Renaissance Technologies LLC cut its holdings in shares of Compugen Ltd. (NASDAQ:CGEN – Free Report) by 0.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,288,900 shares of the biotechnology company’s stock after selling 8,100 shares during the period. Renaissance Technologies LLC owned about 1.49% of Compugen worth $2,165,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the business. Rothschild Investment LLC acquired a new position in shares of Compugen during the second quarter valued at approximately $380,000. ARK Investment Management LLC increased its holdings in shares of Compugen by 4.7% during the second quarter. ARK Investment Management LLC now owns 1,088,271 shares of the biotechnology company’s stock worth $1,850,000 after buying an additional 48,979 shares in the last quarter. Secure Asset Management LLC bought a new stake in shares of Compugen during the second quarter valued at approximately $69,000. Finally, Heron Bay Capital Management bought a new position in Compugen in the first quarter valued at approximately $32,000. 12.22% of the stock is currently owned by institutional investors and hedge funds.
Compugen Price Performance
CGEN stock opened at $1.93 on Thursday. Compugen Ltd. has a 1 year low of $0.53 and a 1 year high of $3.03. The stock has a market cap of $172.23 million, a price-to-earnings ratio of -10.16 and a beta of 2.64. The company has a 50 day simple moving average of $1.85 and a 200 day simple moving average of $2.00.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of Compugen from a “hold” rating to a “buy” rating in a report on Thursday, August 15th.
Check Out Our Latest Stock Report on Compugen
Compugen Company Profile
Compugen Ltd., a clinical-stage therapeutic discovery and development company, researches, develops, and commercializes therapeutic and product candidates in Israel, the United States, and Europe. The company’s immuno-oncology pipeline consists of COM701, an anti-PVRIG antibody that is in Phase I clinical study used for the treatment of solid tumors; COM902, a therapeutic antibody targeting TIGIT, which is in Phase I monotherapy clinical study in patients with advanced malignancies through sequential dose escalations; Bapotulimab, a therapeutic antibody targeting ILDR2 that is in Phase I clinical study in patients with naïve head and neck squamous cell carcinoma; and Rilvegostomig, a novel anti-TIGIT/PD-1 bispecific antibody, which is in Phase II clinical study in patients with advanced or metastatic non-small cell lung cancer.
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