Casdin Capital buys $8,388,235 stake in SAGE Therapeutics Inc (SAGE)

SAGE Therapeutics Inc (SAGE) : Casdin Capital scooped up 39,500 additional shares in SAGE Therapeutics Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 228,500 shares of SAGE Therapeutics Inc which is valued at $8,388,235.SAGE Therapeutics Inc makes up approximately 7.36% of Casdin Capital’s portfolio.

Other Hedge Funds, Including , Alyeska Investment Group sold out all of its stake in SAGE during the most recent quarter. The investment firm sold 78,917 shares of SAGE which is valued $2,897,043. Ft Options added SAGE to its portfolio by purchasing 8,773 company shares during the most recent quarter which is valued at $322,057. SAGE Therapeutics Inc makes up approx 0.39% of Ft Options’s portfolio.Visium Asset Management Lp reduced its stake in SAGE by selling 1,552,527 shares or 99.53% in the most recent quarter. The Hedge Fund company now holds 7,395 shares of SAGE which is valued at $271,470. SAGE Therapeutics Inc makes up approx 0.03% of Visium Asset Management Lp’s portfolio.Credit Suisse Ag reduced its stake in SAGE by selling 1,618 shares or 4.44% in the most recent quarter. The Hedge Fund company now holds 34,783 shares of SAGE which is valued at $1,276,884.Alps Advisors Inc boosted its stake in SAGE in the latest quarter, The investment management firm added 9,036 additional shares and now holds a total of 45,044 shares of SAGE Therapeutics Inc which is valued at $2,032,836. SAGE Therapeutics Inc makes up approx 0.02% of Alps Advisors Inc’s portfolio.

SAGE Therapeutics Inc closed down -0.21 points or -0.56% at $36.96 with 2,39,650 shares getting traded on Thursday. Post opening the session at $37.33, the shares hit an intraday low of $36.23 and an intraday high of $37.65 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Many Wall Street Analysts have commented on SAGE Therapeutics Inc. H.C. Wainwright Initiated SAGE Therapeutics Inc on Jun 23, 2016 to “Buy”, Price Target of the shares are set at $56.Chardan Capital Markets Initiated SAGE Therapeutics Inc on May 24, 2016 to “Sell”, Price Target of the shares are set at $18.

SAGE Therapeutics Inc. is a clinical-stage biopharmaceutical company. The Company is engaged in developing and commercializing medicines to treat life-threatening rare central nervous system (CNS) disorders. The Company’s lead product candidate in its status epilepticus (SE) program is SAGE-547. SAGE-689 and SAGE-217 are two additional product candidates in its pipeline. The Company has submitted investigational new drug (IND) for SAGE-547 for the treatment of SRSE with the United States Food and Drug Administration. SAGE-547 is an allosteric modulator of both synaptic and extra-synaptic GABAA receptors. SAGE-217 is a neuroactive steroid that acts as a positive allosteric modulator of synaptic and extra-synaptic GABAA receptor subtypes. SAGE-689 is being developed as an adjunctive IV therapy for the treatment of status epilepticus patients.

Leave a Reply

SAGE Therapeutics Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on SAGE Therapeutics Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.