David Louis Johnson Sells 3,092 Shares of Dynavax Technologies Co. (DVAX) Stock

Dynavax Technologies Co. (NASDAQ:DVAX) VP David Louis Johnson sold 3,092 shares of Dynavax Technologies stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $18.60, for a total transaction of $57,511.20. Following the completion of the transaction, the vice president now directly owns 7,780 shares of the company’s stock, valued at $144,708. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Dynavax Technologies Co. (NASDAQ:DVAX) traded up $0.50 during trading hours on Friday, hitting $18.50. 836,843 shares of the company’s stock were exchanged, compared to its average volume of 898,000. Dynavax Technologies Co. has a 1-year low of $3.70 and a 1-year high of $24.45. The stock has a market cap of $1,120.00, a PE ratio of -9.44 and a beta of 1.31.

Dynavax Technologies (NASDAQ:DVAX) last released its quarterly earnings results on Friday, November 3rd. The biopharmaceutical company reported ($0.38) EPS for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.15. Dynavax Technologies had a negative net margin of 1,177.60% and a negative return on equity of 65.97%. The firm had revenue of $0.05 million during the quarter, compared to analysts’ expectations of $0.28 million. During the same period in the previous year, the company earned ($0.90) EPS. The firm’s revenue for the quarter was down 68.8% compared to the same quarter last year. analysts forecast that Dynavax Technologies Co. will post -1.72 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in DVAX. PointState Capital LP purchased a new position in shares of Dynavax Technologies during the 2nd quarter worth about $13,510,000. Lord Abbett & CO. LLC purchased a new position in shares of Dynavax Technologies during the 2nd quarter worth about $7,777,000. GMT Capital Corp boosted its stake in shares of Dynavax Technologies by 28.2% during the 2nd quarter. GMT Capital Corp now owns 3,005,137 shares of the biopharmaceutical company’s stock worth $29,450,000 after purchasing an additional 660,637 shares during the period. Bain Capital Public Equity Management LLC purchased a new position in shares of Dynavax Technologies during the 2nd quarter worth about $4,741,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Dynavax Technologies by 344.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 505,227 shares of the biopharmaceutical company’s stock worth $4,876,000 after purchasing an additional 391,632 shares during the period. 70.54% of the stock is owned by hedge funds and other institutional investors.

DVAX has been the subject of a number of recent research reports. Cowen reissued a “buy” rating and issued a $30.00 price objective on shares of Dynavax Technologies in a research note on Friday, November 3rd. Cantor Fitzgerald initiated coverage on shares of Dynavax Technologies in a research note on Friday, September 15th. They issued an “overweight” rating and a $24.00 price objective for the company. BidaskClub cut shares of Dynavax Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $28.00 price objective (up from $26.00) on shares of Dynavax Technologies in a research note on Monday, September 25th. Finally, ValuEngine raised shares of Dynavax Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. Dynavax Technologies has an average rating of “Buy” and an average price target of $25.17.

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Dynavax Technologies Company Profile

Dynavax Technologies Corporation is a clinical-stage immunotherapy company. The Company is focused on leveraging the body’s innate and adaptive immune responses through toll-like receptor (TLR) stimulation. Its product candidates are being investigated for use in multiple cancer indications, as a vaccine for the prevention of hepatitis B and as a disease modifying therapy for asthma.

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