Insider Selling: Sharon Wicker Sells 50,100 Shares of Senomyx Stock (SNMX)
Senomyx (NASDAQ:SNMX) SVP Sharon Wicker sold 50,100 shares of Senomyx stock on the open market in a transaction that occurred on Thursday, June 19th. The stock was sold at an average price of $9.12, for a total transaction of $456,912.00. Following the sale, the senior vice president now directly owns 40,692 shares of the company’s stock, valued at approximately $371,111. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Senomyx (NASDAQ:SNMX) traded up 10.30% during mid-day trading on Thursday, hitting $9.21. 3,173,001 shares of the company’s stock traded hands. Senomyx has a 52 week low of $1.81 and a 52 week high of $12.74. The stock’s 50-day moving average is $7.44 and its 200-day moving average is $7.74. The company’s market cap is $391.6 million.
Senomyx (NASDAQ:SNMX) last issued its quarterly 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. On average, analysts predict that Senomyx will post $-0.24 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Craig Hallum initiated coverage on shares of Senomyx in a research note on Thursday. They set a “buy” rating and a $16.50 price target on the stock. Separately, analysts at Lake Street Capital initiated coverage on shares of Senomyx in a research note on Monday, June 9th. They set a “buy” rating and a $14.00 price target on the stock. Finally, 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. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $11.74.
Senomyx, Inc is focused on using taste receptor technologies to discover and develop flavor ingredients for the packaged food, beverage and ingredient supply industries.
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