Gilead Sciences CFO Robin L. Washington Unloads 30,600 Shares (GILD)
Gilead Sciences (NASDAQ:GILD) CFO Robin L. Washington sold 30,600 shares of the stock on the open market in a transaction dated Friday, August 1st. The shares were sold at an average price of $91.48, for a total value of $2,799,288.00. Following the sale, the chief financial officer now directly owns 49,832 shares in the company, valued at approximately $4,558,631. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Gilead Sciences (NASDAQ:GILD) traded down 0.47% on Tuesday, hitting $91.7501. 8,067,718 shares of the company’s stock traded hands. Gilead Sciences has a 1-year low of $55.96 and a 1-year high of $94.34. The stock has a 50-day moving average of $86. and a 200-day moving average of $80.3. The company has a market cap of $140.0 billion and a price-to-earnings ratio of 20.88.
Gilead Sciences (NASDAQ:GILD) last released its earnings data on Wednesday, July 23rd. The company reported $2.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.73 by $0.63. The company had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $5.68 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 136.1% on a year-over-year basis. Analysts expect that Gilead Sciences will post $7.91 EPS for the current fiscal year.
A number of research firms have recently commented on GILD. Analysts at Maxim Group raised their price target on shares of Gilead Sciences from $112.00 to $127.00 in a research note on Monday, July 28th. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Gilead Sciences in a research note on Thursday, July 24th. They now have a $110.00 price target on the stock, up previously from $100.00. Finally, analysts at Piper Jaffray raised their price target on shares of Gilead Sciences to $111.00 in a research note on Thursday, July 24th. One analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $101.63.
Gilead Sciences, Inc (NASDAQ:GILD) is a research-based biopharmaceutical company that discovers, develops and commercializes medicines.
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