Insider Selling: Senomyx SVP Sells 31,154 Shares of Stock (SNMX)
Senomyx (NASDAQ:SNMX) SVP Sharon Wicker sold 31,154 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $10.61, for a total value of $330,543.94. Following the completion of the transaction, the senior vice president now directly owns 40,692 shares in the company, valued at approximately $431,742. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Senomyx (NASDAQ:SNMX) traded up 5.68% during mid-day trading on Wednesday, hitting $10.79. The stock had a trading volume of 1,672,329 shares. Senomyx has a 1-year low of $1.81 and a 1-year high of $12.74. The stock has a 50-day moving average of $9.93 and a 200-day moving average of $6.31. The company’s market cap is $449.3 million.
Senomyx (NASDAQ:SNMX) last issued its quarterly earnings data on Thursday, March 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $0.02. The company had revenue of $7.41 million for the quarter, compared to the consensus estimate of $7.82 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The company’s revenue for the quarter was down 9.6% on a year-over-year basis. On average, analysts predict that Senomyx will post $-0.25 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on SNMX shares. Analysts at Needham & Company LLC initiated coverage on shares of Senomyx in a research note on Friday, April 4th. They set a “buy” rating and a $16.00 price target on the stock. Analysts at Zacks downgraded shares of Senomyx from a “neutral” rating to an “underperform” rating in a research note on Wednesday, March 19th. They now have a $9.50 price target on the stock.
Senomyx, Inc is focused on using taste receptor-based assays and screening technologies to discover and develop flavors, flavor enhancers and bitter blockers for the packaged food, beverage and ingredient supply industries.
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