Insider Selling: John Varian Unloads 10,000 Shares of XOMA Corp Stock (XOMA)
XOMA Corp (NASDAQ:XOMA) CEO John Varian sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $4.06, for a total value of $40,600.00. Following the sale, the chief executive officer now directly owns 285,613 shares in the company, valued at approximately $1,159,589. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
XOMA has been the subject of a number of recent research reports. Analysts at MLV & Co. downgraded shares of XOMA Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. They now have a $7.00 price target on the stock, down previously from $8.00. Separately, analysts at TheStreet downgraded shares of XOMA Corp from a “hold” rating to a “sell” rating in a research note on Friday, March 7th. Finally, analysts at Ladenburg Thalmann raised their price target on shares of XOMA Corp from $6.50 to $10.00 in a research note on Wednesday, March 5th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.00.
Shares of XOMA Corp (NASDAQ:XOMA) traded down 2.55% during mid-day trading on Thursday, hitting $4.21. 1,054,008 shares of the company’s stock traded hands. XOMA Corp has a 52-week low of $3.02 and a 52-week high of $9.57. The stock’s 50-day moving average is $5.8 and its 200-day moving average is $5.96. The company’s market cap is $448.7 million. XOMA Corp also saw a large increase in short interest in the month of January. As of March 31st, there was short interest totalling 9,384,397 shares, an increase of 43.2% from the March 14th total of 6,552,758 shares. Approximately 8.9% of the shares of the company are sold short. Based on an average trading volume of 2,826,164 shares, the days-to-cover ratio is currently 3.3 days.
XOMA Corp (NASDAQ:XOMA) last released its earnings data on Tuesday, March 4th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by $0.36. The company had revenue of $8.45 million for the quarter, compared to the consensus estimate of $7.92 million. The company’s revenue for the quarter was up 69.6% on a year-over-year basis. Analysts expect that XOMA Corp will post $-0.69 EPS for the current fiscal year.
XOMA Corporation (NASDAQ:XOMA) is engaged in the discovery and development of antibody-based therapeutics.
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