Insider Selling: Momenta Pharmaceuticals President Sells 1,768 Shares of Stock (MNTA)
Momenta Pharmaceuticals (NASDAQ:MNTA) President Craig A. Wheeler sold 1,768 shares of the company’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $11.75, for a total value of $20,774.00. Following the completion of the sale, the president now directly owns 372,286 shares in the company, valued at approximately $4,374,361. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Momenta Pharmaceuticals (NASDAQ:MNTA) traded down 1.72% during mid-day trading on Wednesday, hitting $11.41. The stock had a trading volume of 60,452 shares. Momenta Pharmaceuticals has a 52-week low of $9.85 and a 52-week high of $19.90. The stock’s 50-day moving average is $11.30 and its 200-day moving average is $12.84. The company’s market cap is $587.4 million.
Momenta Pharmaceuticals (NASDAQ:MNTA) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.51) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.46) by $0.05. The company had revenue of $11.00 million for the quarter, compared to the consensus estimate of $11.22 million. During the same quarter last year, the company posted ($0.57) earnings per share. Momenta Pharmaceuticals’s revenue was up 151.1% compared to the same quarter last year. On average, analysts predict that Momenta Pharmaceuticals will post $-1.14 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Maxim Group initiated coverage on shares of Momenta Pharmaceuticals in a research note on Thursday, June 5th. They set a “buy” rating and a $17.00 price target on the stock. Analysts at Goldman Sachs initiated coverage on shares of Momenta Pharmaceuticals in a research note on Monday, June 2nd. They set a “buy” rating and a $19.00 price target on the stock. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $19.20.
Momenta Pharmaceuticals, Inc (NASDAQ:MNTA) is a biotechnology company specializing in the characterization and process engineering of complex molecules.
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