Insider Buying: ContraVir Pharmaceuticals Inc (CTRV) CFO Acquires 20,000 Shares of Stock
ContraVir Pharmaceuticals Inc (NASDAQ:CTRV) CFO John T. Cavan acquired 20,000 shares of the company’s stock in a transaction on Tuesday, June 20th. The stock was acquired at an average price of $0.65 per share, for a total transaction of $13,000.00. Following the purchase, the chief financial officer now directly owns 20,000 shares of the company’s stock, valued at $13,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of ContraVir Pharmaceuticals Inc (NASDAQ:CTRV) traded down 0.5511% during trading on Thursday, hitting $0.6316. The stock had a trading volume of 223,152 shares. ContraVir Pharmaceuticals Inc has a 52 week low of $0.60 and a 52 week high of $2.65. The company’s 50 day moving average price is $0.67 and its 200 day moving average price is $1.29. The company’s market capitalization is $40.24 million.
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Several research firms have issued reports on CTRV. Noble Financial restated a “buy” rating on shares of ContraVir Pharmaceuticals in a research note on Friday, April 21st. Maxim Group set a $4.00 price objective on ContraVir Pharmaceuticals and gave the company a “buy” rating in a research note on Tuesday, April 11th.
Institutional investors have recently modified their holdings of the stock. Teachers Advisors LLC increased its position in shares of ContraVir Pharmaceuticals by 3.1% in the fourth quarter. Teachers Advisors LLC now owns 298,781 shares of the biopharmaceutical company’s stock valued at $1,820,000 after buying an additional 8,862 shares during the period. Morgan Stanley increased its position in shares of ContraVir Pharmaceuticals by 0.4% in the first quarter. Morgan Stanley now owns 278,798 shares of the biopharmaceutical company’s stock valued at $493,000 after buying an additional 1,119 shares during the period. Geode Capital Management LLC increased its position in shares of ContraVir Pharmaceuticals by 2.0% in the first quarter. Geode Capital Management LLC now owns 353,777 shares of the biopharmaceutical company’s stock valued at $626,000 after buying an additional 7,057 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of ContraVir Pharmaceuticals by 10.2% in the first quarter. Vanguard Group Inc. now owns 2,048,283 shares of the biopharmaceutical company’s stock valued at $3,626,000 after buying an additional 189,634 shares during the period. 6.45% of the stock is owned by hedge funds and other institutional investors.
About ContraVir Pharmaceuticals
ContraVir Pharmaceuticals, Inc is a biopharmaceutical company. The Company focuses on the development of antiviral drugs for the treatment of Hepatitis B virus (HBV) infections. The Company develops a range of compounds to treat HBV infection, which include CMX157 and CRV431. The Company is also developing an antiviral asset, FV-100.
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