Insider Selling: John S. Stafford III Unloads 124,000 Shares of Xencor Stock (XNCR)
Xencor (NASDAQ:XNCR) Director John S. Stafford III unloaded 124,000 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $9.37, for a total transaction of $1,161,880.00. Following the completion of the sale, the director now directly owns 27,638 shares in the company, valued at approximately $258,968. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Separately, analysts at Oppenheimer initiated coverage on shares of Xencor in a research note on Thursday, July 10th. They set an “outperform” rating and a $22.00 price target on the stock.
Shares of Xencor (NASDAQ:XNCR) traded up 5.54% on Wednesday, hitting $9.90. The stock had a trading volume of 31,176 shares. Xencor has a one year low of $5.75 and a one year high of $14.41. The stock has a 50-day moving average of $10.23 and a 200-day moving average of $10.24. The company’s market cap is $310.8 million.
Xencor (NASDAQ:XNCR) last announced its earnings results on Thursday, July 31st. The company reported ($0.16) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.19) by $0.03. Analysts expect that Xencor will post $-0.67 EPS for the current fiscal year.
Xencor, Inc (NASDAQ:XNCR) is a clinical-stage biopharmaceutical company.
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