Insider Selling: Five Prime Therapeutics Inc. (FPRX) Insider Sells 1,710 Shares of Stock
Five Prime Therapeutics Inc. (NASDAQ:FPRX) insider Francis Willard Sarena sold 1,710 shares of the business’s stock in a transaction on Monday, November 28th. The stock was sold at an average price of $60.14, for a total transaction of $102,839.40. Following the completion of the sale, the insider now directly owns 82,976 shares in the company, valued at approximately $4,990,176.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Francis Willard Sarena also recently made the following trade(s):
- On Friday, November 25th, Francis Willard Sarena sold 34,654 shares of Five Prime Therapeutics stock. The stock was sold at an average price of $60.38, for a total transaction of $2,092,408.52.
Shares of Five Prime Therapeutics Inc. (NASDAQ:FPRX) traded down 2.09% during mid-day trading on Wednesday, reaching $57.26. 242,808 shares of the company’s stock were exchanged. The stock has a market cap of $1.55 billion, a PE ratio of 6.40 and a beta of 4.48. Five Prime Therapeutics Inc. has a one year low of $28.01 and a one year high of $60.98. The company has a 50 day moving average price of $52.11 and a 200-day moving average price of $47.66.
Five Prime Therapeutics (NASDAQ:FPRX) last posted its earnings results on Thursday, November 3rd. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by $0.21. Five Prime Therapeutics had a return on equity of 59.23% and a net margin of 64.94%. The firm earned $6.70 million during the quarter, compared to analysts’ expectations of $7.50 million. During the same quarter in the prior year, the company earned ($0.93) earnings per share. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, analysts predict that Five Prime Therapeutics Inc. will post ($2.18) EPS for the current year.
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Several brokerages recently weighed in on FPRX. Credit Suisse Group AG reissued a “buy” rating and issued a $54.00 price objective on shares of Five Prime Therapeutics in a research note on Monday, November 7th. Citigroup Inc. began coverage on shares of Five Prime Therapeutics in a research note on Tuesday, October 25th. They issued a “buy” rating and a $65.00 price objective on the stock. Leerink Swann reissued an “outperform” rating and issued a $58.00 price objective (up previously from $45.00) on shares of Five Prime Therapeutics in a research note on Monday, August 8th. Finally, Jefferies Group set a $60.00 price objective on shares of Five Prime Therapeutics and gave the stock a “buy” rating in a research note on Friday, August 5th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $54.43.
Hedge funds have recently bought and sold shares of the stock. FMR LLC boosted its stake in Five Prime Therapeutics by 24.1% in the second quarter. FMR LLC now owns 2,817,208 shares of the company’s stock valued at $116,492,000 after buying an additional 547,808 shares during the period. Vanguard Group Inc. boosted its stake in Five Prime Therapeutics by 43.5% in the second quarter. Vanguard Group Inc. now owns 1,472,276 shares of the company’s stock valued at $60,877,000 after buying an additional 446,311 shares during the period. Acadian Asset Management LLC boosted its stake in Five Prime Therapeutics by 1.6% in the third quarter. Acadian Asset Management LLC now owns 1,111,332 shares of the company’s stock valued at $58,332,000 after buying an additional 16,964 shares during the period. BlackRock Fund Advisors boosted its stake in Five Prime Therapeutics by 7.1% in the third quarter. BlackRock Fund Advisors now owns 1,080,243 shares of the company’s stock valued at $56,702,000 after buying an additional 71,528 shares during the period. Finally, State Street Corp boosted its stake in Five Prime Therapeutics by 28.5% in the second quarter. State Street Corp now owns 1,057,836 shares of the company’s stock valued at $43,741,000 after buying an additional 234,648 shares during the period. Hedge funds and other institutional investors own 95.40% of the company’s stock.
About Five Prime Therapeutics
Five Prime Therapeutics, Inc (Five Prime) is a clinical-stage biotechnology company focused on discovering and developing protein therapeutics. The Company has three product candidates in clinical development covering multiple potential indications. It focuses on immuno-oncology, an area in which it has clinical and discovery programs, and product and discovery collaborations.
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