Portola Pharmaceuticals CFO Sells $110,995 in Stock (PTLA)
Portola Pharmaceuticals (NASDAQ:PTLA) CFO Mardi Dier sold 3,706 shares of the company’s stock on the open market in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $29.95, for a total transaction of $110,994.70. Following the completion of the sale, the chief financial officer now directly owns 16,118 shares of the company’s stock, valued at approximately $482,734. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Portola Pharmaceuticals (NASDAQ:PTLA) traded down 1.65% on Thursday, hitting $29.87. 372,310 shares of the company’s stock traded hands. Portola Pharmaceuticals has a 1-year low of $19.59 and a 1-year high of $30.95. The stock’s 50-day moving average is $23.31 and its 200-day moving average is $25.04. The company’s market cap is $1.228 billion.
Portola Pharmaceuticals (NASDAQ:PTLA) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.75) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.72) by $0.03. The company had revenue of $2.40 million for the quarter, compared to the consensus estimate of $1.81 million. During the same quarter last year, the company posted ($12.94) earnings per share. Portola Pharmaceuticals’s revenue was down 23.8% compared to the same quarter last year. On average, analysts predict that Portola Pharmaceuticals will post $-3.44 earnings per share for the current fiscal year.
Portola Pharmaceuticals, Inc is a biopharmaceutical company focused on the development and commercialization of therapeutics in the areas of thrombosis, other hematologic disorders and inflammation for patients who has limited or no approved treatment options.
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