Insider Selling: Ravindra Kumar Unloads 9,000 Shares of Acceleron Pharma Stock (XLRN)
Acceleron Pharma (NASDAQ:XLRN) VP Ravindra Kumar sold 9,000 shares of Acceleron Pharma stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $29.97, for a total transaction of $269,730.00. Following the transaction, the vice president now directly owns 31,890 shares of the company’s stock, valued at approximately $955,743. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Acceleron Pharma (NASDAQ:XLRN) traded down 0.50% on Friday, hitting $29.81. 140,234 shares of the company’s stock traded hands. Acceleron Pharma has a 52 week low of $16.78 and a 52 week high of $57.89. The stock’s 50-day moving average is $29.63 and its 200-day moving average is $35.97. The company’s market cap is $947.9 million.
Acceleron Pharma (NASDAQ:XLRN) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($0.54) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.55) by $0.01. Analysts expect that Acceleron Pharma will post $-1.44 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Leerink Swann initiated coverage on shares of Acceleron Pharma in a research note on Thursday. They set an “outperform” rating and a $57.00 price target on the stock. Analysts at FBR Capital Markets initiated coverage on shares of Acceleron Pharma in a research note on Wednesday. They set an “outperform” rating and a $47.00 price target on the stock. Four research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of $51.00.
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