Thomas B. Neff Sells 38,636 Shares of FibroGen, Inc (FGEN) Stock
FibroGen, Inc (NASDAQ:FGEN) CEO Thomas B. Neff sold 38,636 shares of the business’s stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $23.94, for a total transaction of $924,945.84. Following the sale, the chief executive officer now directly owns 3,274,061 shares of the company’s stock, valued at approximately $78,381,020.34. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
FibroGen, Inc (NASDAQ:FGEN) opened at 24.40 on Friday. FibroGen, Inc has a 1-year low of $14.50 and a 1-year high of $25.70. The stock’s market cap is $1.54 billion. The company’s 50 day moving average is $23.66 and its 200-day moving average is $20.68.
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A number of research firms recently weighed in on FGEN. Zacks Investment Research upgraded shares of FibroGen from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Friday, January 20th. RBC Capital Markets restated a “buy” rating on shares of FibroGen in a research note on Wednesday, January 18th. Stifel Nicolaus restated a “positive” rating and set a $33.00 target price on shares of FibroGen in a research note on Wednesday, January 18th. Finally, Leerink Swann restated a “buy” rating and set a $52.00 target price on shares of FibroGen in a research note on Wednesday, November 9th. Five investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of $36.20.
A number of large investors have recently bought and sold shares of FGEN. TLP Group LLC purchased a new stake in FibroGen during the third quarter worth approximately $108,000. Teacher Retirement System of Texas boosted its position in FibroGen by 15.7% in the second quarter. Teacher Retirement System of Texas now owns 6,891 shares of the biopharmaceutical company’s stock worth $113,000 after buying an additional 937 shares in the last quarter. Stifel Financial Corp bought a new position in FibroGen during the second quarter worth about $243,000. SG Americas Securities LLC bought a new position in FibroGen during the third quarter worth about $246,000. Finally, Fox Run Management L.L.C. boosted its position in FibroGen by 15.0% in the third quarter. Fox Run Management L.L.C. now owns 12,300 shares of the biopharmaceutical company’s stock worth $255,000 after buying an additional 1,600 shares in the last quarter. 47.74% of the stock is owned by institutional investors.
FibroGen Company Profile
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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