Martingale Asset Management L P acquired a new position in CureVac (NASDAQ:CVAC – Get Rating) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 41,042 shares of the company's stock, valued at approximately $805,000.
Other hedge funds have also recently bought and sold shares of the company. Capital Fund Management S.A. grew its position in CureVac by 131.9% in the 1st quarter. Capital Fund Management S.A. now owns 233,371 shares of the company's stock worth $4,576,000 after purchasing an additional 132,757 shares during the last quarter. California Public Employees Retirement System grew its holdings in CureVac by 0.6% in the 4th quarter. California Public Employees Retirement System now owns 120,622 shares of the company's stock worth $4,139,000 after buying an additional 735 shares in the last quarter. Bank of New York Mellon Corp increased its position in CureVac by 2.3% in the 1st quarter. Bank of New York Mellon Corp now owns 103,549 shares of the company's stock valued at $2,030,000 after acquiring an additional 2,286 shares during the period. Eversept Partners LP acquired a new stake in CureVac in the 4th quarter valued at approximately $2,917,000. Finally, Bank of America Corp DE raised its stake in CureVac by 246.6% during the 4th quarter. Bank of America Corp DE now owns 72,885 shares of the company's stock valued at $2,501,000 after acquiring an additional 51,856 shares in the last quarter.
Get CureVac alerts:CureVac Price Performance
CureVac stock opened at $9.70 on Monday. CureVac has a 12-month low of $9.35 and a 12-month high of $71.63. The company has a current ratio of 3.45, a quick ratio of 3.39 and a debt-to-equity ratio of 0.06. The firm has a 50 day simple moving average of $13.14 and a 200-day simple moving average of $15.71.
Wall Street Analysts Forecast Growth
Separately, JMP Securities reissued a "buy" rating and set a $37.00 price target on shares of CureVac in a report on Thursday, June 9th.About CureVac
(Get Rating)
CureVac N.V., a clinical-stage biopharmaceutical company, focuses on developing various transformative medicines based on messenger ribonucleic acid (mRNA). It is developing prophylactic vaccines, such as mRNA-based vaccine candidates CV2CoV, which is in Phase 1 clinical trial against SARS-CoV-2; CV7202, a prophylactic mRNA-based vaccine, which has completed Phase 1 clinical trial for rabies virus glycoprotein; and CVSQIV, which is in Phase 1 clinical trial against influenza, as well as vaccine for lassa fever, yellow fever, respiratiory syncytial virus, rotavirus, malaria, and universal influenza.
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