KalVista Pharmaceuticals, Inc. (KALV) Major Shareholder Holdings A/S Novo Sells 25,900 Shares of Stock
KalVista Pharmaceuticals, Inc. (NASDAQ:KALV) major shareholder Holdings A/S Novo sold 25,900 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $8.02, for a total value of $207,718.00. Following the transaction, the insider now directly owns 2,876,027 shares of the company’s stock, valued at approximately $23,065,736.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Holdings A/S Novo also recently made the following trade(s):
- On Thursday, September 14th, Holdings A/S Novo sold 10,000 shares of KalVista Pharmaceuticals stock. The shares were sold at an average price of $8.05, for a total value of $80,500.00.
- On Friday, September 15th, Holdings A/S Novo sold 176,647 shares of KalVista Pharmaceuticals stock. The shares were sold at an average price of $7.21, for a total value of $1,273,624.87.
Shares of KalVista Pharmaceuticals, Inc. (KALV) traded down 13.11% during trading on Friday, hitting $6.96. The stock had a trading volume of 162,624 shares. The stock has a 50-day moving average price of $8.20 and a 200 day moving average price of $7.83. KalVista Pharmaceuticals, Inc. has a 12 month low of $6.09 and a 12 month high of $10.65. The company’s market cap is $67.60 million.
KalVista Pharmaceuticals (NASDAQ:KALV) last issued its earnings results on Thursday, September 14th. The specialty pharmaceutical company reported ($0.51) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.59) by $0.08. KalVista Pharmaceuticals had a negative return on equity of 57.41% and a negative net margin of 4,191.47%. The business had revenue of $0.10 million during the quarter. Equities analysts expect that KalVista Pharmaceuticals, Inc. will post ($2.94) EPS for the current fiscal year.
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A hedge fund recently bought a new stake in KalVista Pharmaceuticals stock. Eventide Asset Management LLC bought a new position in KalVista Pharmaceuticals, Inc. (NASDAQ:KALV) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 98,100 shares of the specialty pharmaceutical company’s stock, valued at approximately $766,000. Eventide Asset Management LLC owned 1.01% of KalVista Pharmaceuticals at the end of the most recent quarter. Institutional investors own 75.66% of the company’s stock.
Several brokerages have commented on KALV. ValuEngine raised KalVista Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. BTIG Research started coverage on KalVista Pharmaceuticals in a report on Thursday, August 31st. They set a “buy” rating and a $18.00 price target for the company.
About KalVista Pharmaceuticals
KalVista Pharmaceuticals, Inc, formerly Carbylan Therapeutics, Inc, is a clinical-stage pharmaceutical company. The Company is focused on the discovery, development, and commercialization of small molecule protease inhibitors for a range of diseases. The Company has developed a portfolio of small molecule plasma kallikrein inhibitors targeting hereditary angioedema (HAE) and diabetic macular edema (DME).
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