Insider Selling: Momenta Pharmaceuticals President Unloads 1,768 Shares of Stock (MNTA)
Momenta Pharmaceuticals (NASDAQ:MNTA) President Craig A. Wheeler sold 1,768 shares of the company’s stock on the open market in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $11.54, for a total value of $20,402.72. Following the sale, the president now directly owns 370,518 shares in the company, valued at approximately $4,275,778. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on MNTA. 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 equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. Momenta Pharmaceuticals currently has a consensus rating of “Buy” and a consensus target price of $19.20.
Shares of Momenta Pharmaceuticals (NASDAQ:MNTA) traded up 0.23% on Friday, hitting $11.3463. 150,873 shares of the company’s stock traded hands. Momenta Pharmaceuticals has a 1-year low of $9.85 and a 1-year high of $19.90. The stock has a 50-day moving average of $11.25 and a 200-day moving average of $12.82. The company’s market cap is $584.2 million.
Momenta Pharmaceuticals (NASDAQ:MNTA) last posted its quarterly earnings results 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.
Momenta Pharmaceuticals, Inc (NASDAQ:MNTA) is a biotechnology company specializing in the characterization and process engineering of complex molecules.
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