Insider Selling: FibroGen, Inc (FGEN) Director Sells $567,000.00 in Stock
FibroGen, Inc (NASDAQ:FGEN) Director Jorma Routti sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $47.25, for a total value of $567,000.00. Following the sale, the director now owns 133,840 shares of the company’s stock, valued at $6,323,940. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
FibroGen, Inc (NASDAQ:FGEN) opened at $44.85 on Thursday. FibroGen, Inc has a twelve month low of $19.25 and a twelve month high of $60.15. The company has a debt-to-equity ratio of 0.16, a current ratio of 10.83 and a quick ratio of 10.83.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FGEN. FMR LLC lifted its holdings in FibroGen by 96.9% in the second quarter. FMR LLC now owns 3,335,997 shares of the biopharmaceutical company’s stock valued at $107,753,000 after acquiring an additional 1,641,423 shares during the last quarter. EcoR1 Capital LLC lifted its holdings in FibroGen by 3,674.1% in the second quarter. EcoR1 Capital LLC now owns 1,585,457 shares of the biopharmaceutical company’s stock valued at $51,210,000 after acquiring an additional 1,543,448 shares during the last quarter. Janus Henderson Group PLC acquired a new position in FibroGen in the second quarter valued at approximately $45,633,000. Eagle Asset Management Inc. acquired a new position in FibroGen in the third quarter valued at approximately $46,158,000. Finally, Vanguard Group Inc. lifted its holdings in FibroGen by 15.1% in the second quarter. Vanguard Group Inc. now owns 5,808,439 shares of the biopharmaceutical company’s stock valued at $187,612,000 after acquiring an additional 761,421 shares during the last quarter. Hedge funds and other institutional investors own 57.42% of the company’s stock.
A number of research firms have recently issued reports on FGEN. Jefferies Group restated a “buy” rating and issued a $75.00 price target on shares of FibroGen in a research report on Tuesday, September 12th. Mizuho restated a “hold” rating and issued a $61.00 price target on shares of FibroGen in a research report on Thursday, November 9th. Stifel Nicolaus restated a “buy” rating and issued a $80.00 price target on shares of FibroGen in a research report on Thursday, September 14th. ValuEngine lowered FibroGen from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Finally, William Blair restated an “outperform” rating on shares of FibroGen in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. FibroGen presently has a consensus rating of “Buy” and a consensus price target of $65.67.
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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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