Tricida Inc (NASDAQ:TCDA) insider Geoffrey M. Parker bought 5,000 shares of the business’s stock in a transaction on Tuesday, November 13th. The shares were purchased at an average cost of $29.72 per share, with a total value of $148,600.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Tricida stock opened at $29.29 on Wednesday. Tricida Inc has a fifty-two week low of $21.87 and a fifty-two week high of $40.10.

Tricida (NASDAQ:TCDA) last released its earnings results on Thursday, November 8th. The company reported ($0.65) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.84) by $0.19. Equities analysts forecast that Tricida Inc will post -3.12 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in TCDA. Massachusetts Financial Services Co. MA purchased a new position in shares of Tricida in the second quarter worth about $6,016,000. TD Asset Management Inc. purchased a new position in shares of Tricida in the second quarter worth about $574,000. Jennison Associates LLC purchased a new position in shares of Tricida in the second quarter worth about $16,664,000. Dean Capital Investments Management LLC purchased a new position in shares of Tricida in the second quarter worth about $690,000. Finally, BlackRock Inc. purchased a new position in shares of Tricida in the second quarter worth about $9,498,000. 62.48% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have weighed in on TCDA. Cowen reissued a “buy” rating on shares of Tricida in a research report on Friday, November 9th. Zacks Investment Research raised shares of Tricida from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Tuesday, September 25th. JPMorgan Chase & Co. began coverage on shares of Tricida in a research report on Monday, July 23rd. They set a “neutral” rating and a $34.00 target price for the company. Finally, Goldman Sachs Group began coverage on shares of Tricida in a research report on Monday, July 23rd. They set a “neutral” rating and a $32.00 target price for the company.

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About Tricida

Tricida, Inc, a late-stage pharmaceutical company, focuses on developing therapeutics to address renal, metabolic, and cardiovascular disease. Its lead product candidate, TRC101, a non-absorbed orally-administered polymer drug that is in Phase III clinical trials used to treat metabolic acidosis in patients with chronic kidney disease.

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