Insider Buying: Applied Molecular Transport Inc. (NASDAQ:AMTI) Director Purchases 25,000 Shares of Stock

Applied Molecular Transport Inc. (NASDAQ:AMTI) Director David Lamond bought 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 6th. The shares were purchased at an average cost of $42.00 per share, with a total value of $1,050,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Shares of AMTI opened at $55.70 on Thursday. The business’s 50-day moving average is $59.19 and its two-hundred day moving average is $39.99. Applied Molecular Transport Inc. has a fifty-two week low of $17.05 and a fifty-two week high of $78.22.

Applied Molecular Transport (NASDAQ:AMTI) last announced its quarterly earnings results on Thursday, March 18th. The company reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($0.48) by $0.10. On average, analysts expect that Applied Molecular Transport Inc. will post -3 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Founders Fund V Management LLC acquired a new position in shares of Applied Molecular Transport in the fourth quarter worth about $111,129,000. BlackRock Inc. raised its stake in shares of Applied Molecular Transport by 251.6% during the 3rd quarter. BlackRock Inc. now owns 963,915 shares of the company’s stock worth $30,672,000 after buying an additional 689,768 shares during the period. State Street Corp purchased a new position in shares of Applied Molecular Transport during the 3rd quarter valued at approximately $5,074,000. Charles Schwab Investment Management Inc. acquired a new stake in Applied Molecular Transport in the 3rd quarter valued at $2,847,000. Finally, California Public Employees Retirement System purchased a new stake in Applied Molecular Transport in the 3rd quarter worth $940,000. Institutional investors own 51.99% of the company’s stock.

AMTI has been the subject of several analyst reports. SVB Leerink increased their price objective on Applied Molecular Transport from $32.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, February 25th. Zacks Investment Research downgraded shares of Applied Molecular Transport from a “hold” rating to a “sell” rating in a report on Wednesday, February 24th. Jefferies Financial Group lifted their target price on shares of Applied Molecular Transport from $38.00 to $75.00 in a research note on Tuesday, March 23rd. Finally, JMP Securities started coverage on shares of Applied Molecular Transport in a report on Tuesday, March 23rd. They issued an “outperform” rating and a $92.00 price target for the company. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Applied Molecular Transport currently has an average rating of “Buy” and an average target price of $68.75.

Applied Molecular Transport Company Profile

Applied Molecular Transport Inc, a clinical-stage biopharmaceutical company, engages in the development of a pipeline of oral biologic product candidates to treat autoimmune, inflammatory, metabolic, and other diseases. The company's lead product candidate is AMT-101, a gastrointestinal (GI) selective oral fusion of rhIL-10 that is in Phase II clinical trial for the treatment of ulcerative colitis and related inflammatory indications.

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