FibroGen, Inc (FGEN) CEO Sells $901,482.30 in Stock
FibroGen, Inc (NASDAQ:FGEN) CEO Thomas B. Neff sold 37,798 shares of FibroGen stock in a transaction that occurred on Thursday, January 12th. The stock was sold at an average price of $23.85, for a total transaction of $901,482.30. Following the completion of the sale, the chief executive officer now owns 3,298,100 shares of the company’s stock, valued at $78,659,685. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of FibroGen, Inc (NASDAQ:FGEN) opened at 25.50 on Friday. FibroGen, Inc has a 52 week low of $14.38 and a 52 week high of $25.65. The firm’s 50-day moving average is $21.66 and its 200 day moving average is $19.29. The firm’s market capitalization is $1.61 billion.
FibroGen (NASDAQ:FGEN) last announced its quarterly earnings results on Tuesday, November 8th. The biopharmaceutical company reported ($0.38) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.59) by $0.21. The company had revenue of $30.10 million for the quarter, compared to analyst estimates of $24.30 million. FibroGen had a negative net margin of 45.93% and a negative return on equity of 40.38%. On average, equities analysts forecast that FibroGen, Inc will post ($0.99) earnings per share for the current year.
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A number of research firms recently commented on FGEN. Zacks Investment Research upgraded shares of FibroGen from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Friday, November 11th. Leerink Swann restated a “buy” rating and set a $52.00 price objective on shares of FibroGen in a research note on Wednesday, November 9th.
Several large investors have recently bought and sold shares of the stock. Hillhouse Capital Management Ltd. purchased a new stake in FibroGen during the third quarter valued at $10,612,000. Vanguard Group Inc. increased its stake in FibroGen by 8.8% in the second quarter. Vanguard Group Inc. now owns 4,220,201 shares of the biopharmaceutical company’s stock valued at $69,254,000 after buying an additional 339,735 shares during the last quarter. Top Ace Asset Management Ltd purchased a new stake in FibroGen during the third quarter valued at $5,121,000. Candriam Luxembourg S.C.A. increased its stake in FibroGen by 77.5% in the third quarter. Candriam Luxembourg S.C.A. now owns 481,000 shares of the biopharmaceutical company’s stock valued at $9,957,000 after buying an additional 210,000 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in FibroGen by 371.5% in the second quarter. American Century Companies Inc. now owns 230,019 shares of the biopharmaceutical company’s stock valued at $3,775,000 after buying an additional 181,235 shares during the last quarter. 48.23% of the stock is owned by institutional investors and hedge funds.
FibroGen, Inc is a research-based biopharmaceutical company. The Company is engaged in the discovery, development and commercialization of novel therapeutics to treat serious unmet medical needs. Its lead product candidate is roxadustat (FG-4592). It is also engaged in developing products, such as FG-6874, FG-3019 and FG-5200.
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