Raymond Townsend Sells 6,419 Shares of Kindred Biosciences Inc (KIN) Stock
Kindred Biosciences Inc (NASDAQ:KIN) Director Raymond Townsend sold 6,419 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $9.45, for a total value of $60,659.55. Following the transaction, the director now directly owns 18,419 shares in the company, valued at approximately $174,059.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Kindred Biosciences Inc (KIN) remained flat at $$9.15 during trading hours on Thursday. The company had a trading volume of 41,920 shares, compared to its average volume of 71,700. Kindred Biosciences Inc has a 1 year low of $5.00 and a 1 year high of $9.80. The company has a market cap of $254.72, a P/E ratio of -7.82 and a beta of 0.18.
Kindred Biosciences (NASDAQ:KIN) last issued its quarterly earnings data on Tuesday, November 7th. The biopharmaceutical company reported ($0.29) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.04. equities analysts predict that Kindred Biosciences Inc will post -1.19 earnings per share for the current year.
Large investors have recently modified their holdings of the company. Nationwide Fund Advisors bought a new stake in shares of Kindred Biosciences during the second quarter worth approximately $100,000. JPMorgan Chase & Co. bought a new stake in shares of Kindred Biosciences in the second quarter valued at approximately $119,000. OxFORD Asset Management LLP bought a new stake in shares of Kindred Biosciences in the second quarter valued at approximately $128,000. State of Wisconsin Investment Board bought a new stake in shares of Kindred Biosciences in the second quarter valued at approximately $129,000. Finally, Virtu KCG Holdings LLC boosted its stake in shares of Kindred Biosciences by 41.7% in the second quarter. Virtu KCG Holdings LLC now owns 15,285 shares of the biopharmaceutical company’s stock valued at $131,000 after buying an additional 4,495 shares during the period. Institutional investors own 66.79% of the company’s stock.
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About Kindred Biosciences
Kindred Biosciences, Inc is a development-stage biopharmaceutical company. The Company is focused on developing therapies for pets. The Company’s product pipeline consists of small molecules and biologics for a range of indications in dogs, cats and horses. The Company is developing product candidates for over 20 indications and focused on small molecule products and canine and feline biologics products.
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