KalVista Pharmaceuticals, Inc. (KALV) Sees Large Volume Increase
KalVista Pharmaceuticals, Inc. (NASDAQ:KALV) saw unusually-strong trading volume on Friday . Approximately 786,520 shares traded hands during trading, an increase of 177% from the previous session’s volume of 284,259 shares.The stock last traded at $11.26 and had previously closed at $9.27.
A number of brokerages recently commented on KALV. BTIG Research increased their price target on KalVista Pharmaceuticals from $18.00 to $27.00 and gave the company a “buy” rating in a research note on Monday. ValuEngine raised KalVista Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd.
The company’s 50-day moving average price is $8.00 and its 200 day moving average price is $8.00. The stock’s market capitalization is $109.37 million.
KalVista Pharmaceuticals (NASDAQ:KALV) last posted its quarterly earnings data on Thursday, September 14th. The specialty pharmaceutical company reported ($0.51) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.59) by $0.08. KalVista Pharmaceuticals had a negative return on equity of 60.42% and a negative net margin of 4,191.47%. The company had revenue of $0.10 million during the quarter. On average, equities research analysts anticipate that KalVista Pharmaceuticals, Inc. will post ($2.49) EPS for the current year.
In other KalVista Pharmaceuticals news, major shareholder Holdings A/S Novo sold 2,725,283 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $9.64, for a total transaction of $26,271,728.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rajeev M. Shah acquired 850,000 shares of the business’s stock in a transaction on Thursday, October 12th. The shares were purchased at an average price of $8.50 per share, with a total value of $7,225,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 2,937,830 shares of company stock valued at $27,833,571. 49.10% of the stock is owned by company insiders.
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About KalVista Pharmaceuticals
KalVista Pharmaceuticals, Inc, formerly Carbylan Therapeutics, Inc, is a clinical-stage pharmaceutical company. The Company is focused on the discovery, development, and commercialization of small molecule protease inhibitors for a range of diseases. The Company has developed a portfolio of small molecule plasma kallikrein inhibitors targeting hereditary angioedema (HAE) and diabetic macular edema (DME).
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