Xenon Pharmaceuticals Inc. (NASDAQ:XENE) CEO Simon N. Pimstone acquired 6,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were purchased at an average cost of $2.90 per share, for a total transaction of $17,400.00. Following the completion of the purchase, the chief executive officer now directly owns 217,847 shares of the company’s stock, valued at approximately $631,756.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Xenon Pharmaceuticals Inc. (NASDAQ:XENE) traded down 7.41% during mid-day trading on Monday, hitting $2.50. 240,009 shares of the stock traded hands. The company has a 50 day moving average price of $3.18 and a 200-day moving average price of $5.00. Xenon Pharmaceuticals Inc. has a one year low of $2.45 and a one year high of $9.95. The stock’s market capitalization is $45.00 million.

Xenon Pharmaceuticals (NASDAQ:XENE) last announced its quarterly earnings results on Thursday, August 3rd. The biopharmaceutical company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by $0.03. The company had revenue of $0.02 million for the quarter, compared to the consensus estimate of $0.38 million. Xenon Pharmaceuticals had a negative net margin of 3,489.63% and a negative return on equity of 47.53%. Equities analysts anticipate that Xenon Pharmaceuticals Inc. will post ($0.96) earnings per share for the current fiscal year.

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Several brokerages have weighed in on XENE. Jefferies Group LLC set a $5.00 price objective on shares of Xenon Pharmaceuticals and gave the stock a “buy” rating in a research note on Friday, August 4th. Canaccord Genuity reaffirmed a “buy” rating and set a $5.00 price objective on shares of Xenon Pharmaceuticals in a research note on Tuesday, June 27th. Finally, Zacks Investment Research raised shares of Xenon Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Xenon Pharmaceuticals currently has an average rating of “Buy” and a consensus price target of $11.88.

Several large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its stake in shares of Xenon Pharmaceuticals by 18.7% in the fourth quarter. Renaissance Technologies LLC now owns 114,200 shares of the biopharmaceutical company’s stock valued at $879,000 after buying an additional 18,000 shares during the period. Sabby Management LLC bought a new stake in shares of Xenon Pharmaceuticals during the first quarter valued at about $1,186,000. Endurant Capital Management LP bought a new stake in shares of Xenon Pharmaceuticals during the first quarter valued at about $1,363,000. KCG Holdings Inc. bought a new stake in shares of Xenon Pharmaceuticals during the first quarter valued at about $122,000. Finally, K2 Principal Fund L.P. raised its stake in shares of Xenon Pharmaceuticals by 104.4% in the first quarter. K2 Principal Fund L.P. now owns 116,975 shares of the biopharmaceutical company’s stock valued at $468,000 after buying an additional 59,747 shares during the period. 56.01% of the stock is currently owned by institutional investors.

About Xenon Pharmaceuticals

Xenon Pharmaceuticals Inc is a Canada-based clinical-stage biopharmaceutical company. It is engaged in discovering and developing a pipeline of differentiated therapeutics for orphan indications. Its product pipeline includes: Glybera, TV-45070, GDC-0310, XEN901 (Nav1.6 inhibitor) and XEN1101. Glybera is used for the treatment of lipoprotein lipase deficiency (LPLD).

Insider Buying and Selling by Quarter for Xenon Pharmaceuticals (NASDAQ:XENE)

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