Global Blood Therapeutics, Inc. (NASDAQ:GBT) Trading Volume Significantly Higher

State Street Corp boosted its holdings in shares of Global Blood Therapeutics by 217.9% in the second quarter.

Several research analysts have recently weighed in on GBT shares. Finally, Schwab Charles Investment Management Inc. raised its position in Global Blood Therapeutics by 63.5% in the second quarter. ValuEngine raised Global Blood Therapeutics from a "sell" rating to a "hold" rating in a research note on Saturday, June 10th.

Several other equities analysts have also recently commented on GBT. Legal & General Group Plc now owns 4,816 shares of the company's stock valued at $178,000 after purchasing an additional 440 shares during the period.

Global Blood Therapeutics Inc. has a consensus outperform rating from 11 Wall Street analysts, and the number of shares now sold short amount to at least 14.96% of shares outstanding. Analysts have placed a $57.2 price target on Global Blood Therapeutics Inc., suggesting a 104.29% gain from recent close. Finally, J P Morgan Chase & Co reaffirmed an "overweight" rating and issued a $46.00 target price (up previously from $44.00) on shares of Global Blood Therapeutics in a research note on Tuesday, August 8th. Can purchased a new stake in Global Blood Therapeutics during the first quarter worth approximately $129,000. Oppenheimer Holdings, Inc. assumed coverage on Global Blood Therapeutics in a research note on Friday, August 4th. The stock has a 50-day moving average of $27.76 and a 200 day moving average of $30.02. Venbio Select Advisor LLC augmented its holdings by buying 45,000 shares an increase of 5.5% in the quarter. Wall Street is only getting more bullish on the stock, with 10 of analysts who cover GBT having a buy-equivalent rating. On average, equities analysts anticipate that Global Blood Therapeutics, Inc. will post ($2.45) earnings per share for the current fiscal year.

The move comes after 5 months positive chart setup for the $1.22B company.

Among 5 analysts covering Global Blood Therapeutics (NASDAQ:GBT), 5 have Buy rating, 0 Sell and 0 Hold. They set a "buy" rating and a $47.00 price objective on the stock. Also, Director Deval L. Patrick sold 27,053 shares of the company's stock in a transaction that occurred on Tuesday, July 25th. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The shares were sold at an average price of $29.69, for a total value of $803,203.57. Janus Capital Management LLC owns 806,283 shares with a value of $29,710,000. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & worldwide copyright and trademark legislation. Following the completion of the transaction, the insider now directly owns 141,655 shares in the company, valued at approximately $4,249,650. Insiders sold a total of 33,053 shares of company stock worth $983,204 in the last ninety days. Perceptive Advisors LLC now owns 3,858,978 shares of the company's stock worth $142,203,000 after purchasing an additional 730,000 shares in the last quarter. About 1.68M shares traded or 137.89% up from the average. Janus Capital Management LLC downsized its ownership by selling 267,055 shares a decrease of 24.9%.

The company's consensus rating on Reuter's scale remained unchanged from 3 to 3 during a month. Global Blood Therapeutics Inc (NASDAQ:GBT) has risen 43.51% since September 17, 2016 and is uptrending.

Global Blood Therapeutics, Inc.is a clinical-stage biopharmaceutical company. The company's market cap is $1.06 billion. The Company is developing its initial product candidate, GBT440, as an oral, once-daily therapy for sickle cell disease (SCD). The Firm is engaged in discovering, developing and commercializing therapeutics to treat blood disorders.

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