In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Intrexon Corp (NYSE:XON) reported that Kirk Randal J has picked up 56,223,681 of common stock as of 2017-07-26.
The acquisition brings the aggregate amount owned by Kirk Randal J to a total of 56,223,681 representing a 46.7% in the company.
For those not familiar with the company, Intrexon Corporation (Intrexon) forms collaborations to create biologically-based products and processes using synthetic biology. The Company’s domestic operations are in California, Florida, Maryland, and Virginia, and its primary international operations are in Belgium and Hungary. The Company designs, builds and regulates gene programs, which are deoxyribonucleic acid (DNA) sequences that consist of genetic components. The Company’s synthetic biology capabilities include the ability to control the amount, location and modification of biological molecules to control the function and output of living cells and optimize for desired results at an industrial scale. The Company’s technologies include UltraVector gene design and fabrication platform, and its associated library of modular DNA components; Cell Systems Informatics; RheoSwitch inducible gene switch; AttSite Recombinases; Protein Engineering; Laser-Enabled Analysis and Processing (LEAP), and ActoBiotics platform.
A glance at Intrexon Corp (NYSE:XON)’s key stats reveals a current market capitalization of 2.70B based on 119.61M shares outstanding and a price at last close of 22.55.
Looking at insider activity, there are a few recent transactions worth noting.
Specifically, on 2016-12-13, Kirk picked up 34,606 at a purchase price of $$28.90 per share.This brings their total holding to 213,805 as of the date of the filing.
On the sell side, the most recent transaction saw Krishnan unload 900 shares at a sale price of $30.12. This brings their total holding to 42,000.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Intrexon Corp (NYSE:XON) as things move forward to see if its progress aligns with these transactions. Subscribe below and we’ll keep you on top of what’s happening before it moves markets.