Insider Selling: Biohaven Pharm (BHVN) CFO Sells $811,700.04 in Stock
Biohaven Pharm (NYSE:BHVN) CFO James Engelhart sold 30,538 shares of the business’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $26.58, for a total value of $811,700.04. Following the completion of the transaction, the chief financial officer now directly owns 25,176 shares of the company’s stock, valued at $669,178.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Biohaven Pharm (BHVN) opened at $25.36 on Friday. Biohaven Pharm has a 12 month low of $17.00 and a 12 month high of $39.51.
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A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised Biohaven Pharm from a “sell” rating to a “hold” rating in a report on Friday, September 8th. BidaskClub upgraded Biohaven Pharm from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 7th. Needham & Company LLC reiterated a “buy” rating and issued a $43.00 target price (up from $30.00) on shares of Biohaven Pharm in a research note on Wednesday, September 13th. Piper Jaffray Companies reiterated a “buy” rating and issued a $54.00 target price on shares of Biohaven Pharm in a research note on Tuesday, September 12th. Finally, Morgan Stanley upped their target price on Biohaven Pharm from $28.00 to $47.00 and gave the company an “overweight” rating in a research note on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. Biohaven Pharm currently has a consensus rating of “Buy” and a consensus target price of $40.80.
Institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc acquired a new position in Biohaven Pharm in the third quarter valued at $119,000. Nationwide Fund Advisors acquired a new position in Biohaven Pharm in the third quarter valued at $214,000. American International Group Inc. acquired a new position in Biohaven Pharm in the third quarter valued at $251,000. State of Wisconsin Investment Board acquired a new position in Biohaven Pharm in the third quarter valued at $262,000. Finally, Deschutes Portfolio Strategy LLC acquired a new position in Biohaven Pharm in the third quarter valued at $374,000. Hedge funds and other institutional investors own 44.03% of the company’s stock.
About Biohaven Pharm
Biohaven Pharmaceutical Holding Company Ltd. is a United States-based biopharmaceutical company. The Company is engaged in the identification and development of clinical-stage compounds targeting orphan neurologic indications and other neurological pathways. It has a portfolio of multiple late-stage drug candidates.
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