Atara Biotherapeutics
ATRA on Nasdaq. Market value $94m.
Should I look at this?
Look carefully before going further
Why it could be worth it
Nothing stands out yet.
What to watch out for
Read the warning sign in its own filings
This is not advice.
Who owns it
None of the long-term investors we follow own it. 36 funds in all.
Largest holders overall
- EcoR1 Capital$18mAdded
- Adage Capital Partners GP, L.L.C.$10mAdded
- Point72 Asset Management, L.P.$8mAdded
- Redmile Group$5m
- Vanguard Capital Management$3mAdded
- Mackenzie Financial$3mCut
- BlackRock$969,544Added
- Geode Capital Management$862,924Added
- Staley Capital Advisers$574,000
- Vanguard Fiduciary Trust$494,053Added
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
8 investors own more than 5%.
- Adiumentum Capital Fund I LPInsider or founderat least 20.0%(filed with 2 related holders)Since 14 May 2025
What they said
Item 4 of the Initial 13D is hereby amended and supplemented to add the following information: On May 14, 2025, Adiumentum agreed to purchase from the Issuer in connection with a registered offering (the "Registered Offering") an aggregate of (i) 75,572 shares (the "Shares") of…
Read the filing - EcoR1 Capital, LLCPassive investorat least 17.4%+7.5 pts(filed with 2 related holders)Since 7 May 2026
- Panacea Innovation LimitedPassive investorat least 16.1%−3.9 pts(filed with 5 related holders)Since 7 May 2026
- Redmile Group, LLCPassive investorat least 9.9%0.0 pts(filed with 3 related holders)Since 22 July 2026
- Jeremy C. GreenPassive investorat least 9.9%(filed with 2 related holders)Since 31 March 2025
- Panacea Venture Healthcare Fund II, L.P.Passive investorat least 9.5%(filed with 1 related holder)Since 30 January 2025
- Adage Capital Management, L.P.Passive investorat least 8.6%(filed with 2 related holders)Since 31 March 2026
- Point72 Asset Management, L.P.Passive investorat least 7.6%+1.4 pts(filed with 2 related holders)Since 30 June 2026
- RedCo I, L.P.Passive investorSold down below 5%Since 12 November 2025
| Holder | Stake | Since | |
|---|---|---|---|
Adiumentum Capital Fund I LP Insider or founder | at least 20.0% (filed with 2 related holders) | 14 May 2025 | What they saidItem 4 of the Initial 13D is hereby amended and supplemented to add the following information: On May 14, 2025, Adiumentum agreed to purchase from the Issuer in connection with a registered offering (the "Registered Offering") an aggregate of (i) 75,572 shares (the "Shares") of… Read the filing |
EcoR1 Capital, LLC Passive investor | at least 17.4%+7.5 pts (filed with 2 related holders) | 7 May 2026 | |
Panacea Innovation Limited Passive investor | at least 16.1%−3.9 pts (filed with 5 related holders) | 7 May 2026 | |
Redmile Group, LLC Passive investor | at least 9.9%0.0 pts (filed with 3 related holders) | 22 July 2026 | |
Jeremy C. Green Passive investor | at least 9.9% (filed with 2 related holders) | 31 March 2025 | |
Panacea Venture Healthcare Fund II, L.P. Passive investor | at least 9.5% (filed with 1 related holder) | 30 January 2025 | |
Adage Capital Management, L.P. Passive investor | at least 8.6% (filed with 2 related holders) | 31 March 2026 | |
Point72 Asset Management, L.P. Passive investor | at least 7.6%+1.4 pts (filed with 2 related holders) | 30 June 2026 | |
RedCo I, L.P. Passive investor | Sold down below 5% | 12 November 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 1 insider bought $999,994 of shares on the open market. 3 sold $4m.
- Cherry Brian NDirectorBought
- Date
- 4 September 2026
- Shares
- 104,166
- Price
- $9.60
- Value
- $999,994
- Nguyen AnhCoPresident and CEO, DirectorSold
- Date
- 17 August 2026
- Shares
- 5,062
- Price
- $8.08
- Value
- $40,883
- Nguyen AnhCoPresident and CEO, DirectorSold
- Date
- 18 May 2026
- Shares
- 5,241
- Price
- $9.13
- Value
- $47,850
- Grant-Huerta YaninaChief Accounting OfficerSold
- Date
- 18 May 2026
- Shares
- 2,414
- Price
- $9.13
- Value
- $22,040
- Huang JamesDirectorSold
- Date
- 7 May 2026
- Shares
- 313,446
- Price
- $10.10
- Value
- $3m
- Grant-Huerta YaninaChief Accounting OfficerSold
- Date
- 2 March 2026
- Shares
- 2,104
- Price
- $5.08
- Value
- $10,688
- Nguyen AnhCoPresident and CEO, DirectorSold
- Date
- 2 March 2026
- Shares
- 2,996
- Price
- $5.09
- Value
- $15,247
- Huang JamesDirectorSold
- Date
- 12 January 2026
- Shares
- 80,554
- Price
- $6.07
- Value
- $488,963
- Nguyen AnhCoPresident and CEO, DirectorSold
- Date
- 17 November 2025
- Shares
- 2,915
- Price
- $13.19
- Value
- $38,449
- Grant-Huerta YaninaChief Accounting OfficerSold
- Date
- 17 November 2025
- Shares
- 1,804
- Price
- $13.19
- Value
- $23,795
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 4 September 2026 | Cherry Brian N Director | Bought | 104,166 | $9.60 | $999,994 |
| 17 August 2026 | Nguyen AnhCo President and CEO, Director | Sold | 5,062 | $8.08 | $40,883 |
| 18 May 2026 | Nguyen AnhCo President and CEO, Director | Sold | 5,241 | $9.13 | $47,850 |
| 18 May 2026 | Grant-Huerta Yanina Chief Accounting Officer | Sold | 2,414 | $9.13 | $22,040 |
| 7 May 2026 | Huang James Director | Sold | 313,446 | $10.10 | $3m |
| 2 March 2026 | Grant-Huerta Yanina Chief Accounting Officer | Sold | 2,104 | $5.08 | $10,688 |
| 2 March 2026 | Nguyen AnhCo President and CEO, Director | Sold | 2,996 | $5.09 | $15,247 |
| 12 January 2026 | Huang James Director | Sold | 80,554 | $6.07 | $488,963 |
| 17 November 2025 | Nguyen AnhCo President and CEO, Director | Sold | 2,915 | $13.19 | $38,449 |
| 17 November 2025 | Grant-Huerta Yanina Chief Accounting Officer | Sold | 1,804 | $13.19 | $23,795 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
1 serious warning sign in Atara Biotherapeutics’ filings.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 16 Mar 2026, plus the 10-Q filed 12 Aug 2026 and 6 later 8-Ks.
Doubt it can keep going
SeriousThe company or its auditor warned it may not have enough money to last the next year.
“These conditions raise substantial doubt about our ability to continue as a going concern for at least 12 months after the issuance of the accompanying condensed consolidated financial statements.”
Show the full paragraph
Our existing cash, cash equivalents and short-term investments as of June 30, 2026 will not be sufficient to fund our planned operations for at least the next 12 months after the date of issuance of these financial statements. These conditions raise substantial doubt about our ability to continue as a going concern for at least 12 months after the issuance of the accompanying condensed consolidated financial statements.
From the 10-Q filed 12 August 2026, Part I, Item 2. Management's Discussion and Analysis. Read it in the filing
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.