AveXis Inc (AVXS) VP Sells $236,260.00 in Stock

AveXis Inc (NASDAQ:AVXS) VP Andrew F. Knudten sold 2,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $118.13, for a total transaction of $236,260.00. Following the completion of the transaction, the vice president now directly owns 7,000 shares in the company, valued at $826,910. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

AveXis Inc (AVXS) traded down $1.93 during mid-day trading on Monday, hitting $114.10. 362,497 shares of the company traded hands, compared to its average volume of 736,933. AveXis Inc has a fifty-two week low of $53.94 and a fifty-two week high of $128.00. The firm has a market capitalization of $4,233.03, a P/E ratio of -20.45 and a beta of 2.10.

AveXis (NASDAQ:AVXS) last released its quarterly earnings results on Thursday, November 9th. The company reported ($1.52) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.48) by ($0.04). During the same quarter last year, the business posted ($0.87) EPS. analysts expect that AveXis Inc will post -6.23 EPS for the current year.

Several brokerages have recently weighed in on AVXS. Royal Bank of Canada reissued a “hold” rating and issued a $92.00 price objective on shares of AveXis in a research report on Thursday, November 2nd. Citigroup set a $132.00 price objective on shares of AveXis and gave the company a “buy” rating in a research report on Friday, January 5th. Chardan Capital reissued a “buy” rating and issued a $135.00 price objective on shares of AveXis in a research report on Friday, January 5th. UBS Group set a $122.00 price objective on shares of AveXis and gave the company a “buy” rating in a research report on Friday, January 5th. Finally, William Blair reissued a “buy” rating on shares of AveXis in a research report on Tuesday, January 30th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $113.89.

Several hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio acquired a new stake in AveXis during the third quarter worth about $116,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in AveXis by 57.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,241 shares of the company’s stock worth $137,000 after buying an additional 453 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in AveXis by 688.6% during the third quarter. Cubist Systematic Strategies LLC now owns 1,806 shares of the company’s stock worth $175,000 after buying an additional 1,577 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in AveXis during the third quarter worth about $200,000. Finally, Deschutes Portfolio Strategy LLC acquired a new stake in AveXis during the third quarter worth about $203,000. Institutional investors and hedge funds own 81.42% of the company’s stock.

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About AveXis

AveXis, Inc is a clinical-stage gene therapy company. The Company operates through the developing and commercializing gene therapy treatments for patients suffering from neurological genetic diseases segment. The Company’s product candidate, AVXS-101, is its gene therapy product candidate that is in a Phase I clinical trial for the treatment of spinal muscular atrophy (SMA) Type 1, which is a genetic disorder characterized by motor neuron loss and associated muscle deterioration.

Insider Buying and Selling by Quarter for AveXis (NASDAQ:AVXS)

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