 0.93 million shares the previous day.

Support And Resistance Levels for Precigen Inc. (PGEN)

According to the 24-hour chart, there is a support level at 2.15, which, if violated, would cause prices to drop to 1.99. In the upper region, resistance lies at 2.57. The next price resistance is at 2.83. RSI (Relative Strength Index) is 45.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.02, which suggests the price will decrease in the coming days. Percent R is at 78.67%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Precigen Inc. subject to short interest?

Stocks of Precigen Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -4.91 million shares to 13.18 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 18.09 million shares. A decline of -37.25% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.29 of the overall float, the days-to-cover ratio (short ratio) decline to 5.29.

Which companies own the most shares of Precigen Inc. (PGEN)?

According to BlackRock Fund Advisors filings, the company currently owns 6,607,202 shares, which is about 3.17% of the total PGEN shares outstanding. The investor’s shares have appreciated by 224,196 from its previous 13-F filing of 6383006.0 shares. With the completion of the sale transaction, Miller Value Partners LLC’s stake is now worth $12,373,363. The Vanguard Group, Inc. reduced a -35.52% interest valued at $10.79 million while Iridian Asset Management LLC purchased a 156,725 stake. A total of -2,109,264 shares of Precigen Inc. were bought by Millennium Management LLC during the quarter, and -278,675 were sold by SSgA Funds Management, Inc. In its current portfolio, Geode Capital Management LLC holds 1,721,672 shares valued at $3.8 million.

In terms of Precigen Inc. share price expectations, FactSet research, analysts set an average price target of $12.75 in the next 12 months, up nearly 422.39% from the previous closing price of $2.68. Analysts anticipate Precigen Inc. stock to reach $17.00 by 2022, with the lowest price target being $6.00. In spite of this, 4 analysts ranked Precigen Inc. stock as a Buy at the end of 2022.


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