Insider Buying: Odonate Therapeutics Inc (ODT) CEO Buys $312,000.00 in Stock

Odonate Therapeutics Inc (NASDAQ:ODT) CEO Kevin C. Tang purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 12th. The shares were purchased at an average price of $15.60 per share, for a total transaction of $312,000.00. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

ODT stock opened at $15.12 on Friday. Odonate Therapeutics Inc has a one year low of $14.06 and a one year high of $32.00.

Odonate Therapeutics (NASDAQ:ODT) last posted its quarterly earnings data on Tuesday, October 23rd. The company reported ($0.98) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.96) by ($0.02). Equities analysts forecast that Odonate Therapeutics Inc will post -3.49 earnings per share for the current year.

Separately, Zacks Investment Research lowered shares of Odonate Therapeutics from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $31.00.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc lifted its holdings in Odonate Therapeutics by 18.5% during the third quarter. Vanguard Group Inc now owns 316,733 shares of the company’s stock valued at $6,148,000 after purchasing an additional 49,528 shares in the last quarter. Federated Investors Inc. PA purchased a new position in Odonate Therapeutics during the third quarter valued at $68,000. Vanguard Group Inc. lifted its holdings in Odonate Therapeutics by 18.5% during the third quarter. Vanguard Group Inc. now owns 316,733 shares of the company’s stock valued at $6,148,000 after purchasing an additional 49,528 shares in the last quarter. Tang Capital Management LLC lifted its holdings in Odonate Therapeutics by 11.2% during the third quarter. Tang Capital Management LLC now owns 13,796,747 shares of the company’s stock valued at $267,795,000 after purchasing an additional 1,384,409 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Odonate Therapeutics by 222.8% in the third quarter. Tower Research Capital LLC TRC now owns 5,288 shares of the company’s stock worth $102,000 after buying an additional 3,650 shares in the last quarter. 92.23% of the stock is currently owned by institutional investors and hedge funds.

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About Odonate Therapeutics

Odonate Therapeutics, Inc, a pharmaceutical company, develops therapeutics for the treatment of cancer. It focuses on the development of tesetaxel, an orally administered chemotherapy agent for patients with advanced or metastatic breast cancer (MBC). Odonate Therapeutics, Inc also conducting a Phase III study in MBC, which is known as CONTESSA.

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