Insider Selling: Chapman Steven Leonard, Natera Inc. [NTRA] CEO AND PRESIDENT divested 886 shares

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Natera Inc. shares valued at $40,986 were sold by Chapman Steven Leonard on Jul 22. At $46.26 per share, Chapman Steven Leonard sold 886 shares. The insider’s holdings dropped to 69,805 shares worth approximately $3.22 million following the completion of this transaction.


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Also, Schueren Robert Alan sold 572 shares, netting a total of over 26,461 in proceeds. Following the sale of shares at $46.26 each, the insider now holds 572 shares.

Before that, Brophy Michael Burkes had sold 454 shares from its account. In a trade valued at $21,002, the CHIEF FINANCIAL OFFICER traded Natera Inc. shares for $46.26 each. Upon closing the transaction, the insider’s holdings decreased to 454 shares, worth approximately $3.86 million.

As published in their initiating research note from Credit Suisse on August 25, 2022, Natera Inc. [NTRA] has been an Outperform and the price target has been revised to $70. This represents a 34.04% premium over Thursday’s closing price. Analysts at Stephens started covering the stock with ‘”an Overweight”‘ outlook in a report released in late April. As of March 08, 2022, Goldman has initiated its “Buy” rating for NTRA.

Analyzing NTRA’s Price Performance

On Thursday, Natera Inc. [NASDAQ: NTRA] plunged -4.82% to $46.17. The stock’s lowest price that day was $45.195, but it reached a high of $48.28 in the same session. During the last five days, there has been a drop of approximately -8.92%. Over the course of the year, Natera Inc. shares have dropped approximately -50.56%. Shares of the company reached a 52-week high of $92.07 on 01/04/22 and a 52-week low of $26.10 on 03/09/22. A 50-day SMA is recorded $49.44, while a 200-day SMA reached $52.31. Nevertheless, trading volume fell to 1.57 million shares from 1.0 million shares the previous day.

Support And Resistance Levels for Natera Inc. (NTRA)

According to the 24-hour chart, there is a support level at 44.82, which, if violated, would cause prices to drop to 43.46. In the upper region, resistance lies at 47.90. The next price resistance is at 49.63. RSI (Relative Strength Index) is 40.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.80, which suggests the price will decrease in the coming days. Percent R is at 88.37%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Natera Inc. subject to short interest?

Stocks of Natera Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -1.04 million shares to 6.1 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 7.14 million shares. A decline of -17.05% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.78 of the overall float, the days-to-cover ratio (short ratio) decline to 4.78.

Which companies own the most shares of Natera Inc. (NTRA)?

According to The Vanguard Group, Inc. filings, the company currently owns 7,820,116 shares, which is about 8.07% of the total NTRA shares outstanding. The investor’s shares have appreciated by 152,335 from its previous 13-F filing of 7667781.0 shares. With the completion of the buy transaction, Fred Alger Management LLC’s stake is now worth $336,877,761. JPMorgan Investment Management, I acquire a 3.38% interest valued at $203.08 million while BlackRock Fund Advisors purchased a 11,569 stake. A total of 577,106 shares of Natera Inc. were bought by SSgA Funds Management, Inc. during the quarter, and 438,000 were bought by Holocene Advisors, LP. In its current portfolio, Millennium Management LLC holds 2,757,881 shares valued at $135.85 million.

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