C WorldWide Group Holding A S Decreases Stock Position in Insmed, Inc. $INSM

C WorldWide Group Holding A S lessened its stake in Insmed, Inc. (NASDAQ:INSMFree Report) by 30.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 136,110 shares of the biopharmaceutical company’s stock after selling 60,000 shares during the quarter. C WorldWide Group Holding A S’s holdings in Insmed were worth $23,689,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CoreCap Advisors LLC purchased a new position in Insmed in the 4th quarter worth approximately $27,000. GraniteShares Advisors LLC purchased a new position in Insmed in the 4th quarter worth approximately $30,000. CIBC Private Wealth Group LLC boosted its holdings in Insmed by 42.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 179 shares of the biopharmaceutical company’s stock worth $26,000 after acquiring an additional 53 shares during the period. Stone House Investment Management LLC purchased a new position in Insmed in the 3rd quarter worth approximately $29,000. Finally, SBI Securities Co. Ltd. boosted its holdings in Insmed by 404.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 207 shares of the biopharmaceutical company’s stock worth $30,000 after acquiring an additional 166 shares during the period.

More Insmed News

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Insider Activity

In other news, insider Michael Alexander Smith sold 19,638 shares of the stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $150.98, for a total transaction of $2,964,945.24. Following the completion of the transaction, the insider directly owned 51,871 shares in the company, valued at approximately $7,831,483.58. This represents a 27.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO William Lewis sold 10,699 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $143.97, for a total value of $1,540,335.03. Following the transaction, the chief executive officer owned 301,185 shares of the company’s stock, valued at approximately $43,361,604.45. This trade represents a 3.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 161,193 shares of company stock worth $25,462,012. 2.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

INSM has been the subject of a number of analyst reports. Leerink Partners upped their price target on Insmed from $210.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, March 24th. Wells Fargo & Company decreased their price target on Insmed from $177.00 to $160.00 and set an “overweight” rating for the company in a report on Friday. Raymond James Financial initiated coverage on Insmed in a report on Friday, April 10th. They issued an “outperform” rating and a $200.00 price target for the company. Mizuho upped their price target on Insmed from $204.00 to $206.00 and gave the stock an “outperform” rating in a report on Wednesday, March 25th. Finally, HC Wainwright reiterated a “buy” rating on shares of Insmed in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Insmed presently has an average rating of “Buy” and a consensus price target of $211.86.

Check Out Our Latest Report on INSM

Insmed Stock Performance

Insmed stock opened at $101.17 on Monday. The stock has a market cap of $21.93 billion, a P/E ratio of -17.60 and a beta of 0.89. The company has a current ratio of 4.47, a quick ratio of 4.10 and a debt-to-equity ratio of 0.80. The stock has a 50 day moving average of $145.87 and a 200-day moving average of $165.46. Insmed, Inc. has a 52 week low of $64.85 and a 52 week high of $212.75.

Insmed (NASDAQ:INSMGet Free Report) last released its earnings results on Thursday, May 7th. The biopharmaceutical company reported ($0.76) EPS for the quarter, beating the consensus estimate of ($0.90) by $0.14. The company had revenue of $305.96 million during the quarter, compared to analysts’ expectations of $300.81 million. Insmed had a negative return on equity of 130.11% and a negative net margin of 144.44%.The business’s revenue was up 229.7% on a year-over-year basis. During the same period in the prior year, the business posted ($1.42) EPS. On average, analysts expect that Insmed, Inc. will post -2.41 EPS for the current fiscal year.

Insmed Company Profile

(Free Report)

Insmed Incorporated is a biopharmaceutical company focused on developing and commercializing therapies for patients with rare and serious diseases, with a particular emphasis on difficult-to-treat pulmonary infections. Headquartered in Bridgewater, New Jersey, the company concentrates its research and development efforts on targeted drug delivery technologies and novel formulations intended to improve clinical outcomes for patients who have limited treatment options.

The company’s principal marketed product is ARIKAYCE (amikacin liposome inhalation suspension), an inhaled liposomal formulation of the antibiotic amikacin that is approved by the U.S.

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Institutional Ownership by Quarter for Insmed (NASDAQ:INSM)

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