Insider Selling: FibroGen, Inc (FGEN) Director Sells $81,480.00 in Stock
FibroGen, Inc (NASDAQ:FGEN) Director Kalevi Kurkijarvi sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $40.74, for a total transaction of $81,480.00. Following the sale, the director now directly owns 30,000 shares of the company’s stock, valued at $1,222,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Kalevi Kurkijarvi also recently made the following trade(s):
- On Monday, September 18th, Kalevi Kurkijarvi sold 4,000 shares of FibroGen stock. The stock was sold at an average price of $46.65, for a total transaction of $186,600.00.
- On Monday, July 17th, Kalevi Kurkijarvi sold 2,000 shares of FibroGen stock. The stock was sold at an average price of $33.45, for a total transaction of $66,900.00.
Shares of FibroGen, Inc (NASDAQ:FGEN) opened at 51.35 on Friday. FibroGen, Inc has a 52-week low of $15.60 and a 52-week high of $53.80. The company’s market capitalization is $3.66 billion. The stock’s 50 day moving average is $44.39 and its 200 day moving average is $32.56.
FibroGen (NASDAQ:FGEN) last issued its quarterly earnings results on Monday, August 7th. The biopharmaceutical company reported ($0.48) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.47) by ($0.01). The business had revenue of $29.00 million during the quarter, compared to the consensus estimate of $34.80 million. FibroGen had a negative return on equity of 64.42% and a negative net margin of 105.59%. Equities analysts expect that FibroGen, Inc will post ($1.80) EPS for the current year.
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Several equities research analysts have recently commented on the stock. Stifel Nicolaus reissued a “buy” rating and set a $80.00 target price on shares of FibroGen in a research report on Thursday, September 14th. Jefferies Group LLC reissued a “buy” rating and set a $75.00 target price on shares of FibroGen in a research report on Tuesday, September 12th. William Blair reissued an “outperform” rating on shares of FibroGen in a research report on Wednesday, August 9th. Leerink Swann reissued an “outperform” rating and set a $82.00 target price (up from $52.00) on shares of FibroGen in a research report on Tuesday, August 8th. Finally, Citigroup Inc. boosted their target price on shares of FibroGen from $48.00 to $65.00 and gave the stock a “top pick” rating in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. FibroGen presently has an average rating of “Buy” and a consensus target price of $60.17.
Several institutional investors have recently modified their holdings of FGEN. BlackRock Inc. increased its stake in shares of FibroGen by 29,724.1% in the 1st quarter. BlackRock Inc. now owns 4,454,819 shares of the biopharmaceutical company’s stock worth $109,811,000 after acquiring an additional 4,439,882 shares in the last quarter. FMR LLC increased its stake in FibroGen by 96.9% during the 2nd quarter. FMR LLC now owns 3,335,997 shares of the biopharmaceutical company’s stock valued at $107,753,000 after purchasing an additional 1,641,423 shares in the last quarter. EcoR1 Capital LLC increased its stake in FibroGen by 3,674.1% during the 2nd quarter. EcoR1 Capital LLC now owns 1,585,457 shares of the biopharmaceutical company’s stock valued at $51,210,000 after purchasing an additional 1,543,448 shares in the last quarter. Janus Henderson Group PLC bought a new stake in FibroGen during the 2nd quarter valued at about $45,633,000. Finally, Vanguard Group Inc. increased its stake in FibroGen by 15.1% during the 2nd quarter. Vanguard Group Inc. now owns 5,808,439 shares of the biopharmaceutical company’s stock valued at $187,612,000 after purchasing an additional 761,421 shares in the last quarter. Institutional investors own 47.49% of the company’s stock.
FibroGen, Inc is a science-based biopharmaceutical company discovering and developing a pipeline of first- in-class therapeutics. The Company is focused on fibrosis and hypoxia-inducible factor (HIF) biology and clinical development to advance innovative medicines for the treatment of anemia, fibrotic disease, and cancer.
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