Insider Selling: Acceleron Pharma Inc (XLRN) EVP Sells 4,633 Shares of Stock
Acceleron Pharma Inc (NASDAQ:XLRN) EVP Matthew L. Sherman sold 4,633 shares of Acceleron Pharma stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $42.71, for a total transaction of $197,875.43. Following the sale, the executive vice president now directly owns 77,700 shares in the company, valued at approximately $3,318,567. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Acceleron Pharma Inc (NASDAQ XLRN) traded down $1.46 during trading hours on Thursday, reaching $42.94. 332,656 shares of the company traded hands, compared to its average volume of 275,733. Acceleron Pharma Inc has a 1-year low of $23.07 and a 1-year high of $44.80. The company has a market capitalization of $1,929.73, a price-to-earnings ratio of -16.58 and a beta of 1.59.
Acceleron Pharma (NASDAQ:XLRN) last issued its earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($0.65) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.67) by $0.02. The business had revenue of $3.00 million during the quarter, compared to analysts’ expectations of $3.52 million. Acceleron Pharma had a negative net margin of 759.34% and a negative return on equity of 40.70%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.55) earnings per share. analysts expect that Acceleron Pharma Inc will post -2.65 EPS for the current year.
A number of institutional investors have recently modified their holdings of the business. GSA Capital Partners LLP purchased a new position in Acceleron Pharma in the third quarter worth about $1,496,000. Iguana Healthcare Management LLC purchased a new position in Acceleron Pharma in the third quarter worth about $2,612,000. Point72 Asset Management L.P. purchased a new position in Acceleron Pharma in the third quarter worth about $2,721,000. Granahan Investment Management Inc. MA raised its holdings in Acceleron Pharma by 15.2% in the third quarter. Granahan Investment Management Inc. MA now owns 217,091 shares of the biopharmaceutical company’s stock worth $8,102,000 after buying an additional 28,694 shares during the last quarter. Finally, Perceptive Advisors LLC raised its holdings in Acceleron Pharma by 127.2% in the third quarter. Perceptive Advisors LLC now owns 1,616,259 shares of the biopharmaceutical company’s stock worth $60,319,000 after buying an additional 905,000 shares during the last quarter. 85.70% of the stock is owned by institutional investors and hedge funds.
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About Acceleron Pharma
Acceleron Pharma Inc is a clinical-stage biopharmaceutical company. The Company is focused on the discovery, development and commercialization of therapeutics to treat serious and rare diseases. Its research focuses on key natural regulators of cellular growth and repair, particularly the Transforming Growth Factor-Beta (TGF-beta), protein superfamily.
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