Insider Buying: G1 THERAPEUTICS (GTHX) Director Buys 250,000 Shares of Stock

G1 THERAPEUTICS (NASDAQ:GTHX) Director Fredric N. Eshelman purchased 250,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average price of $19.73 per share, for a total transaction of $4,932,500.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of G1 THERAPEUTICS (NASDAQ GTHX) traded down $0.29 during trading on Wednesday, reaching $19.42. The company had a trading volume of 76,800 shares, compared to its average volume of 89,938. G1 THERAPEUTICS has a 1 year low of $12.04 and a 1 year high of $28.67.

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Several research analysts recently commented on GTHX shares. Cowen and Company reiterated a “buy” rating on shares of G1 THERAPEUTICS in a research note on Wednesday, August 9th. Zacks Investment Research cut G1 THERAPEUTICS from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. G1 THERAPEUTICS has a consensus rating of “Buy” and an average price target of $29.75.

A number of institutional investors have recently made changes to their positions in the stock. RA Capital Management LLC bought a new stake in G1 THERAPEUTICS in the second quarter valued at about $46,813,000. FMR LLC bought a new stake in G1 THERAPEUTICS in the second quarter valued at about $34,093,000. Emerald Advisers Inc. PA grew its holdings in shares of G1 THERAPEUTICS by 2.5% during the third quarter. Emerald Advisers Inc. PA now owns 728,433 shares of the company’s stock valued at $18,131,000 after purchasing an additional 17,977 shares during the last quarter. Franklin Resources Inc. bought a new position in shares of G1 THERAPEUTICS during the second quarter valued at approximately $10,651,000. Finally, Hillhouse Capital Management Ltd. bought a new position in shares of G1 THERAPEUTICS during the second quarter valued at approximately $7,848,000. 35.28% of the stock is owned by hedge funds and other institutional investors.

About G1 THERAPEUTICS

G1 Therapeutics, Inc is a United States-based clinical-stage biopharmaceutical company. The Company is engaged in developing small-molecule therapies for the treatment of cancer. Its two clinical-stage candidates are trilaciclib (G1T28) and G1T38, which are potent, selective inhibitors of the validated kinase targets CDK4/6.

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