Crossmark Global Holdings Inc. Purchases Shares of 11,367 Bicycle Therapeutics plc (NASDAQ:BCYC)

Crossmark Global Holdings Inc. acquired a new position in Bicycle Therapeutics plc (NASDAQ:BCYCFree Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 11,367 shares of the company’s stock, valued at approximately $257,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Assetmark Inc. bought a new stake in Bicycle Therapeutics in the 3rd quarter worth $34,000. GAMMA Investing LLC increased its holdings in Bicycle Therapeutics by 105.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,026 shares of the company’s stock valued at $46,000 after purchasing an additional 1,038 shares during the period. China Universal Asset Management Co. Ltd. raised its position in Bicycle Therapeutics by 69.1% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 7,138 shares of the company’s stock valued at $162,000 after purchasing an additional 2,918 shares during the last quarter. XTX Topco Ltd purchased a new stake in Bicycle Therapeutics in the 2nd quarter worth approximately $206,000. Finally, Natixis Advisors LLC bought a new stake in shares of Bicycle Therapeutics in the 2nd quarter worth approximately $261,000. Institutional investors own 86.15% of the company’s stock.

Bicycle Therapeutics Price Performance

BCYC opened at $20.46 on Tuesday. The firm has a market cap of $972.95 million, a PE ratio of -6.22 and a beta of 0.89. The stock has a 50-day moving average price of $24.62 and a 200-day moving average price of $23.15. Bicycle Therapeutics plc has a 1 year low of $13.07 and a 1 year high of $28.67.

Bicycle Therapeutics (NASDAQ:BCYCGet Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.74) EPS for the quarter, beating analysts’ consensus estimates of ($0.78) by $0.04. Bicycle Therapeutics had a negative net margin of 450.64% and a negative return on equity of 27.35%. The firm had revenue of $2.68 million for the quarter, compared to analysts’ expectations of $6.82 million. During the same quarter in the prior year, the company posted ($1.26) earnings per share. The business’s revenue for the quarter was down 50.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Bicycle Therapeutics plc will post -3.01 EPS for the current year.

Wall Street Analyst Weigh In

BCYC has been the subject of a number of research analyst reports. Stephens assumed coverage on Bicycle Therapeutics in a research note on Friday, November 8th. They issued an “equal weight” rating and a $25.00 price target for the company. Oppenheimer reaffirmed an “outperform” rating and set a $48.00 target price on shares of Bicycle Therapeutics in a research note on Wednesday, August 7th. Needham & Company LLC reissued a “buy” rating and issued a $38.00 price target on shares of Bicycle Therapeutics in a research note on Thursday, October 31st. HC Wainwright reiterated a “buy” rating and set a $55.00 target price on shares of Bicycle Therapeutics in a report on Friday, November 1st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $35.00 target price on shares of Bicycle Therapeutics in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Bicycle Therapeutics currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.13.

Check Out Our Latest Analysis on BCYC

Insiders Place Their Bets

In related news, CEO Kevin Lee sold 3,212 shares of Bicycle Therapeutics stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $22.26, for a total value of $71,499.12. Following the completion of the sale, the chief executive officer now owns 380,864 shares of the company’s stock, valued at $8,478,032.64. The trade was a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Travis Alvin Thompson sold 6,256 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $25.11, for a total value of $157,088.16. Following the completion of the transaction, the chief accounting officer now directly owns 19,241 shares in the company, valued at approximately $483,141.51. This represents a 24.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,840 shares of company stock valued at $259,128. Corporate insiders own 8.50% of the company’s stock.

About Bicycle Therapeutics

(Free Report)

Bicycle Therapeutics plc, a clinical-stage biopharmaceutical company, develops a class of medicines for diseases that are underserved by existing therapeutics in the United States and the United Kingdom. Its product pipeline comprising BT8009, a bicycle toxin conjugate (BTC) which is in phase I/II/III clinical trial for the treatment of high nectin-4 expressing tumors; BT5528, a BTC which is in phase I/II clinical trial for the treatment of Ephrin type A receptor 2 expressing tumor; BT7480, a Bicycle TICA molecule which is in phase I/II targeting Nectin-4 and agonizing CD137; and BT7455, a Bicycle TICA molecule targeting Ephrin type A receptor 2 and CD137 and is in preclinical trial.

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Institutional Ownership by Quarter for Bicycle Therapeutics (NASDAQ:BCYC)

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