Insider Selling: Tetraphase Pharmaceuticals, Inc. (TTPH) Insider Sells $105,000.00 in Stock
Tetraphase Pharmaceuticals, Inc. (NASDAQ:TTPH) insider Jacques Dumas sold 17,500 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $6.00, for a total value of $105,000.00. Following the transaction, the insider now owns 17,500 shares in the company, valued at approximately $105,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Jacques Dumas also recently made the following trade(s):
- On Thursday, August 17th, Jacques Dumas sold 7,155 shares of Tetraphase Pharmaceuticals stock. The stock was sold at an average price of $5.86, for a total value of $41,928.30.
Tetraphase Pharmaceuticals, Inc. (TTPH) opened at 6.51 on Friday. The stock’s 50 day moving average price is $6.56 and its 200-day moving average price is $7.09. Tetraphase Pharmaceuticals, Inc. has a 52 week low of $3.11 and a 52 week high of $9.93. The company’s market cap is $332.36 million.
Tetraphase Pharmaceuticals (NASDAQ:TTPH) last announced its quarterly earnings results on Wednesday, August 2nd. The biopharmaceutical company reported ($0.83) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.76) by $0.07. Tetraphase Pharmaceuticals had a negative net margin of 2,092.20% and a negative return on equity of 79.79%. The company had revenue of $1.59 million during the quarter, compared to the consensus estimate of $1.54 million. During the same quarter in the prior year, the firm posted ($0.47) earnings per share. The business’s revenue was up 28.2% on a year-over-year basis. On average, equities research analysts forecast that Tetraphase Pharmaceuticals, Inc. will post ($2.55) earnings per share for the current fiscal year.
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Several hedge funds have recently bought and sold shares of the company. Wade G W & Inc. acquired a new stake in Tetraphase Pharmaceuticals during the first quarter worth $138,000. Teza Capital Management LLC boosted its position in Tetraphase Pharmaceuticals by 8.9% in the first quarter. Teza Capital Management LLC now owns 15,650 shares of the biopharmaceutical company’s stock worth $144,000 after buying an additional 1,281 shares in the last quarter. Citadel Advisors LLC boosted its position in Tetraphase Pharmaceuticals by 18.6% in the first quarter. Citadel Advisors LLC now owns 15,924 shares of the biopharmaceutical company’s stock worth $146,000 after buying an additional 2,496 shares in the last quarter. UBS Group AG boosted its position in Tetraphase Pharmaceuticals by 2.3% in the first quarter. UBS Group AG now owns 17,269 shares of the biopharmaceutical company’s stock worth $159,000 after buying an additional 387 shares in the last quarter. Finally, AXA purchased a new position in Tetraphase Pharmaceuticals during the second quarter worth approximately $132,000. Hedge funds and other institutional investors own 35.93% of the company’s stock.
A number of equities analysts have recently weighed in on TTPH shares. BMO Capital Markets reiterated a “buy” rating and set a $12.00 target price on shares of Tetraphase Pharmaceuticals in a research note on Friday, May 5th. Zacks Investment Research upgraded Tetraphase Pharmaceuticals from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a research note on Wednesday, August 9th. Stifel Nicolaus upgraded Tetraphase Pharmaceuticals from a “hold” rating to a “buy” rating and increased their target price for the stock from $8.00 to $15.00 in a research note on Wednesday, July 26th. HC Wainwright started coverage on Tetraphase Pharmaceuticals in a research note on Tuesday, July 11th. They set a “buy” rating and a $15.00 target price on the stock. Finally, BidaskClub upgraded Tetraphase Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $10.65.
Tetraphase Pharmaceuticals Company Profile
Tetraphase Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company uses its chemistry technology to create antibiotics for multidrug-resistant infections. The Company is developing its lead product candidate, eravacycline, a fully synthetic tetracycline derivative, as a spectrum intravenous (IV) and oral antibiotic for use as a first-line empiric monotherapy for the treatment of multidrug-resistant infections, including multidrug-resistant gram-negative infections.
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