Insider Selling: Shalini Sharp Sells 4,000 Shares of Ultragenyx Pharmaceutical Stock (RARE)
Ultragenyx Pharmaceutical (NASDAQ:RARE) CFO Shalini Sharp unloaded 4,000 shares of the stock on the open market in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $53.97, for a total value of $215,880.00. Following the completion of the sale, the chief financial officer now directly owns 80,255 shares in the company, valued at approximately $4,331,362. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Ultragenyx Pharmaceutical (NASDAQ:RARE) traded down 3.80% during mid-day trading on Thursday, hitting $53.90. 634,419 shares of the company’s stock traded hands. Ultragenyx Pharmaceutical has a one year low of $32.02 and a one year high of $69.774. The stock’s 50-day moving average is $46.36 and its 200-day moving average is $45.55. The company’s market cap is $1.709 billion.
Ultragenyx Pharmaceutical (NASDAQ:RARE) last announced its earnings results on Monday, August 11th. The company reported ($0.45) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.42) by $0.03. Analysts expect that Ultragenyx Pharmaceutical will post $-2.06 EPS for the current fiscal year.
Separately, analysts at Robert W. Baird initiated coverage on shares of Ultragenyx Pharmaceutical in a research note on Tuesday, July 15th. They set an “outperform” rating and a $64.00 price target on the stock. Five research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus target price of $74.00.
Ultragenyx Pharmaceutical Inc is a development-stage biopharmaceutical company focused on the identification, acquisition, development, and commercialization of products for the treatment of rare and ultra-rare diseases, with an initial focus on serious, debilitating metabolic genetic diseases.
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