Insider Buying: Aeglea Bio Therapeutics Inc (AGLE) Director Purchases 7,956 Shares of Stock
Aeglea Bio Therapeutics Inc (NASDAQ:AGLE) Director Anthony G. Quinn acquired 7,956 shares of the stock in a transaction on Monday, December 4th. The stock was bought at an average cost of $4.98 per share, for a total transaction of $39,620.88. Following the transaction, the director now owns 14,100 shares of the company’s stock, valued at approximately $70,218. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Aeglea Bio Therapeutics Inc (NASDAQ AGLE) traded down $0.34 during mid-day trading on Tuesday, reaching $4.74. 76,239 shares of the company’s stock traded hands, compared to its average volume of 65,901. Aeglea Bio Therapeutics Inc has a twelve month low of $2.81 and a twelve month high of $8.14.
Aeglea Bio Therapeutics (NASDAQ:AGLE) last announced its quarterly earnings data on Tuesday, November 7th. The biotechnology company reported ($0.48) EPS for the quarter, topping the consensus estimate of ($0.55) by $0.07. The business had revenue of $1.26 million for the quarter. Aeglea Bio Therapeutics had a negative net margin of 527.99% and a negative return on equity of 44.05%. equities analysts forecast that Aeglea Bio Therapeutics Inc will post -1.97 EPS for the current year.
Separately, Zacks Investment Research raised shares of Aeglea Bio Therapeutics from a “hold” rating to a “buy” rating and set a $5.50 price objective on the stock in a research report on Friday, November 10th.
Aeglea Bio Therapeutics Company Profile
Aeglea BioTherapeutics, Inc is a biotechnology company, which is engaged in the development of enzyme-based therapeutics in the field of amino acid metabolism to treat inborn errors of metabolism (IEM) and cancer. The Company’s product pipeline includes AEB1102, AEB3103, AEB2109 and AEB4104. Its lead product candidate, AEB1102, is engineered to degrade the amino acid arginine and is being developed to treat over two extremes of arginine metabolism, including arginine excess in patients with Arginase I deficiency, an IEM, as well as some cancers, which have shown to have a metabolic dependence on arginine.
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