Thomas F. Kearns, Jr. Sells 18,000 Shares of FibroGen, Inc (FGEN) Stock
FibroGen, Inc (NASDAQ:FGEN) Director Thomas F. Kearns, Jr. sold 18,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $45.22, for a total transaction of $813,960.00. Following the sale, the director now owns 156,564 shares in the company, valued at approximately $7,079,824.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of FibroGen, Inc (NASDAQ FGEN) traded down $0.23 during mid-day trading on Friday, reaching $46.87. 485,681 shares of the company traded hands, compared to its average volume of 629,353. FibroGen, Inc has a 52 week low of $19.25 and a 52 week high of $60.15. The company has a debt-to-equity ratio of 0.16, a quick ratio of 10.83 and a current ratio of 10.83.
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A number of hedge funds have recently modified their holdings of the stock. Iguana Healthcare Management LLC purchased a new stake in FibroGen in the third quarter worth approximately $2,152,000. California Public Employees Retirement System boosted its holdings in FibroGen by 1.8% in the third quarter. California Public Employees Retirement System now owns 94,900 shares of the biopharmaceutical company’s stock worth $5,106,000 after purchasing an additional 1,700 shares during the last quarter. Perceptive Advisors LLC purchased a new stake in FibroGen in the third quarter worth approximately $462,000. Jane Street Group LLC boosted its holdings in FibroGen by 102.4% in the third quarter. Jane Street Group LLC now owns 17,613 shares of the biopharmaceutical company’s stock worth $948,000 after purchasing an additional 8,910 shares during the last quarter. Finally, BBR Partners LLC purchased a new stake in FibroGen in the third quarter worth approximately $299,000. Institutional investors own 46.93% of the company’s stock.
A number of equities research analysts have recently commented on the stock. Leerink Swann reiterated an “outperform” rating and set a $82.00 price target (up previously from $52.00) on shares of FibroGen in a report on Tuesday, August 8th. William Blair reiterated an “outperform” rating on shares of FibroGen in a report on Wednesday, August 9th. Jefferies Group LLC reiterated a “buy” rating and set a $75.00 price target on shares of FibroGen in a report on Tuesday, August 8th. Citigroup Inc. increased their price target on shares of FibroGen from $48.00 to $65.00 and gave the company a “top pick” rating in a report on Tuesday, August 8th. Finally, Mizuho reiterated a “hold” rating and set a $61.00 price target on shares of FibroGen in a report on Thursday, November 9th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. FibroGen presently has a consensus rating of “Buy” and an average price target of $65.67.
FibroGen Company Profile
FibroGen, Inc is a science-based biopharmaceutical company discovering and developing a pipeline of first- in-class therapeutics. The Company is focused on fibrosis and hypoxia-inducible factor (HIF) biology and clinical development to advance innovative medicines for the treatment of anemia, fibrotic disease, and cancer.
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