Somewhat Positive Media Coverage Somewhat Unlikely to Affect KalVista Pharmaceuticals (KALV) Stock Price
News articles about KalVista Pharmaceuticals (NASDAQ:KALV) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. KalVista Pharmaceuticals earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave media stories about the specialty pharmaceutical company an impact score of 46.2047846869577 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Separately, BTIG Research raised their price target on KalVista Pharmaceuticals from $18.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, October 16th.
KalVista Pharmaceuticals (KALV) opened at $9.15 on Monday. KalVista Pharmaceuticals has a 12-month low of $5.48 and a 12-month high of $15.80. The stock has a market capitalization of $89.86 and a PE ratio of -3.75.
In other KalVista Pharmaceuticals news, major shareholder Holdings A/S Novo sold 2,725,283 shares of KalVista Pharmaceuticals stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $9.64, for a total value of $26,271,728.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Rajeev M. Shah bought 850,000 shares of the firm’s stock in a transaction on Thursday, October 12th. The stock was acquired at an average price of $8.50 per share, for a total transaction of $7,225,000.00. The disclosure for this purchase can be found here. Insiders own 49.10% of the company’s stock.
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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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