Wellington Management Group LLP lowered its stake in shares of CareDx, Inc (NASDAQ:CDNA - Free Report) by 14.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,362 shares of the company's stock after selling 28,360 shares during the quarter. Wellington Management Group LLP owned about 0.30% of CareDx worth $3,540,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Thompson Davis & CO. Inc. grew its position in CareDx by 6.3% during the 4th quarter. Thompson Davis & CO. Inc. now owns 16,050 shares of the company's stock worth $344,000 after purchasing an additional 950 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of CareDx by 6.9% during the fourth quarter. Hsbc Holdings PLC now owns 17,131 shares of the company's stock worth $365,000 after buying an additional 1,109 shares during the period. Legal & General Group Plc grew its holdings in shares of CareDx by 1.3% during the fourth quarter. Legal & General Group Plc now owns 89,751 shares of the company's stock valued at $1,922,000 after buying an additional 1,118 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of CareDx by 771.2% in the 4th quarter. Sterling Capital Management LLC now owns 1,272 shares of the company's stock valued at $27,000 after acquiring an additional 1,126 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of CareDx by 6.5% in the 4th quarter. Principal Financial Group Inc. now owns 18,984 shares of the company's stock valued at $406,000 after acquiring an additional 1,151 shares during the period.
CareDx Stock Up 4.1%
Shares of CDNA stock traded up $0.76 on Friday, hitting $19.52. The company had a trading volume of 904,107 shares, compared to its average volume of 909,462. CareDx, Inc has a twelve month low of $13.18 and a twelve month high of $34.84. The firm has a market cap of $1.09 billion, a P/E ratio of -7.23 and a beta of 2.18. The company has a 50-day moving average price of $17.32 and a 200-day moving average price of $20.39.
CareDx (NASDAQ:CDNA - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.03. CareDx had a negative return on equity of 53.70% and a negative net margin of 45.90%. The company had revenue of $84.69 million during the quarter, compared to analysts' expectations of $84.56 million. During the same period last year, the business earned ($0.03) earnings per share. CareDx's quarterly revenue was up 17.6% on a year-over-year basis. Equities research analysts expect that CareDx, Inc will post -0.9 EPS for the current year.
Analysts Set New Price Targets
A number of analysts have commented on the company. Wall Street Zen cut CareDx from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. The Goldman Sachs Group reduced their price objective on CareDx from $34.00 to $26.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Stephens reiterated an "overweight" rating and issued a $40.00 target price on shares of CareDx in a research report on Monday, May 5th. Finally, HC Wainwright reiterated a "neutral" rating and issued a $25.00 price target on shares of CareDx in a report on Monday, May 5th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $30.33.
Check Out Our Latest Report on CDNA
Insider Activity at CareDx
In other CareDx news, Director William A. Hagstrom sold 30,000 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $17.45, for a total transaction of $523,500.00. Following the transaction, the director now owns 53,979 shares in the company, valued at approximately $941,933.55. This represents a 35.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christine Cournoyer sold 16,700 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $14.13, for a total value of $235,971.00. Following the completion of the sale, the director now owns 37,045 shares of the company's stock, valued at $523,445.85. This trade represents a 31.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,382 shares of company stock worth $1,458,009. 4.40% of the stock is owned by company insiders.
About CareDx
(
Free Report)
CareDx, Inc engages in the discovery, development, and commercialization of diagnostic solutions for transplant patients and caregivers in the United States and internationally. It also provides AlloSure Kidney, a donor-derived cell-free DNA (dd-cfDNA) solution for kidney transplant patients; AlloMap Heart, a gene expression solution for heart transplant patients; AlloSure Heart, a dd-cfDNA solution for heart transplant patients; and AlloSure Lung, a dd-cfDNA solution for lung transplant patients.
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