Momenta Pharmaceuticals, Inc. (NASDAQ:MNTA) CFO Scott M. Storer sold 3,972 shares of Momenta Pharmaceuticals stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $15.16, for a total transaction of $60,215.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Momenta Pharmaceuticals, Inc. (NASDAQ MNTA) traded up $0.25 during trading hours on Wednesday, reaching $16.25. 934,334 shares of the company were exchanged, compared to its average volume of 927,339. The company has a market capitalization of $1,240.00, a PE ratio of -20.31 and a beta of 1.80. Momenta Pharmaceuticals, Inc. has a fifty-two week low of $11.85 and a fifty-two week high of $19.46.
MNTA has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Momenta Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. BidaskClub downgraded shares of Momenta Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Cowen set a $15.00 price target on shares of Momenta Pharmaceuticals and gave the company a “hold” rating in a research report on Wednesday, November 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $18.00 price target on shares of Momenta Pharmaceuticals in a research report on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. Momenta Pharmaceuticals presently has an average rating of “Hold” and an average target price of $15.30.
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About Momenta Pharmaceuticals
Momenta Pharmaceuticals, Inc is a biotechnology company. The Company is focused on developing generic versions of drugs, biosimilars and therapeutics for oncology and autoimmune disease. The Company has developed generic version of LOVENOX (enoxaparin sodium injection) and COPAXONE (glatiramer acetate injection).
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