Charles Schwab Investment Management Inc. Has $161,000 Stake in Cibus, Inc. (NASDAQ:CBUS)

Charles Schwab Investment Management Inc. boosted its stake in shares of Cibus, Inc. (NASDAQ:CBUS) by 14.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,285 shares of the company’s stock after buying an additional 6,276 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.21% of Cibus worth $161,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Cibus in the third quarter valued at approximately $33,000. Armistice Capital LLC bought a new position in Cibus during the second quarter worth $5,083,000. Squarepoint Ops LLC bought a new position in shares of Cibus in the 2nd quarter worth about $214,000. Old West Investment Management LLC lifted its stake in shares of Cibus by 3.6% in the 2nd quarter. Old West Investment Management LLC now owns 53,247 shares of the company’s stock valued at $524,000 after purchasing an additional 1,868 shares during the period. Finally, FineMark National Bank & Trust boosted its position in shares of Cibus by 24.3% during the 2nd quarter. FineMark National Bank & Trust now owns 20,488 shares of the company’s stock valued at $202,000 after purchasing an additional 4,000 shares in the last quarter. 33.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Alliance Global Partners dropped their price target on Cibus from $25.00 to $23.50 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. HC Wainwright restated a “buy” rating and issued a $25.00 price target on shares of Cibus in a report on Monday, November 11th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $20.00 price objective on shares of Cibus in a report on Tuesday, October 22nd.

Cibus Stock Down 16.4 %

Shares of CBUS opened at $2.80 on Friday. The business’s fifty day moving average is $4.18 and its 200 day moving average is $6.35. Cibus, Inc. has a 12-month low of $2.37 and a 12-month high of $23.18. The stock has a market cap of $74.08 million, a P/E ratio of -0.12 and a beta of 1.86.

Cibus Company Profile

Cibus, Inc, a agricultural biotechnology company, develops and licenses plant traits to seed companies for royalties. The company primarily focus on trait productivity in two areas, including productivity traits that enable farmers to have higher yields and reduce the use of the crop protection chemicals and fertilizers; and sustainable ingredients that enable corporations to replace ingredients that are fossil fuel based or whose production results in increased greenhouse gases.