Thomas B. Neff Sells 38,636 Shares of FibroGen, Inc (FGEN) Stock
FibroGen, Inc (NASDAQ:FGEN) CEO Thomas B. Neff sold 38,636 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $51.67, for a total transaction of $1,996,322.12. Following the completion of the sale, the chief executive officer now owns 3,297,655 shares of the company’s stock, valued at approximately $170,389,833.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of FibroGen, Inc (NASDAQ FGEN) traded up 0.58% during trading on Friday, reaching $52.40. 1,462,946 shares of the company were exchanged. The firm’s market cap is $3.73 billion. The stock’s 50-day moving average is $42.78 and its 200-day moving average is $31.87. FibroGen, Inc has a 52-week low of $15.60 and a 52-week high of $52.70.
FibroGen (NASDAQ:FGEN) last announced its earnings results on Monday, August 7th. The biopharmaceutical company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.01). FibroGen had a negative return on equity of 64.42% and a negative net margin of 105.59%. The firm had revenue of $29.00 million for the quarter, compared to the consensus estimate of $34.80 million. Equities research analysts predict that FibroGen, Inc will post ($1.80) earnings per share for the current fiscal year.
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A number of institutional investors and hedge funds have recently bought and sold shares of FGEN. BlackRock Inc. increased its stake in FibroGen by 29,724.1% in the first quarter. BlackRock Inc. now owns 4,454,819 shares of the biopharmaceutical company’s stock valued at $109,811,000 after purchasing an additional 4,439,882 shares in the last quarter. FMR LLC increased its stake in FibroGen by 96.9% in the second quarter. FMR LLC now owns 3,335,997 shares of the biopharmaceutical company’s stock valued at $107,753,000 after purchasing an additional 1,641,423 shares in the last quarter. EcoR1 Capital LLC increased its stake in FibroGen by 3,674.1% in the second quarter. EcoR1 Capital LLC now owns 1,585,457 shares of the biopharmaceutical company’s stock valued at $51,210,000 after purchasing an additional 1,543,448 shares in the last quarter. Janus Henderson Group PLC bought a new stake in FibroGen in the second quarter valued at $45,633,000. Finally, Vanguard Group Inc. increased its stake in FibroGen by 15.1% in the second quarter. Vanguard Group Inc. now owns 5,808,439 shares of the biopharmaceutical company’s stock valued at $187,612,000 after purchasing an additional 761,421 shares in the last quarter. 47.49% of the stock is owned by hedge funds and other institutional investors.
FGEN has been the subject of a number of recent analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $38.00 price objective (up previously from $32.00) on shares of FibroGen in a research report on Thursday, June 22nd. Jefferies Group LLC restated a “buy” rating and issued a $75.00 price objective on shares of FibroGen in a research report on Tuesday. Citigroup Inc. restated a “buy” rating and issued a $48.00 price objective on shares of FibroGen in a research report on Monday, June 26th. BidaskClub cut shares of FibroGen from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Goldman Sachs Group, Inc. (The) cut shares of FibroGen from a “buy” rating to a “neutral” rating and set a $31.00 price objective for the company. in a research report on Friday, July 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. FibroGen has a consensus rating of “Buy” and a consensus target price of $60.17.
FibroGen Company Profile
FibroGen, Inc is a science-based biopharmaceutical company discovering and developing a pipeline of first- in-class therapeutics. The Company is focused on fibrosis and hypoxia-inducible factor (HIF) biology and clinical development to advance innovative medicines for the treatment of anemia, fibrotic disease, and cancer.
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