Insider Selling: FibroGen, Inc (FGEN) CEO Sells 38,636 Shares of Stock
FibroGen, Inc (NASDAQ:FGEN) CEO Thomas B. Neff sold 38,636 shares of FibroGen stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $55.09, for a total transaction of $2,128,457.24. The sale was disclosed in a filing with the SEC, which is accessible through this link.
FibroGen, Inc (FGEN) traded up 7.23% on Wednesday, reaching $60.10. The company had a trading volume of 2,814,138 shares. FibroGen, Inc has a 12 month low of $15.60 and a 12 month high of $60.15. The company’s market capitalization is $4.28 billion. The company’s 50 day moving average price is $48.38 and its 200-day moving average price is $34.57.
FibroGen (NASDAQ:FGEN) last issued its quarterly earnings results on Monday, August 7th. The biopharmaceutical company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.47) by ($0.01). FibroGen had a negative net margin of 105.59% and a negative return on equity of 64.42%. The firm had revenue of $29.00 million for the quarter, compared to analyst estimates of $34.80 million. On average, equities analysts predict that FibroGen, Inc will post ($1.80) earnings per share for the current fiscal year.
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Several institutional investors and hedge funds have recently modified their holdings of FGEN. BlackRock Inc. lifted its stake in shares of FibroGen by 29,724.1% during the first quarter. BlackRock Inc. now owns 4,454,819 shares of the biopharmaceutical company’s stock valued at $109,811,000 after acquiring an additional 4,439,882 shares during the period. FMR LLC lifted its stake in shares of FibroGen by 96.9% during the second quarter. FMR LLC now owns 3,335,997 shares of the biopharmaceutical company’s stock valued at $107,753,000 after acquiring an additional 1,641,423 shares during the period. EcoR1 Capital LLC lifted 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 buying an additional 1,543,448 shares during the period. Janus Henderson Group PLC acquired a new position in FibroGen in the second quarter valued at about $45,633,000. Finally, Vanguard Group Inc. lifted 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 buying an additional 761,421 shares during the period. 47.49% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently issued reports on FGEN. Mizuho began coverage on FibroGen in a report on Wednesday. They set a “neutral” rating on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $80.00 target price on shares of FibroGen in a report on Thursday, September 14th. Jefferies Group LLC reaffirmed a “buy” rating and set a $75.00 target price on shares of FibroGen in a report on Tuesday, September 12th. William Blair reaffirmed an “outperform” rating on shares of FibroGen in a report on Wednesday, August 9th. Finally, Goldman Sachs Group, Inc. (The) lowered FibroGen from a “buy” rating to a “neutral” rating and set a $31.00 target price on the stock. in a report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. FibroGen presently has a consensus rating of “Buy” and a consensus price target 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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