Wave Life Sciences Ltd (NASDAQ:WVE) Insider Sells $82,382.52 in Stock
Wave Life Sciences Ltd (NASDAQ:WVE) insider Michael A. Panzara sold 3,058 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $26.94, for a total transaction of $82,382.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of NASDAQ WVE opened at $26.04 on Friday. The firm has a market cap of $899.80 million, a P/E ratio of -5.15 and a beta of 0.83. Wave Life Sciences Ltd has a 52-week low of $22.25 and a 52-week high of $56.00. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average price of $25.40.
Wave Life Sciences (NASDAQ:WVE) last issued its quarterly earnings results on Friday, May 10th. The company reported ($1.36) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.19) by ($0.17). The firm had revenue of $3.03 million during the quarter, compared to analyst estimates of $9.66 million. Wave Life Sciences had a negative return on equity of 120.60% and a negative net margin of 971.48%. On average, sell-side analysts expect that Wave Life Sciences Ltd will post -4.23 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of WVE. Citigroup Inc. lifted its position in shares of Wave Life Sciences by 189.4% in the 4th quarter. Citigroup Inc. now owns 2,807 shares of the company’s stock worth $118,000 after purchasing an additional 1,837 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Wave Life Sciences by 17.9% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,045 shares of the company’s stock worth $118,000 after purchasing an additional 462 shares during the period. Amundi Pioneer Asset Management Inc. lifted its position in shares of Wave Life Sciences by 45.0% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 2,900 shares of the company’s stock worth $122,000 after purchasing an additional 900 shares during the period. Legal & General Group Plc lifted its position in shares of Wave Life Sciences by 17.9% in the 4th quarter. Legal & General Group Plc now owns 3,094 shares of the company’s stock worth $130,000 after purchasing an additional 469 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Wave Life Sciences in the 1st quarter worth approximately $140,000. Hedge funds and other institutional investors own 85.62% of the company’s stock.
About Wave Life Sciences
Wave Life Sciences Ltd., a clinical stage genetic medicine company, designs, optimizes, and produces of novel stereopure oligonucleotides through PRISM, a discovery and drug developing platform. The company is primarily developing oligonucleotides that target genetic defects to either reduce the expression of disease-promoting proteins or transform the production of dysfunctional mutant proteins into the production of functional proteins.
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