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XOMA Corp (NASDAQ:XOMA) CEO John Varian sold 10,000 shares of XOMA Corp stock on the open market in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $4.03, for a total transaction of $40,300.00. Following the sale, the chief executive officer now directly owns 285,613 shares in the company, valued at approximately $1,151,020. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Several analysts have recently commented on the stock. Analysts at Wedbush raised their price target on shares of XOMA Corp to $14.00 in a research note on Monday, May 12th. They now have an “outperform” rating on the stock. Analysts at MLV & Co
upgraded shares of XOMA Corp from a “hold” rating to a “buy” rating in a research note on Tuesday, April 29th. They now have a $7.00 price target on the stock. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. XOMA Corp has a consensus rating of “Buy” and a consensus target price of $9.11.

Shares of XOMA Corp (NASDAQ:XOMA) traded down 2.49% on Wednesday, hitting $3.91. 1,038,614 shares of the company’s stock traded hands. XOMA Corp has a 52 week low of $3.42 and a 52 week high of $9.57. The stock has a 50-day moving average of $4.48 and a 200-day moving average of $5.68. The company’s market cap is $418.0 million. XOMA Corp also saw a large decline in short interest in the month of June. As of June 30th, there was short interest totalling 6,975,241 shares, a decline of 27.6% from the June 13th total of 9,634,353 shares. Based on an average daily volume of 2,117,646 shares, the days-to-cover ratio is currently 3.3 days. Currently, 6.6% of the company’s stock are short sold.

XOMA Corp (NASDAQ:XOMA) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.17) by $0.06. The company had revenue of $3.41 million for the quarter, compared to the consensus estimate of $7.40 million. During the same quarter in the prior year, the company posted ($0.30) earnings per share. The company’s quarterly revenue was down 63.9% on a year-over-year basis. Analysts expect that XOMA Corp will post $-0.65 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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