Five Prime Therapeutics Inc. (FPRX) Insider Francis Willard Sarena Sells 34,654 Shares of Stock
Five Prime Therapeutics Inc. (NASDAQ:FPRX) insider Francis Willard Sarena sold 34,654 shares of the stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $60.38, for a total transaction of $2,092,408.52. Following the transaction, the insider now directly owns 94,731 shares of the company’s stock, valued at approximately $5,719,857.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Five Prime Therapeutics Inc. (NASDAQ:FPRX) opened at 58.635 on Tuesday. Five Prime Therapeutics Inc. has a 52-week low of $28.01 and a 52-week high of $60.98. The company has a 50-day moving average of $52.11 and a 200-day moving average of $47.66. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 6.551 and a beta of 4.48.
Five Prime Therapeutics (NASDAQ:FPRX) last released its quarterly earnings data on Thursday, November 3rd. The company reported ($0.72) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by $0.21. Five Prime Therapeutics had a net margin of 64.94% and a return on equity of 59.23%. The firm earned $6.70 million during the quarter, compared to analysts’ expectations of $7.50 million. During the same period in the previous year, the firm posted ($0.93) EPS. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. Equities research analysts anticipate that Five Prime Therapeutics Inc. will post ($2.18) EPS for the current year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. purchased a new position in Five Prime Therapeutics during the third quarter worth $30,903,000. Acadian Asset Management LLC boosted its position in Five Prime Therapeutics by 112.1% in the second quarter. Acadian Asset Management LLC now owns 1,094,368 shares of the company’s stock worth $45,250,000 after buying an additional 578,411 shares during the last quarter. FMR LLC boosted its position in Five Prime Therapeutics by 24.1% in the second quarter. FMR LLC now owns 2,817,208 shares of the company’s stock worth $116,492,000 after buying an additional 547,808 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in Five Prime Therapeutics during the second quarter worth $19,498,000. Finally, Vanguard Group Inc. boosted its position 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 worth $60,877,000 after buying an additional 446,311 shares during the last quarter. 95.40% of the stock is owned by institutional investors.
Several research analysts have commented on the stock. Leerink Swann reissued an “outperform” rating and set a $58.00 price objective (up previously from $45.00) on shares of Five Prime Therapeutics in a report on Monday, August 8th. Jefferies Group set a $60.00 price objective on shares of Five Prime Therapeutics and gave the company a “buy” rating in a report on Friday, August 5th. Citigroup Inc. assumed coverage on shares of Five Prime Therapeutics in a report on Tuesday, October 25th. They set a “buy” rating and a $65.00 price objective for the company. Finally, Credit Suisse Group AG restated a “buy” rating and set a $54.00 target price on shares of Five Prime Therapeutics in a research report on Monday, November 7th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Five Prime Therapeutics presently has an average rating of “Buy” and an average target price of $54.43.
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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