Cubist Systematic Strategies LLC lowered its holdings in shares of Kezar Life Sciences, Inc. (NASDAQ:KZR – Get Rating) by 21.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,220 shares of the company's stock after selling 20,335 shares during the quarter. Cubist Systematic Strategies LLC owned 0.12% of Kezar Life Sciences worth $639,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Great West Life Assurance Co. Can bought a new stake in Kezar Life Sciences during the 3rd quarter valued at about $26,000. Tower Research Capital LLC TRC raised its position in Kezar Life Sciences by 88.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,777 shares of the company's stock valued at $58,000 after purchasing an additional 3,190 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new position in shares of Kezar Life Sciences during the 3rd quarter worth $68,000. ProShare Advisors LLC bought a new stake in shares of Kezar Life Sciences in the third quarter valued at about $100,000. Finally, Virtu Financial LLC purchased a new position in Kezar Life Sciences during the 3rd quarter valued at about $104,000. Institutional investors own 84.03% of the company's stock.
Get Kezar Life Sciences alerts:Kezar Life Sciences Price Performance
Shares of NASDAQ KZR opened at $4.64 on Friday. The company has a market cap of $317.28 million, a PE ratio of -4.59 and a beta of 0.25. The company has a debt-to-equity ratio of 0.03, a quick ratio of 31.15 and a current ratio of 31.15. The business has a 50-day simple moving average of $6.46 and a two-hundred day simple moving average of $7.45. Kezar Life Sciences, Inc. has a fifty-two week low of $4.30 and a fifty-two week high of $18.55.
Insider Activity at Kezar Life Sciences
In related news, major shareholder Morningside Venture Investment sold 25,000 shares of the company's stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $7.15, for a total value of $178,750.00. Following the sale, the insider now owns 5,487,993 shares in the company, valued at $39,239,149.95. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 248,276 shares of company stock valued at $1,708,683 in the last ninety days. Company insiders own 7.80% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Wells Fargo & Company lowered their target price on Kezar Life Sciences from $17.00 to $14.00 and set an "overweight" rating for the company in a report on Tuesday, January 3rd.
Kezar Life Sciences Company Profile
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Kezar Life Sciences, Inc is a clinical-stage biopharmaceutical company which engages in the development of novel small molecule therapeutics to treat autoimmunity and cancer in South San Francisco and California. Its product pipeline include KZR-616, KZR-261, and KZR-TBD. The company was founded by John Fowler, Christopher J.
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