54 hedge funds sold their entire positions in Achaogen, Inc. (AKAO)

Achaogen, Inc. (NASDAQ:AKAO) went up to recover about 21.93% since recording its record low price of $1.14. The stock experienced -2.8% slump, arriving at $1.39 on 01/11/2019. During the day, the stock price traveled from $1.35 to $1.45. This company shares are 430.94% off its target price of $7.38 and the current market capitalization stands at $66M. The recent change has given its price a -28.37% deficit over SMA 50 and -90.73% deficit over its 52-week high. The stock witnessed -19.65% declines, -64.81% declines and -83.33% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found AKAO’s volatility during a week at 15.34% and during a month it has been found around 17.91%.

Achaogen, Inc. (AKAO) Top Holders

Institutional investors currently hold around $29 million or 50.5% in AKAO stock. Look at its top three institutional owners. Nea Management Company, Llc owns $7.25 million in Achaogen, Inc., which represents roughly 10.98% of the company’s market cap and approximately 25% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 2,820,978 shares of the stock are valued at $3.92 million. The third largest holder is Foresite Capital Management Iii, Llc, which currently holds $3.3 million worth of this stock and that ownership represents nearly 5% of its market capitalization.

Achaogen, Inc. 13F Filings

At the end of September reporting period, 42 institutional holders increased their position in Achaogen, Inc. (NASDAQ:AKAO) by some 2,709,096 shares, 54 decreased positions by 8,555,048 and 25 held positions by 9,936,154. That puts total institutional holdings at 21,200,298 shares, according to SEC filings. The stock grabbed 18 new institutional investments totaling 880,407 shares while 29 institutional investors sold out their entire positions totaling 3,039,882 shares.

Achaogen, Inc. (NASDAQ:AKAO) Insider Trades

Multiple company employees have indulged in significant insider trading. Achaogen, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that 10% Owner Duggan Robert W has acquired 743,348 shares of Achaogen, Inc. (AKAO) in trading session dated Dec. 11, 2018. These shares are worth $1,204,224 and were traded at $1.62 each. The SEC filing shows that Duggan Robert W performed a purchase of 22,431 shares. The 10% Owner added these shares by way of transaction on Dec. 07, 2018. The company’s shares were assimilated at $1.4 per share worth to an investment of some $31,403 on account of Duggan Robert W.

10% Owner, Duggan Robert W, purchased 157,760 common shares of Achaogen, Inc. (AKAO) in the open market. In a transaction dated Nov. 27, 2018, the shares were bought at an average price of $1.79, giving away a sum of $282,390. After this purchase, 8,623,955 common shares of AKAO are directly owned by the insider, with total stake valued at $11,987,297.

In the transaction dated Nov. 20, 2018, the great number of shares acquired came courtesy the 10% Owner; Duggan Robert W added a total of 231,495 shares at an average price of $1.93, amounting to approximately $446,785. The insider now directly owns 8,466,195 shares worth $11,768,011.

Achaogen, Inc. (AKAO) Analyst Guide

Several analysts have released their opinion on Achaogen, Inc. (NASDAQ:AKAO), with 2 analysts believing it is a strong buy. Whereas 9 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.64 average brokerage recommendation.