Regulus Therapeutics major shareholder Alnylam Pharmaceuticals, Inc. Unloads 1,450 Shares (RGLS)
Regulus Therapeutics (NASDAQ:RGLS) major shareholder Alnylam Pharmaceuticals, Inc. sold 1,450 shares of the stock on the open market in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $6.98, for a total value of $10,121.00. Following the completion of the transaction, the insider now directly owns 6,093,400 shares in the company, valued at approximately $42,531,932. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Separately, analysts at FBR Capital Markets raised their price target on shares of Regulus Therapeutics from $14.00 to $15.00 in a research note on Thursday, August 7th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $16.50.
Shares of Regulus Therapeutics (NASDAQ:RGLS) traded down 0.85% during mid-day trading on Friday, hitting $7.02. 31,571 shares of the company’s stock traded hands. Regulus Therapeutics has a one year low of $5.40 and a one year high of $11.88. The stock’s 50-day moving average is $6.94 and its 200-day moving average is $7.94. The company’s market cap is $304.6 million.
Regulus Therapeutics (NASDAQ:RGLS) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.29) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.19) by $0.10. On average, analysts predict that Regulus Therapeutics will post $-1.01 earnings per share for the current fiscal year.
Regulus Therapeutics Inc, is a biopharmaceutical company focused on discovering and developing microRNAs to treat a range of diseases.
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