Insider Selling: Mardi Dier Unloads 5,000 Shares of Portola Pharmaceuticals Stock (PTLA)
Portola Pharmaceuticals (NASDAQ:PTLA) CFO Mardi Dier sold 5,000 shares of the company’s stock on the open market in a transaction dated Monday, August 25th. The stock was sold at an average price of $26.26, for a total transaction of $131,300.00. Following the completion of the transaction, the chief financial officer now directly owns 1,118 shares in the company, valued at approximately $29,359. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Zacks upgraded shares of Portola Pharmaceuticals from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 12th. They now have a $28.30 price target on the stock.
Portola Pharmaceuticals (NASDAQ:PTLA) traded up 7.32% on Monday, hitting $26.84. 249,987 shares of the company’s stock traded hands. Portola Pharmaceuticals has a 52 week low of $19.59 and a 52 week high of $31.48. The stock has a 50-day moving average of $25.59 and a 200-day moving average of $25.25. The company’s market cap is $1.111 billion.
Portola Pharmaceuticals (NASDAQ:PTLA) last announced its earnings results on Wednesday, August 6th. The company reported ($0.76) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.79) by $0.03. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.44 million. The company’s quarterly revenue was down 7.2% on a year-over-year basis. On average, analysts predict that Portola Pharmaceuticals will post $-3.45 earnings per share for the current fiscal year.
Portola Pharmaceuticals, Inc is a biopharmaceutical company focused on the development and commercialization of therapeutics in the areas of thrombosis, other hematologic disorders and inflammation for patients who has limited or no approved treatment options.
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