FibroGen, Inc (FGEN) CEO Sells $1,029,105.00 in Stock
FibroGen, Inc (NASDAQ:FGEN) CEO Thomas B. Neff sold 18,900 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $54.45, for a total transaction of $1,029,105.00. Following the completion of the sale, the chief executive officer now owns 3,217,455 shares of the company’s stock, valued at approximately $175,190,424.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
FibroGen, Inc (FGEN) traded up 7.23% during mid-day trading on Wednesday, hitting $60.10. 2,814,728 shares of the stock were exchanged. The stock’s 50-day moving average is $48.38 and its 200 day moving average is $34.57. The company’s market capitalization is $4.28 billion. FibroGen, Inc has a 52 week low of $15.60 and a 52 week high of $60.15.
FibroGen (NASDAQ:FGEN) last issued its quarterly earnings results on Monday, August 7th. The biopharmaceutical company reported ($0.48) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.47) by ($0.01). The company had revenue of $29.00 million during the quarter, compared to analysts’ expectations of $34.80 million. FibroGen had a negative return on equity of 64.42% and a negative net margin of 105.59%. On average, analysts anticipate that FibroGen, Inc will post ($1.80) EPS for the current year.
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A number of brokerages have commented on FGEN. Citigroup Inc. increased their price target on shares of FibroGen from $48.00 to $65.00 and gave the company a “top pick” rating in a research note on Tuesday, August 8th. Mizuho began coverage on shares of FibroGen in a research note on Wednesday. They issued a “neutral” rating for the company. BidaskClub cut shares of FibroGen from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Stifel Nicolaus reiterated a “buy” rating and issued a $80.00 price target on shares of FibroGen in a research note on Thursday, September 14th. Finally, William Blair reiterated an “outperform” rating on shares of FibroGen in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $60.17.
Large investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. purchased a new position in shares of FibroGen in the 1st quarter worth about $111,000. Quantbot Technologies LP purchased a new position in shares of FibroGen in the 2nd quarter worth about $128,000. SG Americas Securities LLC boosted its holdings in shares of FibroGen by 6.5% in the 2nd quarter. SG Americas Securities LLC now owns 6,747 shares of the biopharmaceutical company’s stock worth $218,000 after buying an additional 412 shares during the last quarter. Amalgamated Bank purchased a new position in shares of FibroGen in the 2nd quarter worth about $237,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of FibroGen by 589.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,401 shares of the biopharmaceutical company’s stock worth $239,000 after buying an additional 6,327 shares during the last quarter. 47.49% of the stock is currently owned by institutional investors.
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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