Insider Buying: ArQule, Inc. (ARQL) CEO Acquires 16,397 Shares of Stock
ArQule, Inc. (NASDAQ:ARQL) CEO Paolo Pucci bought 16,397 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were acquired at an average price of $1.15 per share, with a total value of $18,856.55. Following the purchase, the chief executive officer now owns 403,093 shares of the company’s stock, valued at $463,556.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Paolo Pucci also recently made the following trade(s):
- On Tuesday, September 5th, Paolo Pucci bought 19,156 shares of ArQule stock. The shares were acquired at an average price of $1.14 per share, with a total value of $21,837.84.
- On Tuesday, August 29th, Paolo Pucci bought 300 shares of ArQule stock. The shares were acquired at an average price of $1.05 per share, with a total value of $315.00.
- On Monday, August 28th, Paolo Pucci acquired 2,970 shares of ArQule stock. The stock was purchased at an average price of $1.05 per share, with a total value of $3,118.50.
- On Friday, August 25th, Paolo Pucci acquired 9,492 shares of ArQule stock. The stock was purchased at an average price of $1.05 per share, with a total value of $9,966.60.
Shares of ArQule, Inc. (ARQL) traded up 0.87% during midday trading on Thursday, reaching $1.16. The company’s stock had a trading volume of 132,306 shares. The firm’s market capitalization is $82.56 million. The company’s 50-day moving average price is $1.11 and its 200 day moving average price is $1.14. ArQule, Inc. has a 1-year low of $0.92 and a 1-year high of $1.82.
ArQule (NASDAQ:ARQL) last issued its quarterly earnings data on Friday, August 4th. The biotechnology company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. ArQule had a negative return on equity of 135.68% and a negative net margin of 482.44%. During the same quarter last year, the firm posted ($0.07) earnings per share. On average, equities research analysts forecast that ArQule, Inc. will post ($0.43) earnings per share for the current year.
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An institutional investor recently raised its position in ArQule stock. Northern Trust Corp grew its position in shares of ArQule, Inc. (NASDAQ:ARQL) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 154,513 shares of the biotechnology company’s stock after buying an additional 1,385 shares during the period. Northern Trust Corp owned about 0.22% of ArQule worth $192,000 as of its most recent SEC filing. 60.95% of the stock is owned by institutional investors.
A number of equities research analysts have weighed in on ARQL shares. Zacks Investment Research upgraded ArQule from a “hold” rating to a “buy” rating and set a $1.00 price objective for the company in a research note on Thursday, August 10th. ValuEngine cut ArQule from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st.
ArQule Company Profile
ArQule, Inc is a biopharmaceutical company. The Company is engaged in the research and development of therapeutics to treat cancers and rare diseases. These drugs focuses on the biological pathways implicated in a range of cancers and certain non-oncology indications. Its clinical-stage pipeline consists of over four drug candidates, all of which are in targeted patient populations.
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