Insider Selling: Donald Karanewsky Sells 20,000 Shares of Senomyx Stock (SNMX)
Senomyx (NASDAQ:SNMX) VP Donald Karanewsky unloaded 20,000 shares of the company’s stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $8.50, for a total value of $170,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Senomyx (NASDAQ:SNMX) traded up 0.24% during mid-day trading on Friday, hitting $8.42. The stock had a trading volume of 406,463 shares. Senomyx has a 1-year low of $1.81 and a 1-year high of $12.74. The stock’s 50-day moving average is $7.47 and its 200-day moving average is $7.61. The company’s market cap is $358.0 million.
Senomyx (NASDAQ:SNMX) last released its earnings data on Thursday, May 1st. The company reported ($0.05) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.07) by $0.02. The company had revenue of $8.20 million for the quarter, compared to the consensus estimate of $7.60 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. Analysts expect that Senomyx will post $-0.24 EPS for the current fiscal year.
A number of analysts have recently weighed in on SNMX shares. Analysts at Lake Street Capital initiated coverage on shares of Senomyx in a research note on Monday. They set a “buy” rating and a $14.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Senomyx from an “underperform” rating to a “neutral” rating in a research note on Friday, May 2nd. They now have a $7.70 price target on the stock. Finally, 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.
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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